0000891618-02-003309 Sample Contracts

EXHIBIT 99.3 FORM OF OPTION ASSUMPTION AGREEMENT FOR HAMMERHEAD NETWORKS, INC.
Stock Option Assumption Agreement • July 19th, 2002 • Cisco Systems Inc • Computer communications equipment

As you know, on June 24, 2002 (the "Closing Date") Cisco Systems, Inc. ("Cisco") acquired Hammerhead Networks, Inc. ("Hammerhead") (the "Acquisition"). In the Acquisition, each share of Hammerhead common stock was exchanged for 0.6033926104 of a share of Cisco common stock (the "Exchange Ratio"). On the Closing Date you held one or more outstanding options (the "Hammerhead Options") to purchase shares of Hammerhead Networks, Inc. common stock granted to you under the Hammerhead Networks, Inc. 2000 Omnibus Stock Plan (the "Plan"), each documented with a Stock Option Agreement (the "Option Agreement") issued to you under the Plan. In accordance with the Acquisition, on the Closing Date Cisco assumed all obligations of Hammerhead under the Hammerhead Options. This Agreement evidences the assumption of the Hammerhead Options, including the necessary adjustments to the Hammerhead Options required by the Acquisition.

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STOCK OPTION AGREEMENT BETWEEN HAMMERHEAD NETWORKS, INC. (THE "COMPANY") AND [_________] (THE "OPTIONEE")
Stock Option Agreement • July 19th, 2002 • Cisco Systems Inc • Computer communications equipment • Massachusetts
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