Document:

exv10w21

a

Exhibit 10.21

Qlik Technologies Inc. 2010 Omnibus Equity Incentive Plan

Notice of Stock Option Grant

You have been granted the following option to purchase shares of the Common Stock of Qlik
Technologies Inc. (the “Company”):

	 	 	 
	Name of Optionee:

	 	«Name»
	 
	 	 
	Total Number of Shares:

	 	«TotalShares»
	 
	 	 
	Type of Option:

	 	«ISO» Incentive Stock Option
	 

	 	«NSO» Nonstatutory Stock Option
	 
	 	 
	Exercise Price per Share:

	 	$«PricePerShare»
	 
	 	 
	Date of Grant:

	 	«DateGrant»
	 
	 	 
	Vesting Commencement Date:

	 	«VestDay»
	 
	 	 
	Vesting Schedule:

	 	This option becomes vested and exercisable with respect to the first
«CliffPercent»% of the shares subject to this option when you complete «CliffPeriod»
months of continuous “Service” (as defined in the Plan) from the Vesting Commencement
Date. Thereafter, this option becomes vested and exercisable with respect to an
additional «Percent»% of the shares subject to this option when you complete each month
of Service. [This option may vest and become exercisable on an accelerated basis as
described in the “Vesting” section of the Stock Option Agreement.]

	 
	 	 
	Expiration Date:

	 	«ExpDate». This option expires earlier if your Service terminates earlier,
as described in the Stock Option Agreement.

You and the Company agree that this option is granted under and governed by the terms and
conditions of the 2010 Omnibus Equity Incentive Plan (the “Plan”) and the Stock Option Agreement,
both of which are attached to and made a part of this document.

You further agree to accept by email all documents relating to the Company, the Plan or this option
and all other documents that the Company is required to deliver to its security holders (including,
without limitation, disclosures that may be required by the Securities and Exchange Commission).
You also agree that the Company may deliver these documents by posting them on a website maintained
by the Company or by a third party under contract with the Company. If the Company posts these
documents on a website, it will notify you by email. You acknowledge that you may incur costs in
connection with electronic delivery, including the cost of accessing the internet and printing
fees, and that an interruption of internet access may interfere with your ability to access the
documents. This consent will remain in effect until you give the Company written notice that it
should deliver paper documents.

You further agree to comply with the Company’s Securities Trading Policy when selling shares of the
Company’s Common Stock.

 

 

	 	 	 	 	 	 	 	 	 	 
	Optionee:	 	 	 	Qlik Technologies Inc.	 
	 
	 	 	 	 	 	 	 	 	 
	 

	 	 	 	By: 	 	 	 	 	 
	 	 	 	 	 	 	 
	 

	 	 	 	 	Title: 	 	 	 	 
	 

	 	 	 	 	 	 	 

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Qlik Technologies Inc. 2010 Omnibus Equity Incentive Plan

Stock Option Agreement

	 	 	 
	Tax Treatment

	 	This option is intended to be an incentive stock option under
Section 422 of the Internal Revenue Code or a nonstatutory stock
option, as provided in the Notice of Stock Option Grant.

	 
	 	 
	Vesting

	 	This option becomes vested and exercisable in installments, as
shown in the Notice of Stock Option Grant. [Add applicable vesting
acceleration, if any.]

	 
	 	 
	 

	 	This option will in no event become exercisable for additional
shares after your Service has terminated for any reason.

	 
	 	 
	Term

	 	This option expires in any event at the close of business at
Company headquarters on the day before the ___th
anniversary of the Date of Grant, as shown in the Notice of Stock
Option Grant. (It will expire earlier if your Service terminates,
as described below.)

	 
	 	 
	Regular Termination

	 	If your Service terminates for any reason except death or total and
permanent disability, then this option will expire at the close of
business at Company headquarters on the date three months after
your termination date. The Company determines when your Service
terminates for this purpose.

	 
	 	 
	Death

	 	If you die before your Service terminates, then this option will
expire at the close of business at Company headquarters on the date
12 months after the date of death.

	 
	 	 
	Disability

	 	If your Service terminates because of your total and permanent
disability, then this option will expire at the close of business
at Company headquarters on the date 12 months after your
termination date.

	 
	 	 
	 

	 	For all purposes under this Agreement, “total and permanent
disability” means that you are unable to engage in any substantial
gainful activity by reason of any medically determinable physical
or mental impairment which can be expected to result in death or
which has lasted, or can be expected to last, for a continuous
period of not less than one year.

	 
	 	 
	Leaves of Absence
and Part-Time Work

	 	For purposes of this option, your Service does not terminate when
you go on a military leave, a sick leave or another bona fide leave
of absence, if the leave was approved by the Company in writing and
if continued crediting of Service is required by the terms of the
leave or by applicable law. But your Service terminates when the
approved leave ends, unless

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	 	you immediately return to active work.

	 
	 	 
	 

	 	If you go on a leave of absence, then the vesting schedule
specified in the Notice of Stock Option Grant may be adjusted in
accordance with the Company’s leave of absence policy or the terms
of your leave. If you commence working on a part-time basis, then
the vesting schedule specified in the Notice of Stock Option Grant
may be adjusted in accordance with the Company’s part-time work
policy or the terms of an agreement between you and the Company
pertaining to your part-time schedule.

	 
	 	 
	Restrictions on 

Exercise

	 	The Company will not permit you to exercise this option if the
issuance of shares at that time would violate any law or
regulation.

	 
	 	 
	Notice of Exercise

	 	When you wish to exercise this option, you must notify the Company
by filing the proper “Notice of Exercise” form at the address given
on the form. Your notice must specify how many shares you wish to
purchase. Your notice must also specify how your shares should be
registered. The notice will be effective when the Company receives
it.

	 
	 	 
	 

	 	However, if you wish to exercise this option by executing a
same-day sale (as described below), you must follow the
instructions of the Company and the broker who will execute the
sale.

	 
	 	 
	 

	 	If someone else wants to exercise this option after your death,
that person must prove to the Company’s satisfaction that he or she
is entitled to do so.

	 
	 	 
	Form of Payment

	 	When you submit your notice of exercise, you must include payment
of the option exercise price for the shares that you are
purchasing. To the extent permitted by applicable law, payment may
be made in one (or a combination of two or more) of the following
forms:

	 
	 	 
	 

	 	•  
By delivering to the Company your personal check, a cashier’s check or a money order.

	 
	 	 
	 

	 	•  
By delivering to the Company certificates for shares of
Company stock that you own, along with any forms needed to effect a
transfer of those shares to the Company. The value of the shares,
determined as of the effective date of the option exercise, will be
applied to the option exercise price. Instead of surrendering
shares of Company stock, you may attest to the ownership of those
shares on a form provided by the Company and have the same number
of shares subtracted from the option shares issued to you.

	 
	 	 
	 

	 	•  
By giving to a securities broker approved by the Company
irrevocable directions to sell all or part of your option shares
and to deliver to the Company, from the sale proceeds, an amount
sufficient to pay the

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	 	option exercise price and any withholding
taxes. (The balance of the sale proceeds, if any, will be
delivered to you.) The directions must be given in accordance with
the instructions of the Company and the broker. This exercise
method is sometimes called a “same-day sale.”

	 
	 	 
	Withholding Taxes

	 	You will not be allowed to exercise this option unless you make
arrangements acceptable to the Company to pay any withholding taxes
that may be due as a result of the option exercise. These
arrangements include payment in cash. With the Company’s consent,
these arrangements may also include (a) payment from the proceeds
of the sale of shares through a Company-approved broker, (b)
withholding shares of Company stock that otherwise would be issued
to you when you exercise this option, (c) surrendering shares that
you previously acquired or (d) withholding cash from other
compensation. The fair market value of withheld or
surrendered shares, determined as of the date when taxes otherwise
would have been withheld in cash, will be applied to the
withholding taxes.

	 
	 	 
	Withholding Taxes
and Stock
Withholding

	 	You will not be allowed to exercise this option unless you make
arrangements acceptable to the Company to pay any withholding taxes
that may be due as a result of the option exercise. With the
Company’s consent, these arrangements may include withholding
shares of Company stock that otherwise would be issued to you when
you exercise this option. The value of these shares, determined as
of the effective date of the option exercise, will be applied to
the withholding taxes.

	 
	 	 
	Restrictions on 

Resale

	 	You agree not to sell any option shares at a time when applicable
laws, Company policies or an agreement between the Company and its
underwriters prohibit a sale. This restriction will apply as long
as your Service continues and for such period of time after the
termination of your Service as the Company may specify.

	 
	 	 
	Transfer of Option

	 	Prior to your death, only you may exercise this option. You cannot
transfer or assign this option. For instance, you may not sell
this option or use it as security for a loan. If you attempt to do
any of these things, this option will immediately become invalid.
You may, however, dispose of this option in your will or a
beneficiary designation. 

Regardless of any marital property settlement agreement, the
Company is not obligated to honor a notice of exercise from your
former spouse, nor is the Company obligated to recognize your
former spouse’s interest in your option in any other way.

			
	 	 	 

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	Retention Rights

	 	Your option or this Agreement does not give you the right to be
retained by the Company or a subsidiary of the Company in any
capacity. The Company and its subsidiaries reserve the right to
terminate your Service at any time, with or without cause.

	 
	 	 
	Stockholder Rights

	 	You, or your estate or heirs, have no rights as a stockholder of
the Company until you have exercised this option by giving the
required notice to the Company and paying the exercise price. No
adjustments are made for dividends or other rights if the
applicable record date occurs before you exercise this option,
except as described in the Plan.

	 
	 	 
	Adjustments

	 	In the event of a stock split, a stock dividend or a similar change
in Company stock, the number of shares covered by this option and
the exercise price per share will be adjusted pursuant to the Plan.

	 
	 	 
	Applicable Law

	 	This Agreement will be interpreted and enforced under the laws of
the State of Delaware (without regard to their choice-of-law
provisions).

	 
	 	 
	The Plan and Other
Agreements

	 	The text of the Plan is incorporated in this Agreement by reference.

This Agreement and the Plan constitute the entire understanding
between you and the Company regarding this option. Any prior
agreements, commitments or negotiations concerning this option are
superseded. This Agreement may be amended only by another written
agreement between the parties.

By signing the cover sheet of this Agreement, you agree to all of the terms and conditions

described above and in the Plan.

6exv10w22

Exhibit
10.22

Qlik Technologies Inc., Delaware, USA, (the “Holding Company”) owns all shares in QlikTech
International AB, 556472-2691, (the “Borrower”). The Borrower’s present and future subsidiaries are
referred to hereinafter as the “Group Companies.” The Borrower and the Group Companies collectively
are hereinafter referred to as the “Group.” On June 16, 2008, the Holding Company concluded a loan
agreement with Stiftelsen Industrifonden (“IF”), under which IF granted the Holding Company a loan
of SEK 60,000,000 (the “IF-loan”). Under an agreement concluded on the same day, (the “Pledge
Agreement”), the Holding Company has pledged 65% of its shares in the Borrower.

Svenska Handelsbanken (publ) (the “Bank”) has, through its Lund City branch, previously granted
loans to the Borrower totaling SEK 45,000,000. An agreement with certain special terms and
conditions relating to these loans was concluded in March 2007 among the Bank, the Borrower, and
the Holding Company (the “Existing Agreement”).

The Bank and the Borrower have now agreed to replace the current loans with a credit contract with
regard to SEK 120,000,000 (the “Credit”). The Bank (referring here also to its subsidiaries), the
Borrower, and the Holding Company have now agreed in connection therewith to replace the Existing
Agreement with the following

AGREEMENT

	1.	 	The credit shall bear interest at an annual rate equivalent to STIBOR T/N (tomorrow
next) with an added margin of 1.75 percentage points.
	 
	 	 	"STIBOR T/N” means the interest rate published by Reuters on the “SIOR” page under the
heading “FIXING” (or by such other system or other page replacing said system or page) based
on the average of the rates that at around 11 a.m. on each banking day are listed by banks
in Sweden in the interbank market in Stockholm with respect to deposits in kronor, which
rate is applied the following day. If the bank notes at the time that such rate is to be
fixed that such STIBOR-listing is not available, the rate shall correspond instead to the
rate at which the bank can refinance the credit the following day in the interbank market in
Stockholm.
	 
	 	 	Interest shall be calculated according to the exact number of days on the basis of a 360-day
year.

	2.	 	The Borrower shall pay the Bank a fee, in connection with the Credit being activated,
equal to 2.30 percent of the amount of the Credit.

	3.	 	The Credit shall be documented on the Bank’s standard form for credit contracts and the
terms therein shall apply in addition to the terms hereunder.

[initials] 1

 

	4.	 	The Credit shall be available through June 30, 2009.

	5.	 	The Borrower shall, as security for existing and future liabilities toward the Bank,
pledge corporate mortgages with a total value of SEK 120,000,000 with best rights in their
property.

	6.	 	The Borrower shall, at the latest ten days following the expiration of each calendar
month, submit written documents in the form of accounts receivable for the Group, showing
the Bank’s outstanding accounts receivable as at the end of the month.

	7.	 	The Borrower’s use of the Credit may never exceed 80 percent of the total accounts
receivable of the Group at each time.

	8.	 	The Borrower has submitted a forecast to the Bank concerning the financial outcome of
the Group for 2008, attachment A, and undertakes to deliver in advance such forecasts to
the Bank with respect to future accounting years during which the Credit is outstanding.
Further, the Borrower shall deliver to the Bank quarterly reports for the Group (including
profits and loss account and balance sheet) as soon as it is available, however, no later
than 30 days following the end of each calendar quarter, as well as audited annual accounts
for the Group as soon as this is available, however, no later than six months after the end
of each accounting year.

	9.	 	The Borrower undertakes, at the same time as the quarterly report is being delivered to
the Bank under point 8 above, to confirm in writing that the Group’s actual results
following net interest income for each given quarter is no less than the result stated in
attachment A for such given quarter (or the equivalent forecast for a later year) by more
than 10 percent. However, the actual result may be below this level if this is due to a
significant change in a currency exchange rate compared to the previous quarter and the
Borrower together with the said confirmation delivers required documents to the Bank
showing that the currency exchange rate change has impacted such result.

	10.	 	The Holding Company undertakes, during the term of this Agreement, to abstain from
repayment of conditional shareholders’ contributions, dividends and comparable disposal of
the Borrower’s own free capital, over and above what is required for payment of interest
and amortization according to the terms of the IF-loan.
	 
	 	 	Even if a transfer of assets to the Holding Company is permitted under this clause 10, the
Credit may never be used in order to perform such a transfer in terms of liquidity, and the
Holding Company hereby confirms that the Holding Company is aware of this.

[initials] 2

 

	11.	 	The Borrower undertakes not to make any payments to the Holding Company in breach of clause
10 above and never to use the Credit for such payments, even if they are permitted under
said clause.

	12.	 	The Bank has a right to require additional security and/or to reduce the Credit if:

	 	(a)	 	the Bank has not received the documents mentioned in clauses 8 and 9
above on time;
	 
	 	(b)	 	the Credit is being used in excess of what is permitted as per clause 7;
	 
	 	(c)	 	the actual result under clause 8 is below the forecast by more than 10
percent.

	13.	 	The Holding Company undertakes that it shall not without the Bank’s prior written
consent:

	 	(a)	 	transfer ore reduce its shareholding or percentage share of share capital
and votes in the Borrower; or
	 
	 	(b)	 	pledge its shares in the Borrower to a party other than the Bank except
for the pledge under the Pledge Agreement.

	 	 	In addition the Holding Company undertakes to ensure that the current main shareholder of
the Holding Company shall not transfer its shares in the Holding Company to another party.
	 
	14.	 	The Borrower undertakes that it shall not without the Bank’s prior written consent:

	 	(a)	 	take up new credits;
	 
	 	(b)	 	provide or undertake to provide security to any party other than the Bank
in respect of any of its own or another party’s liabilities whatsoever, current or
future, provided that security shall include factoring;
	 
	 	(c)	 	alter the nature of its business;
	 
	 	(d)	 	transfer shares in subsidiaries;
	 
	 	(e)	 	transfer assets (other than in (d) above) to the extent this would have a
negative impact on the Borrower’s ability to perform its duties toward the Bank.

[initials] 3

 

	15.	 	The Borrower undertakes to hire the Bank for the main part of its banking business, such as
leasing/payment by installments, cash flows, pensions, and other services (to the extent
such services are provided on market conditions) and the Borrower undertakes to ensure that
other Group companies do the same.

	16.	 	The Holding Company’s existing and future claims against the Borrower are hereby made
conditional upon the Borrower’s prior full satisfaction of all the Borrower’s current and
future obligations toward the Bank.
	 
	 	 	It follows that the Holding Company may not without the Bank’s prior consent receive any
payment, in the form of capital or interest, with respect to its claims against the
Borrower, until the Borrower has fully satisfied all its current and future obligations to
the Bank and its subsidiaries.
	 
	 	 	The Borrower undertakes not to make any payment to the Holding Company in breach of the
provisions of this clause 16.

	17.	 	If the Borrower and/or the Holding Company, according to the Bank’s assessment, fails
to perform its obligations or undertakings under this Agreement, this shall be deemed to
give rise to such circumstances that give the Bank a right prematurely to cancel the Credit
and the Borrower’s other obligations toward the Bank to be satisfied at a time indicated by
the Bank.

	18.	 	The following is required in order to activate the Credit:

	 	(a)	 	the Bank has received the required documents and security under this
Agreement;
	 
	 	(b)	 	the Borrower has not fallen short in the performance of its payment
obligations to the Bank;
	 
	 	(c)	 	there are no grounds for the premature cancellation of the Credit.

	19.	 	The provisions of clause do not 18 entail any curtailment of the Bank’s right to cancel
the use of credits or cancel credits or to seize pledged property according to the terms of
credit contracts, separate pledge agreements or other documents.

	20.	 	This Agreement shall, unless the Parties agree otherwise in writing, be valid until the
Credit and the Borrower’s other obligations (current as well as future) to the Bank are
fully satisfied.

	21.	 	Swedish law shall govern this Agreement and any dispute shall be resolved by a Swedish
court with the District Court of Lund being the first instance.

[initials] 4

 

	22.	 	When this Agreement has been signed by the parties the Existing Agreement shall cease to
be valid.

This Agreement has been signed in three identical copies, each party having retained one copy.

	 	 	 	 	 
	Place: [handwritten:] Lund 

Date: [handwritten:] 07/03/08

QlikTech International AB

	 	Place: [handwritten:] Lund 

Date: [handwritten:] 07/03/08

Qlik Technologies Inc.
	 	 
	 
	 	 	 	 
	/s/ Authorized Signatory

	 	/s/ Authorized Signatory	 	 
	 

	 	 	 	 
	 
	 	 	 	 
	Place: [handwritten:] Lund
	 	 	 	 
	Date [handwritten:] 07/11/08
	 	 	 	 
	Svenska Handelsbanken AB (publ)
	 	 	 	 
	 
	 	 	 	 
	/s/ Authorized Signatory
 

	 	  
	 	  

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