X0202 4 2005-03-07 0 0001022652 NOVATEL WIRELESS INC NVTL 0001201621 LEPARULO PETER V 9645 SCRANTON ROAD SUITE 205 SAN DIEGO CA 92121 1 1 0 0 Chief Executive Officer Incentive Stock Option (right to buy) 11.04 2005-03-07 4 A 0 9057 A 2015-03-07 Common Stock 9057 9057 D Non-Qualified Stock Option (right to buy) 11.04 2005-03-07 4 A 0 290943 A 2015-03-07 Common Stock 290943 290943 D This option shall vest over three (3) years from the vesting commencement date, 20% of which shall vest on the six-month anniversary of the vesting commencement date, followed by 30 months of ratable monthly vesting. The vesting commencement date with respect to this option is January 1, 2005. Option granted pursuant to the Novatel Wireless, Inc. Amended and Restated 2000 Stock Incentive Plan. By: Patrick T. Waters For: Peter V. Leparulo 2005-03-09