X0202 3 2004-04-21 0 0000075448 NSTOR TECHNOLOGIES INC NSO 0001287871 GRESHAM KENNETH TODD 6190 CORTE DEL CEDRO CARLSBAD CA 92009 1 1 0 0 CEO and President Option to Purchase Common Stock .44 2014-04-21 Common Stock 5750000 D Option to Purchase Common Stock .48 2014-04-21 Common Stock 5750000 D Options vest in equal quarterly installments over the next four years and are subject to acceleration under certain circumstances such as early termination of Employment Agreement without cause. The number of options granted are subject to increase, or decrease, during 2004 based on the occurance of certain dilutive or accretive events to maintain the percentage of the total award at approximately 7% of the Company's outstanding common stock. Based on 110% of the fair market value, as defined in the Employment Agreement, at issuance, of the Company's common stock on the American Stock Exhchange. Based on 120% of the fair market value, as defined in the Employment Agreement, at issuance, of the Company's common stock on the American Stock Exhchange. /s/ Jack Jaiven, Attorney-in-Fact 2004-04-26