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1985 Executive Stock Option Plan
COMPAQ COMPUTER CORPORATION
NONQUALIFIED STOCK OPTION AGREEMENT
THIS AGREEMENT, made this [DATE], in Houston, Texas between COMPAQ COMPUTER CORPORATION, a Delaware
corporation (hereinafter called the "Company"), and (hereinafter called "Optionee"):
The Company has adopted the Compaq Computer Corporation 1985 Executive and Key Employee Stock Option Plan (the
"Plan"), which Plan is incorporated herein by reference and made a part of this Agreement.
The Company has determined that it would be in the best interests of the Company and its stockholders to grant the option
provided for herein (the "Option") to Optionee pursuant to the Plan and the terms set forth herein as an inducement to remain in
the service of the Company and as an incentive for increased efforts during such service;
NOW THEREFORE, in consideration of the mutual covenants hereinafter set forth, the parties hereto agree as follows:
1. Grant of the Option. The Company hereby grants to Optionee the right and option to purchase, on the terms and
conditions hereinafter set forth, all or any part of an aggregate of shares of the presently authorized but unissued
Common Stock of the Company (hereinafter called the "Stock"). The purchase price of the Stock subject to this Option shall be
__DOCTEXT__nbsp; per share, which price is not less than the per share fair market value of such Stock as of the date hereof.
2. Exercise of Option.
(a) Providing the conditions of subparagraphs (b), (c), (d), and (e) of this paragraph 2 have been satisfied,
Optionee may exercise this Option to purchase a number of shares of Stock which shall not exceed the difference
between A and B, where
the number of shares subject to this Option multiplied by the appropriate fraction determi