Exhibit 10.38 OPTION AGREEMENT THIS AGREEMENT made as of the 25th day of October, 1999 B E T W E E N: LORAN NETWORK HOLDINGS CORPORATION INC., a corporation incorporated under the laws of Canada (hereinafter called the "COMPANY")Option Agreement • September 14th, 2000 • Peregrine Systems Inc • Services-prepackaged software • Ontario
KEY EMPLOYEE SHARE OPTION AGREEMENT Dated December 1, 1998Key Employee Share Option Agreement • September 14th, 2000 • Peregrine Systems Inc • Services-prepackaged software
This option is in effect only while Leighton Powell is directly employed to the Company or any of its subsidiaries. If Leighton Powell dies while employed by the Company, his estate, personal representative or beneficiary may exercise this option at any time within 90 days after such death.
KEY EMPLOYEE SHARE OPTION AGREEMENT Dated December 1, 1998Share Option Agreement • September 14th, 2000 • Peregrine Systems Inc • Services-prepackaged software
This option is in effect only while Leighton Powell is directly employed to the Company or any of its subsidiaries. If Leighton Powell dies while employed by the Company, his estate, personal representative or beneficiary may exercise this option at any time within 90 days after such death. The number of shares available for purchase will be those which would have become available to Leighton Powell at the time of his death.
KEY EMPLOYEE SHARE OPTION AGREEMENT Dated December 1, 1998Share Option Agreement • September 14th, 2000 • Peregrine Systems Inc • Services-prepackaged software
This option is in effect only while David Levy is directly employed to the Company or any of its subsidiaries. If David Levy dies while employed by the Company, his estate, personal representative or beneficiary may exercise this option at any time within 90 days after such death. The number of shares available for purchase will be those which would have become available to David Levy at the time of his death.
