FORM OF PROMISE TO GRANT STOCK OPTION(S)Promise to Grant Stock Option(s) • June 25th, 2001 • Resonate Inc • Services-prepackaged software
In exchange for your agreement to cancel certain stock options ("Old Option(s)") you received from Resonate Inc. ("Resonate"), Resonate hereby promises to grant you a stock option or options, as applicable, covering [_________] shares of Resonate's common stock on January 31, 2002 (the "New Option(s)"), which is the same number of shares subject to the options which you tendered for exchange and which were cancelled on July 30, 2001. The exercise price of each New Option will be the closing price of Resonate's common stock as listed on the Nasdaq National Market on January 31, 2002, except as otherwise set forth in the Exchange Offer Documents (as defined below). Each New Option will vest according to the same vesting schedule as the Old Option it replaces, subject to your continued employment with Resonate, as described below. Each New Option will otherwise be subject to the standard terms and conditions under Resonate's 2000 Stock Plan and applicable form of stock option agreement.
