0001193125-06-056825 Sample Contracts

Form of Director Stock Option Agreement] AMENDED AND RESTATED NOVATEL WIRELESS, INC.
Nonstatutory Stock Option Agreement • March 16th, 2006 • Novatel Wireless Inc • Services-computer programming, data processing, etc. • California

Novatel Wireless, Inc., a Delaware corporation (the “Company”), hereby grants options (the “Options”) to purchase shares of its common stock (the “Shares”) to the individual named below (the “Optionee”). The terms and conditions of the Options are set forth in this agreement (the “Agreement”) and in the Company’s Amended and Restated 2000 Stock Incentive Plan (the “Plan”).

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FORM OF EXECUTIVE OFFICER STOCK OPTION AGREEMENT
Executive Officer Stock Option Agreement • March 16th, 2006 • Novatel Wireless Inc • Services-computer programming, data processing, etc. • California

THIS STOCK OPTION AGREEMENT (this “Agreement”) is entered into by and between Novatel Wireless, Inc., a Delaware corporation (the “Company”), and (“Optionee”), effective as of . Capitalized terms used but not otherwise defined herein shall have the meaning assigned to these terms in the Plan (defined below).

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