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Exhibit 10.4  

 
 

BLADELOGIC, INC.    
    
    Employee Stock Restriction Agreement    
    

	Name of Grantee:	 	(the "Grantee")
	

No. of Shares:	
 	

Shares of Common Stock
	

Grant Date:	
 	

(the "Grant Date")

        On
the date hereof, BladeLogic, Inc., a Delaware corporation, (together with its successors, the "Company"), has issued to the individual named above, who is an officer, employee,
director, consultant or other key person of the Company, the number of Shares (as defined below) specified above. In consideration of the Grantee's employment by the Company, the Grantee hereby agrees
to the provisions set forth herein and acknowledges that each such provision is a material condition of the Company's agreement to employ him. 

        All
references to share prices and amounts herein shall be equitably adjusted to reflect stock splits, stock dividends, recapitalizations, mergers, reorganizations and similar changes
affecting the capital
stock of the Company, and any shares of capital stock of the Company received on or in respect of Shares in connection with any such event (including any shares of capital stock or any right, option
or warrant to receive the same or any security convertible into or exchangeable for any such shares or received upon conversion of any such shares) shall be subject to this Agreement on the same basis
and extent at the relevant time as the Shares in respect of which they were issued, and shall be deemed Shares as if and to the same extent they were issued at the date hereof. 

        1.    Definitions.    For the purposes of this Agreement, the following terms shall have the following respective
meanings. 

        "Bankruptcy" means (i) the filing of a voluntary petition under any bankruptcy or insolvency law, or a petition for the appointment
of a receiver or the making of an assignment for the benefit of creditors, with respect to the Grantee or any Permitted Transferee, or (ii) the Grantee or any Permitted Transferee being
subjected involuntarily to such a petition or assignment or to an attachment or other legal or equitable interest with respect to the Grantee's or the Permitted Transferee's assets, which involuntary
petition or assignment or attachment is not discharged within 60 days after its date, and (iii) the Grantee or any Permitted Transferee being subject to a transfer of Shares by operation
of law (including by divorce, even if not insolvent), except by reason of death. 

        "Cause" means a vote of the Board resolving that the Grantee should be dismissed as a result of (i) fraud, misappropriation,
embezzlement or other act of material misconduct against the Company or any of its affiliates, including without limitation, unauthorized use or disclosure of Company confidential information or trade
secrets; (ii) conviction of any criminal act involving a felony or crime of moral turpitude, including without limitation, misappropriation of funds or property; (iii) willful and
knowing violation of any rules or regulations of any governmental or regulatory body material to the business of the Company, including without limitation, of any such rules or regulations related to
sexual harassment; (iv) any intentional or material failure to perform Grantee's employment duties or obligations hereunder or material gross negligence in performance of such duties;
(v) any material breach of terms of Grantee's offer letter or Non-Competition, Non-Disclosure and Developments Agreement with the Company; or (vi) a good faith
determination by the CEO based on objective evidence that the use of drugs or alcohol is significantly interfering with Grantee's performance of Grantee's duties hereunder. 

        "Common Stock" means the Company's common stock, par value $.001 per share, together with any shares into which Common Stock may be
converted or exchanged, as provided above and herein. 

 

        "Initial Public Offering" means the closing of a firm commitment underwritten public offering of the Company yielding aggregate net
proceeds to the Company of at least $15,000,000 at a price per share of Common Stock of at least $2.50 (as appropriately adjusted for stock splits, stock combinations, stock dividends and
recapitalizations). 

        "Permitted Transferees" means any of the following to whom the Grantee may transfer Shares hereunder (as set forth in Section 4):
the Grantee's spouse, children (natural or adopted), stepchildren or a trust for their sole benefit of which the Grantee is the settlor; provided,
however, that any such trust does not require or permit distribution of any Shares during the term of this Agreement unless subject to this Agreement. Upon the death of the
Grantee (or a Permitted Transferee to whom shares have been transferred hereunder), the term Permitted Transferees shall also include such deceased Grantee's (or such deceased Permitted Transferee's)
estate, executors, administrators, personal representatives, heirs, legatees and distributees, as the case may be. 

        "Person" means any individual, corporation, partnership (limited or general), limited liability company, limited liability partnership,
association, trust, joint venture, unincorporated organization or any similar entity. 

        "Restricted Shares" initially means all of the Shares being purchased by the Grantee on the date hereof,  provided that on each of the dates listed below, the respective
number of Shares indicated below shall become Vested Shares if Grantee remains an
employee of the Company on each such date. 

	Vesting Date
 
	 	Percentage of Shares

Becoming Vested
	 
	June 23, 2007	 	25	%
	

The 23rd day of each month thereafter, for the following 36 months	
 	

2.0833	
%

        In
addition to the foregoing, in the event of a winding up of the Company or the consummation of a Sale Event, there shall be an accelerated vesting of a number of Restricted Shares
equal to the greater of (A) twenty-five percent (25%) of the Restricted Shares which are then unvested and (B) the number of Restricted Shares that would have vested over the
six month period immediately following such winding up or Sale Event, shall vest and be deemed Vested Shares, provided, however, that in the event that
provision is made in connection with a Sale Event for the assumption or continuation of the vesting of any Restricted Shares or the substitution of such Restricted Shares with a new similar equity
purchase subject to vesting of the successor entity or parent thereof, then all Restricted Shares so assumed or continued or substituted therefor shall be deemed Vested Shares upon the date on which
the Grantee's employment or service relationship with the Company and its subsidiaries or successor entity, as the case may be, terminates if (i) such termination occurs after the consummation
of such Sale Event and (ii) such termination is by the Company and its subsidiaries (or respective successor entity) without Cause. 

        "Private Transaction" means a transaction where the consideration received or retained by the holders of the then outstanding shares of
Preferred Stock of the Company (or the Common Stock issued upon conversion thereof) does not consist of (i) cash or cash equivalent consideration, (ii) securities which are registered
under the Securities Act of 1933, as amended (the "Securities Act") and/or (iii) securities for which the Company or any other issuer thereof has agreed to file a registration statement
within 90 days of the completion of the transaction for resale to the public pursuant to the Securities Act. 

        "Sale Event" means any of: (i) the dissolution or liquidation of the Company, (ii) the sale of all or substantially all of
the assets of the Company on a consolidated basis to an unrelated person or entity, (iii) a merger, reorganization or consolidation in which the outstanding shares of stock of 

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the
Company are converted into or exchanged for securities of the successor entity and the holders of the Company's outstanding voting power immediately prior to such transaction do not own a majority
of the outstanding voting power of the successor entity immediately upon completion of such transaction, (iv) the sale of all or a majority of the outstanding capital stock of the Company to an
unrelated person or entity or (v) any other transaction in which the owners of the Company's outstanding voting power prior to such transaction do not own at least a majority of the outstanding
voting power of the successor entity immediately upon completion of the transaction; provided, however, that neither (a) a sale of the Company's equity for the purpose of fundraising (including
pursuant to an Initial Public Offering or otherwise) nor (b) a Private Transaction shall be deemed a Sale Event. 

        "Shares" means the number of shares of Common Stock subject to this Stock Restriction Agreement and any additional shares of Common Stock
or other securities received in respect of the Shares, as a dividend on, or otherwise on account of, the Shares. 

        "Termination Event" means the termination of the Grantee's employment with the Company and its subsidiaries for any reason whatsoever,
regardless of the circumstances thereof, and including without
limitation upon death, disability, retirement or discharge or resignation for any reason, whether voluntary or involuntary. For purposes hereof, the Committee's determination of the reason for
termination of the Grantee's employment shall be conclusive and binding on the Grantee and the Grantee's representatives or legatees. After a Termination Event, the Grantee shall cease to vest in any
Restricted Shares. 

        "Vested Shares" means all Shares which are not Restricted Shares. 

        2.    Investment Representations.    In connection with the issuance of the Shares, the Grantee hereby represents and
warrants to the Company as follows: 

        (i)    The
Grantee is receiving the Shares for the Grantee's own account for investment only, and not for resale or with a view to the distribution thereof. 

        (ii)   The
Grantee has had such an opportunity as he or she has deemed adequate to obtain from the Company such information as is necessary to permit him or her to evaluate
the merits and risks of the Grantee's investment in the Company and has consulted with the Grantee's own advisers with respect to the Grantee's investment in the Company. 

        (iii)  The
Grantee has sufficient experience in business, financial and investment matters to be able to evaluate the risks involved in the purchase of the Shares and to make
an informed investment decision with respect to such purchase. 

        (iv)  The
Grantee can afford a complete loss of the value of the Shares and is able to bear the economic risk of holding such Shares for an indefinite period. 

        (v)   The
Grantee understands that the Shares are not registered under the Act or any applicable state securities or "blue sky" laws and may not be sold or otherwise
transferred or disposed of in the absence of an effective registration statement under the Act and under any applicable state securities or "blue sky" laws (or exemptions from the registration
requirements thereof). The Grantee further acknowledges that certificates representing the Shares will bear restrictive legends reflecting the foregoing. 

        3.    Repurchase Right.    

        (a)    Repurchase.    Upon the occurrence of (i) a Sale Event in which the consideration to be received by
holders of Common Stock consists entirely of cash, (ii) a Termination Event or (iii) the Bankruptcy of the Grantee, the Company or its assigns shall have the right and option to
repurchase all or any portion of the Restricted Shares held by the Grantee or any Permitted 

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Transferee
as of the date of such Sale Event, Termination Event or Bankruptcy (after giving effect to any acceleration of vesting provided herein). In addition, upon the Bankruptcy of any of the
Grantee's Permitted Transferees, the Company or its assigns shall have the right and option to repurchase all or any portion of the Restricted Shares held by such Permitted Transferee as of the date
of such Bankruptcy. The purchase and sale arrangements contemplated by the preceding sentences of this Section 3(a) are referred to herein as the "Repurchase." The Company shall have no
Repurchase right upon a Sale Event other than as described in this paragraph. 

        (b)    Repurchase Price.    The per share purchase price of the Restricted Shares subject to the Repurchase (the
"Repurchase Price") shall be, subject to adjustment as provided herein, $      per Share. 

        (c)    Closing Procedure.    The Company or its assigns shall effect the Repurchase (if so elected) by delivering or
mailing to the Grantee (and/or, if applicable, any Permitted Transferees) written notice (i) at least 30 days prior to the closing of a Sale Event or (ii) within six
(6) months after the Termination Event or Bankruptcy, specifying the expected closing date of such Sale Event or a date within such six-month period in which the Repurchase shall be
effected, as applicable. Upon such notification, the Grantee and any Permitted Transferees shall promptly surrender to the Company any certificates representing the Shares being purchased, together
with a duly executed stock power for the transfer of such Shares to the Company or the Company's assignee or assignees. Upon the Company's or its assignee's receipt of the certificates from the
Grantee or any Permitted Transferees, the Company or its assignee or assignees shall deliver to him, her or them a check for the Repurchase Price of the Shares being purchased,  provided, however, that
the Company may pay the Repurchase Price for such shares by offsetting and canceling any indebtedness then owed by the Grantee
to the Company. The Repurchase right specified herein shall survive and remain in effect as to Restricted Shares following and notwithstanding any public offering by or merger or other transaction
involving the Company, and certificates representing such Restricted Shares shall bear legends to such effect. 

        4.    Restrictions on Transfer of Shares.    None of the Shares now owned or hereafter acquired shall be sold,
assigned, transferred, pledged, hypothecated, given away or in any other manner disposed of or encumbered, whether voluntarily or by operation of law, unless such transfer is in compliance with all
applicable securities laws (including, without limitation, the Act), such disposition is in accordance with the terms and conditions of this Section 4 and such disposition does not cause the
Company to become subject to the reporting requirements of the Securities Exchange Act of 1934. In connection with any transfer of Shares, the Company may require the transferor to provide at the
transferor's expense an opinion of counsel to the transferor, satisfactory to the Company, that such transfer is in compliance with all foreign, federal and state securities laws (including, without
limitation, the Act). Any attempted disposition of Shares not in accordance with the terms and conditions of this Section 4 shall be null and void, and the Company shall not reflect on its
records any change in record ownership of any Shares as a result of any such disposition, shall otherwise refuse to recognize any such disposition and shall not in
any way give effect to any such disposition of any Shares. Subject to the foregoing general provisions, Shares may be transferred pursuant to the following specific terms and conditions: 

        (a)    Transfers to Permitted Transferees.    The Grantee (but not any transferee thereof) may sell, assign, transfer
or give away any or all of the Shares to Permitted Transferees; provided, however, that such Permitted Transferee(s) shall, as a condition to any such
transfer, agree to be subject to the provisions of this Agreement (including, without limitation, the provisions of Section 3 and this Section 4) and shall have delivered a written
acknowledgment to that effect to the Company. 

        (b)    Transfers Upon Death.    Upon the death of the Grantee, all Shares shall be subject to the Repurchase and all
Vested Shares shall be and remain subject to Section 4(c), if applicable, and the Grantee's estate, executors, administrators, personal representatives, heirs, legatees and 

4

 

distributees
shall be obligated to convey such Shares to the Company or its assigns under the terms contemplated hereby. 

        (c)    Other Transfers; Notice; Right of First Refusal.    In the event that the Grantee (or any Permitted Transferee
holding Shares subject to this Section 4(c)) desires to sell or otherwise transfer all or any part of the Vested Shares (but in no event Restricted Shares, which shall not be sold or
transferred except as contemplated by Section 3(a), 3(c) or 4(a) or (b)), the Grantee (or Permitted Transferee) first shall give written notice to the Company of the Grantee's (or Permitted
Transferee's) intention to make such transfer. Such notice shall state the number of Vested Shares which the Grantee (or Permitted Transferee) proposes to sell (the "Offered Shares"), the price and
the terms at which the proposed sale is to be made and the name and address of the proposed transferee. At any time within 10 days after the receipt of such notice by the Company, the Company
or its assigns may elect to purchase all or any portion of the Offered Shares at the price and on the terms offered by the proposed transferee and specified in the notice. The Company or its assigns
shall exercise this right by mailing or delivering written notice to the Grantee (or Permitted Transferee) within the foregoing 10-day period. If the Company or its assigns elect to
exercise its purchase rights under this Section 4(c), the closing for such purchase shall, in any event, take place within 45 days after the receipt by the Company of the initial notice
from the Grantee (or Permitted Transferee). In the event that the Company or its assigns do not elect to exercise such purchase right, or in the event that the Company or its assigns do not pay the
full purchase price within such 45-day period, the Grantee (or Permitted Transferee) may, within 60 days thereafter, sell the Offered Shares to the proposed transferee and at the
same price and on the same terms as specified in the Grantee's (or Permitted Transferee's) notice; provided, that after the expiration of such 60-day period, any proposed transfer must
comply with all of the provisions of this Section 4(c). Any Shares purchased by such proposed transferee shall no longer be subject to the terms of this Agreement. Any Shares not sold to the
proposed transferee shall remain subject to this Agreement. Notwithstanding the foregoing, the restrictions on the transfer of Vested Shares contained in this Section 4(c) shall terminate upon
the closing of the Company's Initial Public Offering or upon consummation of any Sale Event, in either case as a result of which shares of the Company (or successor entity) of the same class as the
Shares are registered under Section 12 of the Exchange Act of 1934 and publicly traded on NASDAQ/NMS or any national securities exchange. 

        5.    Legend.    Any certificate(s) representing the Shares shall carry substantially the following legend: 

        "The
transferability of this certificate and the shares of stock represented hereby are subject to the restrictions, terms and conditions (including repurchase and restrictions against
transfers) contained in a certain Stock Restriction Agreement between the Company and the holder of this certificate (a copy of which is available at the offices of the Company for examination)." 

        "The
shares represented by this certificate have not been registered under the Securities Act of 1933 or the securities laws of any state. The shares may not be sold or transferred in
the absence of such registration or an exemption from registration." 

        6.    Escrow Arrangement.    

        (a)    Escrow.    In order to carry out the provisions of Sections 3 and 4 of this Agreement more effectively,
the Company shall hold the Shares in escrow together with separate stock powers executed by the Grantee in blank for transfer, and any Permitted Transferee shall, as an additional condition to any
transfer of Shares, execute a like stock power as to such Shares. The Company shall not dispose of the Shares except as otherwise provided in this Agreement. In the event of any repurchase by the
Company (or any of its assigns), the Company is hereby authorized by the Grantee and any Permitted Transferee, as the Grantee's and each such Permitted Transferee's 

5

 

attorney-in-fact,
to date and complete the stock powers necessary for the transfer of the Shares being purchased and to transfer such Shares in accordance with the terms
hereof. At such time as any Shares are no longer subject to the Company's repurchase and first refusal rights, the Company shall, at the written request of the Grantee, deliver to the Grantee (or the
relevant Permitted Transferee) a certificate representing such Shares with the balance of the Shares (if any) to be held in escrow pursuant to this Section 6. 

        (b)    Remedy.    Without limitation of any other provision of this Agreement or other rights, in the event that the
Grantee, any Permitted Transferees or any other person or entity is required to sell the Grantee's Shares pursuant to the provisions of Section 3 and 4 of this Agreement and in the further
event that he or she refuses or for any reason fails to deliver to the designated purchaser of such Shares the certificate or certificates evidencing such Shares together with a related stock power,
such designated purchaser may deposit the applicable purchase price for such Shares with a bank designated by the Company, or with the Company's independent public accounting firm, as agent or
trustee, or in escrow, for the Grantee, any Permitted Transferees or other person or entity, to be held by such bank or accounting firm for the benefit of and for delivery to him, her, them or it,
and/or, in its discretion, pay such purchase price by offsetting any indebtedness then owed by the Grantee as provided above. Upon
any such deposit and/or offset by the designated purchaser of such amount and upon notice to the person or entity who was required to sell the Shares to be sold pursuant to the provisions of
Section 3 and 4, such Shares shall at such time be deemed to have been sold, assigned, transferred and conveyed to such purchaser, the holder thereof shall have no further rights thereto (other
than the right to withdraw the payment thereof held in escrow, if applicable), and the Company shall record such transfer in its stock transfer book or in any appropriate manner. 

        7.    Withholding Taxes.    The Grantee acknowledges and agrees that the Company or any of its Subsidiaries have the
right to deduct from payments of any kind otherwise due to the Grantee, or from the Shares held pursuant to Section 6 hereof, the minimum federal, state or local taxes of any kind required by
law to be withheld with respect to the purchase of the Shares by the Grantee. In furtherance of the foregoing the Grantee agrees to elect, in accordance with Section 83(b) of the Internal
Revenue Code of 1986, as amended, to recognize ordinary income in the year of entering into this Stock Restriction Agreement, and to pay to the Company all withholding taxes shown as due on his or her
Section 83(b) election form, or otherwise ultimately determined to be due with respect to such election, based on the excess, if any, of the fair market value of such Shares as of the date of
the purchase of such Shares by the Grantee over the purchase price for such Shares. 

        8.    Assignment.    At the discretion of the Board, the Company shall have the right to assign the right to exercise
its rights with respect to the Repurchase or pursuant to Section 4(c) to any Person or Persons, in whole or in part in any particular instance, upon the same terms and conditions applicable to
the exercise thereof by the Company, and such assignee or assignees of the Company shall then take and hold any Shares so acquired subject to such terms as may be specified by the Company in
connection with any such assignment. 

        9.    Miscellaneous Provisions.    

        (a)    Lockup provision.    The Grantee and each Permitted Transferee shall agree, if requested by the Company and any
underwriter engaged by the Company, not to sell or otherwise transfer or dispose of any securities of the Company (including, without limitation pursuant to Rule 144 under the Act (or any
successor or similar exemptive rule hereafter in effect)) held by them for such period following the effective date of any registration statement of the Company filed under the Act as the Company or
such underwriter shall specify reasonably and in good faith, not to exceed 180 days in the case of the Company's Initial Public Offering or 90 days in the case of any other 

6

 

public
offering; provided, that such restriction shall only apply if all directors, officers and 5% stockholders of the Company are also subject to similar restrictions. 

        (b)    Record Owner; Dividends.    The Grantee and any Permitted Transferees, during the duration of this Agreement,
shall be considered the record owners of and shall be entitled to vote the Shares if and to
the extent the Shares are entitled to voting rights. The Grantee and any Permitted Transferees shall be entitled to receive all dividends and any other distributions declared on the Shares;  provided, however, that the Company is under no duty to declare any such dividends or to make any such distributions.
 

        (c)    Equitable Relief.    The parties hereto agree and declare that legal remedies are inadequate to enforce the
provisions of this Agreement and that equitable relief, including specific performance and injunctive relief, may be used to enforce the provisions of this Agreement. 

        (d)    Change and Modifications.    This Agreement may not be orally changed, modified or terminated, nor shall any
oral waiver of any of its terms be effective. This Agreement may be changed, modified or terminated only by an agreement in writing signed by the Company and the Grantee. 

        (e)    Governing Law.    This Agreement shall be governed by and construed in accordance with the laws of Delaware
without regard to conflict of law principles. 

        (f)    Headings.    The headings are intended only for convenience in finding the subject matter and do not constitute
part of the text of this Agreement and shall not be considered in the interpretation of this Agreement. 

        (g)    Saving Clause.    If any provision(s) of this Agreement shall be determined to be illegal or unenforceable,
such determination shall in no manner affect the legality or enforceability of any other provision hereof. 

        (h)    Notices.    All notices, requests, consents and other communications shall be in writing and be deemed given
when delivered personally, by telex or facsimile transmission or when received if mailed by first class registered or certified mail, postage prepaid. Notices to the Company or the Grantee shall be
addressed as set forth underneath their signatures below, or to such other address or addresses as may have been furnished by such party in writing to the other. Notices to any holder of the Shares
other than the Grantee shall be addressed to the address furnished by such holder to the Company. 

        (i)    Benefit and Binding Effect.    This Agreement shall be binding upon and shall inure to the benefit of the
parties hereto, their respective successors, assigns, and legal representatives. Without limitation of the foregoing, upon any stock-for-stock merger or similar transaction in
which the Company is not the surviving entity, shares of the Company's successor issued in respect of the Shares shall remain subject to vesting, the Repurchase and the right of first refusal
hereunder, subject to the acceleration provisions hereof. The Company has the right to assign this Agreement, and the assignee shall become entitled to all the rights of the Company hereunder to the
extent of such assignment. 

        (j)    Counterparts.    For the convenience of the parties and to facilitate execution, this Agreement may be executed
in two or more counterparts, each of which shall be deemed an original, but all of which shall constitute one and the same document. 

[SIGNATURE
PAGE FOLLOWS] 

7

 

        IN
WITNESS WHEREOF, the Company and the Grantee have executed this Stock Restriction Agreement as of the date first above written. 

	 	 	COMPANY
	

 	
 	

BLADELOGIC, INC.
	

 	
 	

By:	

 
	 	 	 	
 Name:

Title:
	

 	
 	

GRANTEE:
	

 	
 	

 Name:
	

 	
 	

Address:
	

 	
 	

	

 	
 	

	

Spousal Consent	
 	

 	

 
	

                        (Grantee's spouse) indicates by the execution of this Stock Restriction Agreement her consent to be bound
by the terms hereof as to her interests, whether as community property or otherwise, if any, in the Shares.
	

 Signature	
 	

 	

 

8

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Exhibit 10.6  

 
 

INCENTIVE STOCK OPTION AGREEMENT    
    
  
    UNDER THE BLADELOGIC, INC.
  2007 STOCK OPTION AND INCENTIVE PLAN    
    

	

Name of Optionee:	

	
 	

 
	

No. of Option Shares:	

	
 	

 
	

Option Exercise Price per Share: $	

	
 	

 
	

Grant Date:	

	
 	

 
	

Expiration Date:	

	
 	

 

        Pursuant
to the BladeLogic, Inc. 2007 Stock Option and Incentive Plan as amended through the date hereof (the "Plan"), BladeLogic, Inc. (the "Company") hereby grants to the
Optionee named above an option (the "Stock Option") to purchase on or prior to the Expiration Date specified above all or part of the number of shares of Common Stock, par value $.001 per share (the
"Stock") of the Company specified above at the Option Exercise Price per Share specified above subject to the terms and conditions set forth herein and in the Plan. 

        1.    Exercisability Schedule.    No portion of this Stock Option may be exercised until such portion shall have
become exercisable. Except as set forth below, and subject to the discretion of the Administrator (as defined in the Plan) to accelerate the exercisability schedule hereunder, this Stock Option shall
be exercisable with respect to the following number of Option Shares on the dates indicated: 

	Incremental Number of

Option Shares Exercisable*
	 	Exercisability Date

	

 	
 	

(            %)	
 	

 
	
	 	 	 	

	

 	
 	

(            %)	
 	

 
	
	 	 	 	

	

 	
 	

(            %)	
 	

 
	
	 	 	 	

	

 	
 	

(            %)	
 	

 
	
	 	 	 	

	

 	
 	

(            %)	
 	

 
	
	 	 	 	

*
Max. of $100,000 per yr. 

        Once
exercisable, this Stock Option shall continue to be exercisable at any time or times prior to the close of business on the Expiration Date, subject to the provisions hereof and of
the Plan. 

        2.    Manner of Exercise.    

        (a)   The
Optionee may exercise this Stock Option only in the following manner: from time to time on or prior to the Expiration Date of this Stock Option, the Optionee may
give written notice to the Administrator of his or her election to purchase some or all of the Option Shares purchasable at the time of such notice. This notice shall specify the number of Option
Shares to be purchased. 

 

        Payment
of the purchase price for the Option Shares may be made by one or more of the following methods: (i) in cash, by certified or bank check or other instrument acceptable to
the Administrator; (ii) through the delivery (or attestation to the ownership) of shares of Stock that have been purchased by the Optionee on the open market or that are beneficially owned by
the Optionee and are not then subject to any restrictions under any Company plan and that otherwise satisfy any holding periods as may be required by the Administrator; (iii) by the Optionee
delivering to the Company a properly executed exercise notice together with irrevocable instructions to a broker to promptly deliver to the Company cash or a check payable and acceptable to the
Company to pay the option purchase price, provided that in the event the Optionee chooses to pay the option purchase price as so provided, the Optionee and the broker shall comply with such procedures
and enter into such agreements of indemnity and other agreements as the Administrator shall prescribe as a condition of such payment procedure; or (iv) a combination of (i), (ii) and
(iii) above. Payment instruments will be received subject to collection. 

        The
transfer to the Optionee on the records of the Company or of the transfer agent of the Option Shares will be contingent upon (i) the Company's receipt from the Optionee of the
full purchase price for the Option Shares, as set forth above, (ii) the fulfillment of any other requirements contained herein or in the Plan or in any other agreement or provision of laws, and
(iii) the receipt by the Company of any agreement, statement or other evidence that the Company may require to satisfy itself that the issuance of Stock to be purchased pursuant to the exercise
of Stock Options under the Plan and any subsequent resale of the shares of Stock will be in compliance with applicable laws and regulations. In the event the Optionee chooses to pay the purchase price
by previously-owned shares of Stock through the attestation method, the number of shares of Stock transferred to the Optionee upon the exercise of the Stock Option shall be net of the shares attested
to. 

        (b)   The
shares of Stock purchased upon exercise of this Stock Option shall be transferred to the Optionee on the records of the Company or of the transfer agent upon
compliance to the satisfaction of the Administrator with all requirements under applicable laws or regulations in connection with such issuance and with the requirements hereof and of the Plan. The
determination of the Administrator as to such compliance shall be final and binding on the Optionee. The Optionee shall not be deemed to be the holder of, or to have any of the rights of a holder with
respect to, any shares of Stock subject to this Stock Option unless and until this Stock Option shall have been exercised pursuant to the terms hereof, the Company or the transfer agent shall have
transferred the shares to the Optionee, and the
Optionee's name shall have been entered as the stockholder of record on the books of the Company. Thereupon, the Optionee shall have full voting, dividend and other ownership rights with respect to
such shares of Stock. 

        (c)   The
minimum number of shares with respect to which this Stock Option may be exercised at any one time shall be 100 shares, unless the number of shares with respect to
which this Stock Option is being exercised is the total number of shares subject to exercise under this Stock Option at the time. 

        (d)   Notwithstanding
any other provision hereof or of the Plan, no portion of this Stock Option shall be exercisable after the Expiration Date hereof. 

        3.    Termination of Employment.    If the Optionee's employment by the Company or a Subsidiary (as defined in the
Plan) is terminated, the period within which to exercise the Stock Option may be subject to earlier termination as set forth below. 

        (a)    Termination Due to Death.    If the Optionee's employment terminates by reason of the Optionee's death, any
portion of this Stock Option outstanding on such date shall become fully 

2

 

exercisable
and may thereafter be exercised by the Optionee's legal representative or legatee for a period of 12 months from the date of death or until the Expiration Date, if earlier. 

        (b)    Termination Due to Disability.    If the Optionee's employment terminates by reason of the Optionee's
disability (as determined by the Administrator), any portion of this Stock Option outstanding on such date shall become fully exercisable and may thereafter be exercised by the Optionee for a period
of 12 months from the date of termination or until the Expiration Date, if earlier. 

        (c)    Termination for Cause.    If the Optionee's employment terminates for Cause, any portion of this Stock Option
outstanding on such date shall terminate immediately and be of no further force and effect. For purposes hereof, "Cause" shall mean, unless otherwise provided in an employment agreement between the
Company and the Optionee, a determination by the Administrator that the Optionee shall be dismissed as a result of (i) any material breach by the Optionee of any agreement between the Optionee
and the Company; (ii) the conviction of, indictment for or plea of nolo contendere by the Optionee to a felony or a crime involving moral turpitude; or (iii) any material misconduct or
willful and deliberate non-performance (other than by reason of disability) by the Optionee of the Optionee's duties to the Company. 

        (d)    Other Termination.    If the Optionee's employment terminates for any reason other than the Optionee's death,
the Optionee's disability, or Cause, and unless otherwise determined by the Administrator, any portion of this Stock Option outstanding on such date may be exercised, to the extent exercisable on the
date of termination, for a period of three months from the date of termination or until the Expiration Date, if earlier. Any portion of this Stock Option that is not exercisable on the date of
termination shall terminate immediately and be of no further force or effect. 

        The
Administrator's determination of the reason for termination of the Optionee's employment shall be conclusive and binding on the Optionee and his or her representatives or legatees. 

        4.    Incorporation of Plan.    Notwithstanding anything herein to the contrary, this Stock Option shall be subject to
and governed by all the terms and conditions of the Plan, including the powers of the Administrator set forth in Section 2(b) of the Plan. Capitalized terms in this Agreement shall have the
meaning specified in the Plan, unless a different meaning is specified herein. 

        5.    Transferability.    This Agreement is personal to the Optionee, is non-assignable and is not
transferable in any manner, by operation of law or otherwise, other than by will or the laws of descent and distribution. This Stock Option is exercisable, during the Optionee's lifetime, only by the
Optionee, and thereafter, only by the Optionee's legal representative or legatee. 

        6.    Status of the Stock Option.    This Stock Option is intended to qualify as an "incentive stock option" under
Section 422 of the Internal Revenue Code of 1986, as amended (the "Code"), but the Company does not represent or warrant that this Stock Option qualifies as such. The Optionee should consult
with his or her own tax advisors regarding the tax effects of this Stock Option and the requirements necessary to obtain favorable income tax treatment under Section 422 of the Code, including,
but not limited to, holding period requirements. To the extent any portion of this Stock Option does not so qualify as an "incentive stock option," such portion shall be deemed to be a
non-qualified stock option. If the Optionee intends to dispose or does dispose (whether by sale, gift, transfer or otherwise) of any Option Shares within the one-year period
beginning on the date after the transfer of such shares to him or her, or within the two-year period beginning on the day after the grant of this Stock Option, he or she will so notify the
Company within 30 days after such disposition. 

        7.    Tax Withholding.    The Optionee shall, not later than the date as of which the exercise of this Stock Option
becomes a taxable event for Federal income tax purposes, pay to the Company or make arrangements satisfactory to the Administrator for payment of any Federal, state, and local taxes 

3

 

required
by law to be withheld on account of such taxable event. The Optionee may elect to have the minimum required tax withholding obligation satisfied, in whole or in part, by authorizing the
Company to withhold from shares of Stock to be issued a number of shares of Stock with an aggregate Fair Market Value that would satisfy the withholding amount due. 

        8.    No Obligation to Continue Employment.    Neither the Company nor any Subsidiary is obligated by or as a result
of the Plan or this Agreement to continue the Optionee in employment and neither the Plan nor this Agreement shall interfere in any way with the right of the Company or any Subsidiary to terminate the
employment of the Optionee at any time. 

        9.    Notices.    Notices hereunder shall be mailed or delivered to the Company at its principal place of business and
shall be mailed or delivered to the Optionee at the address on file with the Company or, in either case, at such other address as one party may subsequently furnish to the other party in writing. 

[End
of Text] 

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BLADELOGIC, INC.    
    

	

 	
 	

By:	

 Title:

        The
foregoing Agreement is hereby accepted and the terms and conditions thereof hereby agreed to by the undersigned. 

	

Dated:	
 	

	
 	

	 	 	 	 	Optionee's Signature
	

 	
 	

 	
 	

Optionee's name and address:
	

 	
 	

 	
 	

	

 	
 	

 	
 	

	

 	
 	

 	
 	

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QuickLinks

INCENTIVE STOCK OPTION AGREEMENT UNDER THE BLADELOGIC, INC. 2007 STOCK OPTION AND INCENTIVE PLAN

BLADELOGIC, INC.

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