0001012870-02-002501 Sample Contracts

NETFLIX, INC.
Stock Option Agreement • May 24th, 2002 • Netflix Inc • Services-video tape rental • California

Unless otherwise defined herein, the terms defined in the Plan shall have the same defined meanings in this Option Agreement.

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NETFLIX.COM, INC. EMPLOYEE STOCK OPTION AGREEMENT
Employee Stock Option Agreement • May 24th, 2002 • Netflix Inc • Services-video tape rental • California

This Option is exercisable immediately, in whole or in part; provided, however, that exercise of any unvested Optioned Stock is conditioned upon the Optionee signing a Restricted Stock Purchase Agreement (see Exhibit C-1). The Shares subject to this Option shall vest or be released from the Company’s repurchase option, as set forth in the Restricted Stock Purchase Agreement, according to the following schedule:

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