Document:

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                                                                     EXHIBIT 4.2

                              GLOBALSCAPE, INC.,
                              ------------------

                            1998 STOCK OPTION PLAN
                            ----------------------

     PURPOSE. The purpose of this Plan is to promote the interest of
     ---------
     GLOBALSCAPE, INC., (the "Company") and its shareholders by providing an
     effective means to attract, retain and increase the commitment of certain
     individuals and to provide such individuals with additional incentive to
     contribute to the success of the Company.

     1.   ELIGIBILITY.  Options may be granted under the Plan to directors and
          -----------
          employees of, and advisors and consultants to, the Company, or of any
          parent or subsidiary of the Company (if any) provided, however, in the
          case of consultants or advisors, that such grant be in consideration
          of bona fide services rendered by such consultant or advisor and such
          services not be in connection with the offer or sale of securities in
          a capital-raising transaction. The Board of Directors or the Committee
          (defined below), as the case may be, shall select from such eligible
          class the individuals to whom Options shall be granted from time to
          time.

2.        ADMINISTRATION OF THE PLAN.  The Plan shall be administered by the
          --------------------------
          Board, or, if a committee (the "Committee") of Directors should
          unanimously agree, by a committee consisting of at least two "non-
          employee directors," as defined in Rule 16b-3 ("Rule 16b-3") under the
          Securities Exchange Act of 1934, as amended (the "Exchange Act"). In
          any event, at such time as the Company becomes a reporting company
          pursuant to registration of a class of its securities under Section 12
          of the Exchange Act, the Plan shall be administered by such a
          Committee. A quorum of such Committee shall consist of a majority of
          the members of such Committee, or as may be otherwise provided in the
          Company's bylaws. The Committee shall hold meetings at such times and
          places and conduct its business at such meetings as it may determine,
          subject to any express provisions of the Company's bylaws. Acts of a
          majority of the Committee members attending at a meeting at which a
          quorum is present, or such acts as are reduced to or approved in
          writing by the majority of the members of the Committee, shall be the
          valid acts of the Committee. The Board of Directors or the Committee,
          as the case may be, shall from time to time in its discretion
          determine which individuals shall be granted Options, the amount of
          shares covered by such Options, and certain other specific terms and
          conditions of such Options subject to the terms and conditions
          contained herein. Notwithstanding anything in this Plan to the
          contrary, the full Board of Directors of the Company shall determine
          whether any member of the Committee shall be granted Nonqualified
          Stock options (as defined below) under the Plan, the terms and
          provisions of the respective agreements evidencing such options, the
          times at which such options shall be granted, and the number of shares
          of Common Stock subject to each such option and shall make all
          determinations under the Plan with
<PAGE>

          respect to such options (which determinations of the Board of
          Directors shall be conclusive).

          The Board of Directors or the Committee, as the case may be, shall
          have the sole authority and power, subject to the express provisions
          and conditions hereof, to construe this Plan and the Options granted
          hereunder, and to adopt, prescribe, amend, and rescind rules and
          regulations relating to this Plan, and to make all determinations
          necessary or advisable for administering this Plan. The Board or
          Committee shall also have the authority and power to modify any
          provision of this Plan to render the Plan consistent with any
          amendments to Rule 16b-3 or Form S-8 of the Securities Act of 1933, as
          amended (the "Securities Act"), including amendments which permit the
          grant of Options on terms which are less restrictive than the terms
          set forth herein. The interpretation by the Board or Committee of any
          provision of the Plan with respect to any incentive stock option
          granted hereunder shall be in accordance with section 422 of the
          Internal Revenue Code of 1986 and the regulations issued thereunder,
          as amended from time to time (the "Internal Revenue Code"), in order
          that the incentive stock options granted hereunder ("Incentive Stock
          Options") shall constitute "incentive stock options" within the
          meaning of section 422 of the Internal Revenue Code. Options granted
          under the Plan which are not intended to be Incentive Stock Options
          are referred to herein as "Nonqualified Stock Options." The term
          "Options" as used herein shall refer to Incentive Stock Options and
          Nonqualified Stock Options, either collectively or without
          distinction. The interpretation and construction by the Board or
          Committee, if any, of any provisions of the Plan or of any Option
          granted hereunder shall be final and conclusive. No member of the
          Board or the Committee shall be liable for any action or determination
          made in good faith with respect to the Plan or any Option granted
          hereunder.

3.        SHARES SUBJECT TO THE PLAN. Subject to the provisions of Section 6,
          --------------------------                               ---------
          the number of shares subject to Options granted hereunder shall not
          exceed 728,571 shares of the company's authorized but unissued or
                 -------
          reacquired Common Stock (the "Common Stock"). Such number of shares
          shall be subject to adjustment as provided in Section 5. Shares that
          by reason of the expiration, termination, cancellation or surrender of
          an Option are no longer subject to purchase pursuant to an Option
          granted under the Plan (other than by reason of exercise of such
          option) may be reoptioned hereunder.

4.        TERMS AND CONDITIONS.
          --------------------

          (A)  Option Price.  Each Option shall state the number of shares that
               ------------
          may be purchased thereunder, shall expressly designate such Option as
          an Incentive Stock Option or a Nonqualified Stock Option, and shall
          state the option price per share (the "Option Price") which shall be
          paid in the manner specified in this Section 4(A) in order to exercise
          such option. The Option Price shall not be less than the lesser of (i)
          100% of the fair market value of the shares on the day the Option is
          granted or (ii) the 10 day moving average of the fair market value of
          the shares
<PAGE>

          ending on the day the Option is granted with respect to any
          Nonqualified Stock Option granted under Plan. The Option Price shall
          not be less than 100% of the fair market value of the shares on the
          day the Option is granted with respect to any Incentive Stock Option
          granted under the Plan. For purposes of the Plan, the fair market
          value per share of the Common Stock on any date shall be deemed to be
          the closing price of the Common Stock on the principal national
          securities exchange on which the Common Stock is then listed or
          admitted to trading, if the Common Stock is then listed or admitted to
          trading on any national securities exchange. The closing price shall
          be the last reported sale price regular way, or, in case no such sale
                                                                   --
          takes place on such day, the average of the closing bid and asked
          prices regular way, as reported by said exchange. If the Common Stock
          is not then so listed on a national securities exchange, the fair
          market value per share of the Common Stock on any date shall be deemed
          to be the closing price (the last reported sale price regular way) in
          the over-the-counter market as reported by the NASDAQ National Market
          System, if the Common Stock closing price is then reported on the
          NASDAQ National Market System, or, if the Common Stock closing price
          of the Common Stock is not then reported by the NASDAQ National Market
          System, shall be deemed to be the mean of the highest closing bid and
          lowest closing asked price of the Common Stock in the over-the-counter
          market as reported by the National Association of Securities Dealers
          Automated Quotation System ("NASDAQ") or, if the Common Stock is not
          then quoted by NASDAQ, as furnished by any member of the National
          Association of Securities Dealers, Inc. selected from time to time by
          the Company for that purpose. If no member of the National Association
          of Securities Dealers, Inc. furnishes quotes with respect to the
          Common Stock of the Company, such fair market value shall be
          determined by resolution of the Committee. Notwithstanding the
          foregoing provisions of this Section 4(A), if the Committee shall at
                                       -----------
          any time determine that it is impracticable to apply the foregoing
          methods of determining fair market value, the Committee is empowered
          to adopt other reasonable methods for such purpose. The Committee may,
          if it deems it appropriate, engage the services of an independent
          qualified expert or experts to appraise the value of the Common Stock.

          Options under the Plan may be exercised by payment of the Option Price
          in cash or, if the Common Stock is then registered under the Exchange
          Act and is then traded on NASDAQ or one or more securities exchanges,
          by delivery of the equivalent fair market value of Common Stock or by
          a "cashless exercise" procedure in which an Optionee is permitted to
          exercise an Option by arranging with the Company and his or her broker
          to deliver the appropriate Option Price from the concurrent market
          sale of the acquired shares, or a combination of the foregoing
          (subject to the discretion of the Committee or the Board). An
          employee's withholding tax due upon exercise of a Nonqualified Stock
          Option may be satisfied either by a cash payment or the retention from
          the exercise of a number of shares of Common Stock with a fair market
          value equal to the required withholding tax, as the Committee or the
          Board may permit.
<PAGE>

          In addition, with respect to the exercise of any Nonqualified Stock
          Option, the Board or the Committee (or an authorized representative)
          shall advise the optionee, upon receipt of notice of intent to
          exercise such Option, of the income tax withholding consequences to
          such Optionee of such exercise, the amount of the appropriate
          withholding tax and any other payments due by reason thereof. Such
          Optionee must satisfy all of the preceding payment requirements in
          order to receive stock upon exercise of such Option.

          (B)  Option Period.  Any Options granted pursuant to this Plan must be
               -------------
          granted within two years from the date the Plan was adopted by the
          Board of Directors of the Company (January 1, 2000). Each Option shall
          state the date upon which it is granted. Each option shall be
          exercisable during such period as is provided under the terms of the
          Option, but in no event shall an Option be exercisable after the
          expiration of ten years from the date of grant. Except in the case of
          death or disability, Incentive Stock Options may be exercised within
          three months (or for such shorter period as may be specified in the
          particular Option) after termination of employment to the extent such
          Options were exercisable at the date of termination, and Nonqualified
          Stock Options may be exercised after termination of employment or
          other service to the Company for such period as may be specified in
          the particular Option. In the event of the disability of an Optionee,
          Incentive Stock Options may be exercised for up to one year after
          disability of the Optionee, to the extent exercisable prior to the
          date of disability. Nonqualified Stock Options may be exercised
          following the Optionee's death or disability and Incentive Stock
          Options may be exercised following the Optionee's death by such
          Optionee or by his or her estate, heirs, or devisees, as the case may
          be, for such period thereafter as may be specified in the particular
          Option.

          (C)  Assignability.  An Option granted pursuant to this Plan shall be
               -------------
          exercisable during the Optionee's lifetime only by the Optionee and
          shall not be assignable or transferable by the Optionee (except with
          the Committees prior written approval, and only in any such additional
          circumstances as shall not affect the Plans qualification with the
          -------------
          requirements of the incentive stock option provisions of the Internal
          Revenue Code, the requirements of Rule 16b-3 under the Exchange Act or
          the plan eligibility requirements for the use of Form S-8 of the
          Securities Act) , and shall not be subject to levy, attachment or
          similar process.  Upon any other attempt to transfer, assign, pledge
          or otherwise dispose of Options granted under this Plan, such Options
          shall immediately terminate and become null and void.

          (D)  Limit on 10% Shareholder. No Incentive Stock option may be
               ------------------------
               granted under this Plan to any individual who would, immediately
               after the grant of such Incentive Stock Option directly or
               indirectly own more than 10% of the total combined voting power
               of all classes of stock of the Company or of any parent or
               subsidiary corporation unless (i) such Incentive Stock option is
               granted at an Option Price not less than 110% of the fair market
               value of the shares on the date the Incentive Stock Option is
               granted, and (ii) such Incentive Stock Option expires, on a date
               not later than five years from the
<PAGE>

               date the Incentive Stock Option is granted.

          (E)  Limits on Options. An individual may be granted one or more
               -----------------
               Options, provided that the aggregate fair market value
               (determined as of the time the Option is granted) of Common Stock
               for which an individual may be granted Incentive Stock Options
               that are first exercisable in any calendar year (under all stock
               option plans of the Company and any parent or subsidiary
               corporations, if any) may not exceed $100,000.

          (F)  Rights as Shareholder. An Optionee, or a transferee by will or
               ---------------------
               inheritance of an Option has no rights with respect to any shares
               covered by an Option until the date of the issuance of a stock
               certificate for such shares and the recording of such issuance
               upon the Company's stock ledger by its duty appointed, regular
               transfer agent. No adjustment shall be made for dividends
               (ordinary or extraordinary, whether in cash, securities or other
               property) or distributions or other rights for which the record
               date is prior to such date, except as provided in Section 5
               hereof.

          (G)  Additional Provisions. The Options authorized under this Plan
               ---------------------
               shall contain such other provisions as the Board or Committee
               shall deem advisable, including, without limitation, further
               restrictions upon the exercise of the Option. Any Incentive Stock
               Option shall contain such limitations and restrictions upon the
               exercise of the option as shall be necessary in order that the
               Option shall be an "incentive stock option" as defined in section
               422 of the Internal Revenue Code.

          (H)  Compliance with Securities Laws. At the time, of exercise of any
               -------------------------------
               Option, the company may require the Optionee to execute any
               documents or take any action which may then be necessary to
               comply with the Securities Act and the rules and regulations
               adopted thereunder, or any other applicable federal or state laws
               regulating the sale and issuance of securities, and the Company
               may, if it deems necessary, include provisions in the Options to
               assure such compliance. The Company may from time to time change
               its requirements with respect to enforcing compliance with
               federal and state securities laws, including the request for, or
               insistence upon, letters of investment intent, such requirements
               to be determined by the Company in its judgment as necessary to
               assure compliance with said securities laws. Such changes may be
               made with respect to any particular Option or to any stock issued
               upon exercise thereof.

5.   ADJUSTMENTS UPON CHANGES IN CAPITALIZATION. In the event of any change in
     -------------------------------------------
     the number of issued and outstanding shares of Common Stock which results
     from a stock split, reverse stock split, the payment of a stock dividend or
     any other change in the capital structure of the Company, such as a merger,
     consolidation, reorganization or recapitalization, the Board or Committee
     shall appropriately adjust (a) the maximum number of shares which may be
     issued
<PAGE>

     under this Plan (b) the number of shares subject to each outstanding
     Option, and (c) the Option Price per share thereof, so that upon exercise
     of the Option the Optionee shall receive the same number of shares the
     Optionee would have received had the Optionee been the holder of all shares
     subject to such outstanding Options immediately before the effective date
     of such change in the number of issued shares of the Common Stock of the
     Company. Any such adjustment shall not result in or entitle the Optionee to
     the issuance of fractional shares. Instead, appropriate adjustments to any
     such Option and, in the aggregate, all other options of the Company of the
     same class (that is, Incentive Stock Options or Nonqualified Stock Options)
     held by each Optionee shall be made so that such Option and other options
     of the same class, if any, held by any such Optionee cover the greatest
     whole number of shares of the Common Stock which does not exceed the number
     of shares which would be covered applying such adjustments in the absence
     of any restriction on the issuance of fractional shares. Any excess
     fractional share shall be redeemed in cash at the then-current fair market
     value of the Common Stock (determined as provided in Section 4(A) hereof)
     multiplied by the appropriate fraction of a share.

6.   TERMINATION OR AMENDMENT OF THE PLAN.  The Board of Directors may at
     ------------------------------------
     any time suspend, amend, or terminate this Plan, provided that, except as
     set forth in Section 5 hereof, no amendment may be adopted that will change
     the requirement that the Option Price be at least a specified percentage of
     the fair market value of the Common Stock or change the provisions required
     for compliance with section 422 of the Internal Revenue Code, except to
     conform to a change in the requirements of such law or regulations thereof.
     Except as otherwise specifically provided herein, the Board shall not,
     without the approval of the shareholders of the Company, amend this Plan so
     as to materially increase the benefits accruing to Optionees under the
     Plan, increase the aggregate number of shares that may be issued under this
     Plan or materially modify the requirements for eligibility for
     participation in the Plan. No amendment or termination of the Plan shall,
     without the consent of the Optionee, alter or impair any rights or
     obligations under any option previously granted under the Plan.<PAGE>

                                                                     EXHIBIT 4.3

                               GLOBALSCAPE, INC.
                            2000 STOCK OPTION PLAN

                                   ARTICLE I
                                   THE PLAN

     1.1       Name.  This Plan shall be known as the "GLOBALSCAPE, INC. 2000
               ----
Stock Option Plan."  Capitalized terms used herein are defined in Article VII
hereof.

     1.2       Purpose.  The purpose of the Plan is to promote the growth and
               -------
general prosperity of the Company by permitting the Company to grant to key
Employees, Nonemployee Directors, and Advisors Options to purchase Common Stock
of the Company. The Plan is designed to help the Company and its subsidiaries
and affiliates attract and retain superior personnel for positions of
substantial responsibility and to provide key Employees, Nonemployee Directors,
and Advisors with an additional incentive to contribute to the success of the
Company. The Company intends that Incentive Stock Options granted pursuant to
Article III shall qualify as "incentive stock options" within the meaning of
Section 422 of the Code.

     1.3       Effective Date.  The Plan shall become effective upon the
               --------------
Effective Date.

     1.4       Eligibility to Participate.  Any key Employee, Nonemployee
               --------------------------
Director, or Advisor shall be eligible to participate in the Plan. Subject to
the following provisions, the Committee may grant Options in accordance with
such determinations as the Committee from time to time in its sole discretion
shall make; provided, however, that Incentive Stock Options may be granted only
to persons who are Employees.

     1.5       Shares Subject to the Plan.  The shares of Common Stock to be
               --------------------------
issued pursuant to the Plan shall be either authorized and unissued shares of
Common Stock or shares of Common Stock issued and thereafter acquired by the
Company.

     1.6       Maximum Number of Plan Shares.  Subject to adjustment pursuant
               -----------------------------
to the provisions of Section 5.2, and subject to any additional restrictions
elsewhere in the Plan, the maximum aggregate number of shares of Common Stock
that may be issued and sold hereunder shall be 3,660,000. No more than 3,660,000
shares of Common Stock shall be available for Incentive Stock Options. Subject
to adjustment pursuant to the provisions of Section 5.2, and subject to any
additional restrictions elsewhere in the Plan, the maximum aggregate number of
shares of Common Stock with respect to which Options may be granted to any
Optionee during the term of the Plan shall not exceed 2,000,000 shares.

     1.7       Options and Stock Granted Under Plan.  If an Option terminates
               ------------------------------------
without being wholly exercised, new Options may be granted hereunder covering
the number of Plan Shares to which such Option termination relates. Moreover,
when an Option is exercised in whole or in part, the number of Plan Shares then
available for issuance hereunder shall be increased by a number of shares equal
to the number of Plan Shares to which the exercise relates.

                                    Page 1
<PAGE>

     1.8       Conditions Precedent.  The Company shall not issue any
               --------------------
certificate for Plan Shares pursuant to the Plan prior to fulfillment of all of
the following conditions:

               (a)  The admission of the Plan Shares to listing on all stock
     exchanges on which the Common Stock is then listed, unless the Committee
     determines in its sole discretion that such listing is neither necessary
     nor advisable;

               (b)  The completion of any registration or other qualification
     of the offer or sale of the Plan Shares under any federal or state law or
     under the rulings or regulations of the Securities and Exchange Commission
     or any other governmental regulatory body that the Committee shall in its
     sole discretion deem necessary or advisable; and

               (c)  The obtaining of any approval or other clearance from any
     federal or state governmental agency that the Committee shall in its sole
     discretion determine to be necessary or advisable.

     1.9       Reservation of Shares of Common Stock.  During the term of the
               -------------------------------------
Plan, the Company shall at all times reserve and keep available such number of
shares of Common Stock as shall be necessary to satisfy the requirements of the
Plan as to the number of Plan Shares. In addition, the Company shall from time
to time, as is necessary to accomplish the purposes of the Plan, seek or obtain
from any regulatory agency having jurisdiction any requisite authority that is
necessary to issue Plan Shares hereunder. The inability of the Company to obtain
from any regulatory agency having jurisdiction the authority deemed by the
Company's counsel to be necessary to the lawful issuance of any Plan Shares
shall relieve the Company of any liability in respect of the nonissuance of Plan
Shares as to which the requisite authority shall not have been obtained.

     1.10      Tax Withholding.
               ---------------

               (a)  Condition Precedent.  The issuance of Plan Shares is subject
                    -------------------
     to the condition that if at any time the Committee shall determine, in its
     discretion, that the satisfaction of withholding tax or other withholding
     liabilities under any federal, state or local law is necessary or desirable
     as a condition of, or in connection with, such issuances, then the
     issuances shall not be effective unless the withholding shall have been
     effected or obtained in a manner acceptable to the Committee.

               (b)  Manner of Satisfying Withholding Obligation.  When a
                    -------------------------------------------
     Participant is required by the Committee to pay to the Company an amount
     required to be withheld under applicable income tax laws in connection with
     the exercise of an Option, such payment may be made (i) in cash, (ii) by
     check, (iii) if permitted by the Committee, by delivery to the Company of
     shares of Common Stock already owned by the Participant having a Fair
     Market Value on the Tax Date equal to the amount required to be withheld,
     (iv) if permitted by the Committee, through the withholding by the Company
     of a portion of the Plan Shares acquired upon the exercise of the Options
     (if applicable) having a Fair Market Value on the Tax Date equal to the
     amount required to be withheld, or (v) in any other form of valid
     consideration, as permitted by the Committee in its discretion.

                                    Page 2
<PAGE>

               (c)  Notice of Disposition of Stock Acquired Pursuant to
                    ---------------------------------------------------
     Incentive Stock Options.  The Company may require as a condition to the
     -----------------------
     issuance of Plan Shares covered by any Incentive Stock Option that the
     party exercising such Option give a written representation to the Company,
     which is satisfactory in form and substance to its counsel and upon which
     the Company may reasonably rely, that he shall report to the Company any
     disposition of such shares prior to the expiration of the holding periods
     specified by Section 422(a)(1) of the Code. If and to the extent that the
     realization of income in such a disposition imposes upon the Company
     federal, state or local withholding tax requirements, or any such
     withholding is required to secure for the Company an otherwise available
     tax deduction, the Company shall have the right to require that the
     recipient remit to the Company an amount sufficient to satisfy those
     requirements; and the Company may require as a condition to the issuance of
     Plan Shares covered by an Incentive Stock Option that the party exercising
     such Option give a satisfactory written representation promising to make
     such a remittance.

     1.11      Exercise of Options.
               -------------------

               (a)  Method of Exercise.  Each Option shall be exercisable in
                    ------------------
     accordance with the terms of the Option Agreement pursuant to which the
     Option was granted.  No Option may be exercised for a fraction of a Plan
     Share.

               (b)  Payment of Purchase Price.  The purchase price of any Plan
                    -------------------------
     Shares Purchased shall be paid at the time of exercise of the Option either
     (i) in cash, (ii) by certified or cashier's check, (iii) if permitted by
     the Committee, by shares of Common Stock, (iv) if permitted by the
     Committee, by cash or certified or cashier's check for the par value of the
     Plan Shares plus a promissory note for the balance of the purchase price,
     which note shall provide for full personal liability of the maker and shall
     contain such terms and provisions as the Committee may determine, including
     without limitation the right to repay the note partially or wholly with
     Common Stock, (v) by delivery of a copy of irrevocable instructions from
     the Optionee to a broker or dealer, reasonably acceptable to the Company,
     to sell certain of the Plan Shares purchased upon exercise of the Option or
     to pledge them as collateral for a loan and promptly deliver to the Company
     the amount of sale or loan proceeds necessary to pay such purchase price,
     or (vi) in any other form of valid consideration, as permitted by the
     Committee in its discretion. If any portion of the purchase price or a note
     given at the time of exercise is paid in shares of Common Stock, those
     shares shall be valued at the then Fair Market Value.

     1.12      Written Notice Required.  Any Option shall be deemed to be
               -----------------------
exercised for purposes of the Plan when written notice of exercise has been
received by the Company at its principal office from the person entitled to
exercise the Option and payment for the Plan Shares with respect to which the
Option is exercised has been received by the Company in accordance with Section
1.11.

     1.13      Compliance with Securities Laws.  Plan Shares shall not be
               -------------------------------
issued with respect to any Option unless the issuance and delivery of the Plan
Shares and the exercise of an Option shall comply with all relevant provisions
of state and federal law (including without limitation (i) the Securities Act
and the rules and regulations promulgated thereunder, and (ii) the requirements
of any stock exchange upon which the Plan Shares may then be listed) and shall
be further subject to the approval of counsel for the Company with respect to
such compliance. The Committee may also

                                    Page 3
<PAGE>

require a Participant to furnish evidence satisfactory to the Company, including
without limitation a written and signed representation letter and consent to be
bound by any transfer restrictions imposed by law, legend, condition, or
otherwise, that the Plan Shares are being acquired only for investment and
without any present intention to sell or distribute the shares in violation of
any state or federal law, rule, or regulation. Further, each Participant shall
consent to the imposition of a legend on the certificate representing the Plan
Shares issued pursuant to the exercise of an Option restricting their transfer
as required by law or this section.

     1.14      Employment or Service of Optionee.  Nothing in the Plan or in any
               ---------------------------------
Option granted hereunder shall confer upon any Employee any right to continued
employment by the Company or any of its subsidiaries or affiliates or limit in
any way the right of the Company or any of its subsidiaries or affiliates  at
any time to terminate or alter the terms of that employment.  Nothing in the
Plan or in any Option granted hereunder shall confer upon any Nonemployee
Director or Advisor any right to continued service as a Nonemployee Director or
Advisor of the Company or any of its subsidiaries or affiliates or limit in any
way the right of the Company or any of its subsidiaries or affiliates at any
time to terminate or alter the terms of that service.

     1.15      Rights of Optionees Upon Termination of Employment or Service.
               -------------------------------------------------------------
In the event an Optionee ceases to be an Employee, Nonemployee Director, or
Advisor for any reason other than death, Permanent Disability, or Cause (i) the
Committee shall have the ability to accelerate the vesting of the Optionee's
Option, in its sole discretion, and (ii) such Optionee's Option shall be
exercisable (to the extent exercisable on the date of termination of employment
or rendition of services, or, if the vesting of such Option has been
accelerated, to the extent exercisable following such acceleration) at any time
within three months after the date of termination of employment or rendition of
services, unless by its terms the Option expires earlier or unless, with respect
to a Nonqualified Stock Option, the Committee agrees, in its sole discretion, to
further extend the term of such Nonqualified Stock Option. In the event an
Optionee ceases to serve as an Employee, Nonemployee Director, or Advisor due to
death, Permanent Disability, or Cause, the Optionee's Options may be exercised
as follows:

               (a)  Death.  Except as otherwise limited by the Committee at the
     date of the grant of an Option, if an Optionee dies while serving as an
     Employee, Nonemployee Director, or Advisor or within three months after
     ceasing to be an Employee, Nonemployee Director, Advisor, his Option shall
     become fully exercisable on the date of his death and shall expire 12
     months thereafter, unless by its terms it expires sooner or unless, with
     respect to a Nonqualified Stock Option, the Committee agrees, in its sole
     discretion, to further extend the term of such Nonqualified Stock Option.
     During such period, the Option may be fully exercised, to the extent that
     it remains unexercised on the date of death, by the Optionee's personal
     representative or by the distributees to whom the Optionee's rights under
     the Option shall pass by will or by the laws of descent and distribution.

               (b)  Disability.  If an Optionee ceases to serve as an Employee,
     Nonemployee Director, or Advisor as a result of Permanent Disability, the
     Optionee's Option shall become fully exercisable and shall expire 12 months
     thereafter, unless by its terms it expires sooner or, unless, with respect
     to a Nonqualified Stock Option, the Committee agrees, in its sole
     discretion, to extend the term of such Nonqualified Stock Option.

                                    Page 4
<PAGE>

               (c)  Cause.  If an Optionee ceases to be employed by the Company
     or a subsidiary or affiliate thereof or ceases to serve as a Nonemployee
     Director or Advisor because the Optionee's relationship with the Company,
     subsidiary or affiliate is terminated for Cause, the Optionee's Options
     shall automatically expire on the date of such termination. If any facts
     that would constitute Cause for termination or removal of an Optionee are
     discovered after the Optionee's relationship with the Company or the
     subsidiary or affiliate has ended, any Options then held by the Optionee
     may be immediately terminated by the Committee. Notwithstanding the
     foregoing, if an Optionee is an Employee employed pursuant to a written
     employment agreement with the Company or a subsidiary or affiliate thereof,
     the Optionee's relationship with the Company or a subsidiary or affiliate
     thereof shall be deemed terminated for Cause for purposes of the Plan only
     if the Optionee is considered under the circumstances to have been
     terminated "for cause" for purposes of such written agreement or the
     Optionee voluntarily ceases to be an Employee in breach of such Optionee's
     employment agreement with the Company or a subsidiary or affiliate thereof.

     1.16      Transferability of Options.  Except as the Committee may
               --------------------------
otherwise provide, Options shall not be transferable other than by will or the
laws of descent and distribution or, with respect to Nonqualified Stock Options,
pursuant to the terms of a qualified domestic relations order as defined by the
Code or Title I of ERISA, or the rules thereunder, and, with respect to
Incentive Stock Options, may be exercised during the lifetime of an Optionee
only by that Optionee or by his legally authorized representative. The
designation by an Optionee of a beneficiary shall not constitute a transfer of
the Option. The Committee may, in its discretion, provide in an Option Agreement
that Nonqualified Stock Options granted hereunder may be transferred by the
Optionee to members of his immediate family, trusts for the benefit of such
immediate family members and partnerships in which such immediate family members
are the only partners.

                                  ARTICLE II
                                ADMINISTRATION

     2.1       Committee.  The Plan shall be administered by a Committee, which
               ---------
shall be appointed by the Board; in the absence of such an appointment, the
Committee shall consist of the entire Board. The Board shall determine in its
discretion the extent to which members of the Committee shall be required to be
"Non-Employee Directors" within the meaning of Rule 16b-3 under the Exchange Act
or "outside directors" within the meaning of Section 162(m) of the Code and the
regulations thereunder. Subject to the provisions of the Plan, the Committee
shall have the sole discretion and authority to determine from time to time the
Employees, Non-Employee Directors, and Advisors to whom Options shall be granted
and the number of Plan Shares subject to each Option, to interpret the Plan, to
prescribe, amend and rescind any rules and regulations necessary or appropriate
for the administration of the Plan, to determine and interpret the details and
provisions of each Option Agreement, to modify or amend any Option Agreement or
waive any conditions or restrictions applicable to any Options (or the exercise
thereof), and to make all other determinations necessary or advisable for the
administration of the Plan. The Board may remove any member of the Committee,
with or without cause.

     2.2       Majority Rule; Unanimous Written Consent.  A majority of the
               ----------------------------------------
members of the Committee shall constitute a quorum, and any action taken by a
majority present at a meeting at

                                    Page 5
<PAGE>

which a quorum is present or any action taken without a meeting evidenced by a
writing executed by all members of the Committee shall constitute the action of
the Committee. Meetings of the Committee may take place by telephone conference
call.

     2.3       Company Assistance.  The Company shall supply full and timely
               ------------------
information to the Committee on all matters relating to Employees, Nonemployee
Directors, and Advisors, their employment, death, Permanent Disability, or other
termination of employment or other relationship with the Company, and such other
pertinent facts as the Committee may require.  The Company shall furnish the
Committee with such clerical and other assistance as is necessary in the
performance of its duties.

     2.4       Exculpation of Committee.  No member of the Committee shall be
               ------------------------
personally liable for, and the Company shall indemnify all members of the
Committee and hold them harmless against, any claims resulting directly or
indirectly from any action or inaction by the Committee pursuant to the Plan.

                                 ARTICLE III
                            INCENTIVE STOCK OPTIONS

     3.1       Terms and Conditions.  The terms and conditions of Options
               --------------------
granted under this Article may differ from one another as the Committee shall,
in its discretion, determine, as long as all Options granted under this Article
satisfy the requirements of this Article.

     3.2       Duration of Options.  Each Option granted pursuant to this
               -------------------
Article and all rights thereunder shall expire on the date determined by the
Committee, but in no event shall any Option granted under this Article expire
earlier than one year or later than 10 years after the date on which the Option
is granted. In addition, each Option shall be subject to early termination as
provided elsewhere in the Plan.

     3.3       Purchase Price.  The purchase price for Plan Shares acquired
               --------------
pursuant to the exercise, in whole or in part, of any Option granted under this
Article shall not be less than the Fair Market Value of the Plan Shares at the
time of the grant of the Option; provided, however, in the event of the grant of
any Option to an individual who, at the time the Option is granted, owns shares
of stock possessing more than 10% of the total combined voting power of all
classes of stock of the Company or any subsidiary or affiliate thereof within
the meaning of Section 422 of the Code, the purchase price for the Plan Shares
subject to that Option must be at least 110% of the Fair Market Value of those
Plan Shares at the time the Option is granted and the Option must not be
exercisable after the expiration of five years from the date of its grant.

     3.4       Maximum Amount of Options First Exercisable in Any Calendar Year.
               ----------------------------------------------------------------
The aggregate Fair Market Value of Plan Shares (determined at the time the
Option is granted) with respect to which Options issued under this Article are
exercisable for the first time by any Employee during any calendar year under
all incentive stock option plans of the Company and its Subsidiaries and
affiliates shall not exceed $100,000. Any portion of an Option granted under the
Plan in excess of the foregoing limit shall be considered granted pursuant to
Article IV.

                                    Page 6
<PAGE>

     3.5       Individual Option Agreements.  Each Employee receiving Options
               ----------------------------
pursuant to this Article shall be required to enter into a written Option
Agreement with the Company.  In such Option Agreement, the Employee shall agree
to be bound by the terms and conditions of the Plan, the Options made pursuant
hereto, and such other matters as the Committee deems appropriate.

                                  ARTICLE IV
                          NONQUALIFIED STOCK OPTIONS

     4.1       Option Terms and Conditions.  The terms and conditions of Options
               ---------------------------
granted under this Article may differ from one another as the Committee shall,
in its discretion, determine as long as all Options granted under this Article
satisfy the requirements of this Article.

     4.2       Duration of Options.  Each Option granted pursuant to this
               -------------------
Article and all rights thereunder shall expire on the date determined by the
Committee. In addition, each Option shall be subject to early termination as
provided elsewhere in the Plan.

     4.3       Purchase Price.  The purchase price for the Plan Shares acquired
               --------------
pursuant to the exercise, in whole or in part, of any Option granted under this
Article shall not be less than the Fair Market Value of the Plan Shares at the
time of the grant of the Option.

     4.4       Individual Option Agreements.  Each Optionee receiving Options
               ----------------------------
pursuant to this Article shall be required to enter into a written Option
Agreement with the Company.  In such Option Agreement, the Optionee shall agree
to be bound by the terms and conditions of the Plan, the Options made pursuant
hereto, and such other matters as the Committee deems appropriate.

                                   ARTICLE V
                    TERMINATION, AMENDMENT, AND ADJUSTMENT

     5.1       Termination and Amendment.  The Plan shall terminate with
               -------------------------
respect to Incentive Stock Options on the date that is ten years after the
Effective Date and with respect to Nonqualified Stock Options on the date that
is fifty years after the Effective Date. No Option shall be granted under the
Plan after the respective date of termination. Subject to the limitations
contained in this section, the Committee may at any time amend or revise the
terms of the Plan, including the form and substance of the Option Agreements to
be used in connection herewith; provided that no amendment or revision may be
made without the approval of the shareholders of the Company if such approval is
required under the Code, Rule 16b-3, or any other applicable law or rule. No
amendment, suspension, or termination of the Plan shall, without the consent of
the individual who has received an Option, alter or impair any of that
individual's rights or obligations under any Option granted under the Plan prior
to that amendment, suspension, or termination.

     5.2       Adjustments.  If the outstanding Common Stock is increased,
               -----------
decreased, changed into, or exchanged for a different number or kind of shares
or securities through merger, consolidation, combination, exchange of shares,
other reorganization, recapitalization, reclassification, stock dividend, stock
split, or reverse stock split, an appropriate and proportionate adjustment shall
be made in the maximum number and kind of Plan Shares as to which Options may

                                    Page 7
<PAGE>

be granted under the Plan. A corresponding adjustment changing the number or
kind of shares allocated to unexercised Options or portions thereof that shall
have been granted prior to any such change shall likewise be made. Any such
adjustment in outstanding Options shall be made without change in the aggregate
purchase price applicable to the unexercised portion of the Options, but with a
corresponding adjustment in the price for each share covered by the Options. The
foregoing adjustments and the manner of application of the foregoing provisions
shall be determined solely by the Committee, and any such adjustment may provide
for the elimination of fractional share interests.

                                  ARTICLE VI
                                 MISCELLANEOUS

     6.1       Other Compensation Plans.  The adoption of the Plan shall not
               ------------------------
affect any other stock option or incentive or other compensation plans in effect
for the Company or any subsidiary or affiliate of the Company, nor shall the
Plan preclude the Company or any subsidiary or affiliate thereof from
establishing any other forms of incentive or other compensation plans.

     6.2       Plan Binding on Successors.  The Plan shall be binding upon the
               --------------------------
successors and assigns of the Company and any subsidiary or affiliate of the
Company that adopts the Plan.

     6.3       Number and Gender.  Whenever used herein, nouns in the singular
               -----------------
shall include the plural where appropriate, and the masculine pronoun shall
include the feminine gender.

     6.4       Headings.  Headings of articles and sections hereof are inserted
               --------
for convenience of reference and constitute no part of the Plan.

                                  ARTICLE VII
                                  DEFINITIONS

     As used herein with initial capital letters, the following terms have the
meanings hereinafter set forth unless the context clearly indicates to the
contrary:

     7.1       "Advisor" means any individual performing substantial bona fide
                -------
services for the Company or any subsidiary or affiliate of the Company that has
adopted the Plan who is not an Employee or a Director.

     7.2       "Board" means the Board of Directors of the Company.
                -----

     7.3       "Cause" means conviction of a crime involving moral turpitude
                -----
or a crime providing for a term of imprisonment in a federal or state
penitentiary; failure or refusal to follow reasonable instructions of the Board;
failure or refusal to comply with the reasonable policies, standards and
regulations of the Company, which from time to time may be established; failure
or refusal to faithfully and diligently perform the usual customary duties of
his employment or service; acting in an unprofessional, unethical, immoral or
fraudulent manner; acting in a manner which discredits or is detrimental to the
reputation, character and standing of Company or a subsidiary or affiliate

                                    Page 8
<PAGE>

thereof; the commission of any other act that causes or reasonably may be
expected to cause substantial injury to the Company; or, in addition to the
foregoing, as otherwise defined in any employment or similar agreement between
the Company and such Optionee.

     7.4       "Code" means the Internal Revenue Code of 1986, as amended.
                ----

     7.5       "Committee" means the Committee appointed in accordance with
                ---------
Section 2.1.

     7.6       "Common Stock" means the Common Stock, par value $0.001 per
                ------------
share, of the Company or, in the event that the outstanding shares of such
Common Stock are hereafter changed into or exchanged for shares of a different
stock or security of the Company or some other corporation, such other stock or
security.

     7.7       "Company" means GLOBALSCAPE, INC., a Delaware corporation.
                -------

     7.8       "Director" means a member of the Board.
                --------

     7.9       "Effective Date" means January 1, 2000.
                --------------

     7.10      "Employee" means an employee (as defined in Section 3401(c) of
                --------
the Code and the regulations thereunder) of the Company or of any subsidiary or
affiliate of the Company that adopts the Plan, including Officers.

     7.11      "ERISA" means the Employee Retirement Income Security Act of
                -----
1974, as amended.

     7.12      "Exchange Act" means the Securities Exchange Act of 1934, as
                ------------
amended.

     7.13      "Fair Market Value" means such value as determined by the
                -----------------
Committee on the basis of such factors as it deems appropriate; provided that if
the Common Stock is traded on a national securities exchange or transactions in
the Common Stock are quoted on the Nasdaq National Market System, such value as
shall be determined by the Committee on the basis of the reported sales prices
for the Common Stock on the date for which such determination is relevant, as
reported on the national securities exchange or the Nasdaq National Market
System, as the case may be. If the Common Stock is not listed and traded upon a
recognized securities exchange or on the Nasdaq National Market System, the
Committee shall make a determination of Fair Market Value on a reasonable basis,
which may include the mean between the closing bid and asked quotations for such
stock on the date for which such determination is relevant (as reported by a
recognized stock quotation service) or, in the event that there shall be no bid
or asked quotations on the date for which such determination is relevant, then
on the basis of the mean between the closing bid and asked quotations on the
date nearest preceding the date for which such determination is relevant for
which such bid and asked quotations were available.

     7.14      "Incentive Stock Option" means an Option granted pursuant to
                ----------------------
Article III.

     7.15      "Nonemployee Director" means a member of the Board who is not an
                --------------------
Officer or Employee; provided that, as used in Section 2.1, the term "Non-
Employee Director" shall have the meaning provided in that section.

                                    Page 9
<PAGE>

     7.16      "Nonqualified Stock Option" means an Option granted pursuant to
                -------------------------
Article IV.

     7.17      "Officer" means an officer of the Company or of any subsidiary or
                -------
affiliate of the Company.

     7.18      "Option" means an Incentive Stock Option or a Nonqualified Stock
                ------
Option.

     7.19      "Optionee" means an Employee, Nonemployee Director, or Advisor
                --------
to whom an Option has been granted hereunder.

     7.20      "Option Agreement" means an agreement between the Company and an
                ----------------
Optionee with respect to one or more Options.

     7.21      "Permanent Disability" has the same meaning as that provided in
                --------------------
Section 22(e)(3) of the Code or, in addition to the foregoing, such meanings as
the terms Disability or Permanent Disability are given under any employment or
similar agreement between the Company and such Optionee.

     7.22      "Plan" means the GLOBALSCAPE, INC. 2000 Stock Option Plan, as
                ----
amended from time to time.

     7.23      "Plan Shares" means shares of Common Stock issuable pursuant to
                -----------
the Plan.

     7.24      "Rule 16b-3" means Rule 16b-3 promulgated under the Exchange Act
                ----------
or any successor rule.

     7.25      "Securities Act" means the Securities Act of 1933, as amended.
                --------------

     7.26      "Tax Date" means the date on which the amount of tax to be
                --------
withheld is determined.

     IN WITNESS WHEREOF, the undersigned Secretary of the Company certifies that
the foregoing Plan was duly adopted by the Board of Directors of the Company as
of the 9th day of May, 2000.

                              GLOBALSCAPE, INC.

                              By:________________________________________
                              Name:______________________________________
                              Title:_____________________________________

                                    Page 10

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