Exhibit 99.3
Amendment to 2000 Stock Option Plan
Paragraph 4 of the FalconStor Software, Inc. 2000 Stock Option Plan shall read
in its entirety as follows:
4. Stock Reserved for the Plan. Subject to adjustment as provided in
Section 7 hereof, a total of 10,662,296 shares of the Company's Common Stock,
$.001 par value per share (the "Stock"), shall be subject to the Plan. The
shares of Stock subject to the Plan shall consist of unissued shares or
previously issued shares held by any Subsidiary or Affiliate of the Company, and
such amount of shares of Stock shall be and is hereby reserved for such purpose.
Any of such shares of Stock that may remain unsold and that are not subject to
outstanding Options at the termination of the Plan shall cease to be reserved
for the purposes of the Plan, but until termination of the Plan the Company
shall at all times reserve a sufficient number of shares of Stock to meet the
requirements of the Plan. Should any Option expire or be canceled prior to its
exercise in full or should the number of shares of Stock to be delivered upon
the exercise in full of an Option be reduced for any reason, the shares of Stock
thereforeto subject to such Options may be subject to future Options under the
Plan.
