BRIDGELINE SOFTWARE, INC.
STOCK OPTION GRANT
OPTIONEE: Ken Galaznik
Bridgeline Software, Inc. (hereinafter called the "Company"), pursuant to its Stock Option Plan adopted August
30, 2000, as amended and restated (hereinafter called the "Plan"), hereby grants to you, the optionee above
named (hereinafter called the "Optionee"), an option to purchase shares of the $.001 par value common stock of
the Company (hereinafter called the "Common Stock"). The options granted will be Non-Statutory Stock
Options as defined in the Plan.
The details of your option are as follows:
1. The total number of shares of Common Stock subject to this option is 25,000. This option shall become
exercisable in three installments, as follows:
2. The term of this option commences on the date hereof and terminates 10 years hereafter on September 20,
2016. This option is not transferable, except at death by will or the laws of descent and distribution, and is
exercisable during your life only by you. No assignment or transfer of the option, or of the rights represented
thereby, whether voluntary or involuntary, by operation of law or otherwise, except by will or the laws of descent
and distribution, shall vest in the assignee or transferee any interest or right herein whatsoever, but immediately
upon any attempt to assign or transfer an option the same shall terminate and be of no force or effect.
3. The exercise price of this option is $3.75 per share.
4. a. You may exercise this option to purchase all or any part of your allotment which has accrued to you, at any
time during the term of this option, but not thereafter, by depositing with the Secretary or Assistant Secretary of
the Company notice in writing, designating the number of shares as to which you are exercising your option,
accompanied by payment in full for such number of shares; provided, however, that not less than 100 shares may
be purchased upon any one exercise of the option granted hereby unless the number of shares purchased a