Mogul Energy International, Inc.
EXHIBIT 10.1
<DOCUMENT>
<TYPE>EX-10.1
<SEQUENCE>2
<FILENAME>ex10_1.htm
<DESCRIPTION>EXHIBIT 10.1
<TEXT>
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      <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><strong>MOGUL
        ENERGY INTERNATIONAL, INC.</strong></font></div>
      <div><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><strong>2007
        STOCK INCENTIVE PLAN</strong></font></div>
      <div>&#160;</div>
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      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">TABLE
        OF
        CONTENTS</font></div>
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              <td width="15%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
              <td valign="top" width="75%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
              <td align="right" valign="top" width="10%">
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;"><u>Page</u></font></div>
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            <tr bgcolor="#cceeff">
              <td width="15%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;Section
                1.&#160;&#160;&#160;</font></td>
              <td align="left" valign="top" width="75%">
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">Purpose</font></div>
              </td>
              <td align="left" valign="top" width="10%">
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">1</font></div>
              </td>
            </tr>
            <tr>
              <td width="15%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
              <td align="left" valign="top" width="75%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
              <td align="left" valign="top" width="10%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
            </tr>
            <tr bgcolor="#cceeff">
              <td width="15%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;Section
                2.&#160;</font></td>
              <td align="left" valign="top" width="75%">
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">Definitions</font></div>
              </td>
              <td align="left" valign="top" width="10%">
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">1</font></div>
              </td>
            </tr>
            <tr>
              <td width="15%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
              <td align="left" valign="top" width="75%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
              <td align="left" valign="top" width="10%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
            </tr>
            <tr bgcolor="#cceeff">
              <td width="15%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;Section
                3.</font></td>
              <td align="left" valign="top" width="75%">
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">Stock
                  Subject to This Plan</font></div>
              </td>
              <td align="left" valign="top" width="10%">
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">3</font></div>
              </td>
            </tr>
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              <td width="15%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
              <td align="left" valign="top" width="75%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
              <td align="left" valign="top" width="10%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
            </tr>
            <tr bgcolor="#cceeff">
              <td width="15%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;Section
                4.</font></td>
              <td align="left" valign="top" width="75%">
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">Administration.</font></div>
              </td>
              <td align="left" valign="top" width="10%">
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">3</font></div>
              </td>
            </tr>
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              <td width="15%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
              <td align="left" valign="top" width="75%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
              <td align="left" valign="top" width="10%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
            </tr>
            <tr bgcolor="#cceeff">
              <td width="15%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;Section
                5.</font></td>
              <td align="left" valign="top" width="75%">
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">Awards
                  and Eligible Participants.</font></div>
              </td>
              <td align="left" valign="top" width="10%">
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">4</font></div>
              </td>
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              <td width="15%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
              <td align="left" valign="top" width="75%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
              <td align="left" valign="top" width="10%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
            </tr>
            <tr bgcolor="#cceeff">
              <td width="15%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;Section
                6.</font></td>
              <td align="left" valign="top" width="75%">
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">Provisions
                  Applicable to All Options</font></div>
              </td>
              <td align="left" valign="top" width="10%">
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">5</font></div>
              </td>
            </tr>
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              <td width="15%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
              <td align="left" valign="top" width="75%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
              <td align="left" valign="top" width="10%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
            </tr>
            <tr bgcolor="#cceeff">
              <td width="15%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;Section
                7.</font></td>
              <td align="left" valign="top" width="75%">
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">Provisions
                  applicable to ISOs Only</font></div>
              </td>
              <td align="left" valign="top" width="10%">
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">6</font></div>
              </td>
            </tr>
            <tr>
              <td width="15%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
              <td align="left" valign="top" width="75%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
              <td align="left" valign="top" width="10%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
            </tr>
            <tr bgcolor="#cceeff">
              <td width="15%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;Section
                8.&#160;&#160;</font></td>
              <td align="left" valign="top" width="75%">
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">Stock
                  Grants.</font></div>
              </td>
              <td align="left" valign="top" width="10%">
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">7</font></div>
              </td>
            </tr>
            <tr>
              <td width="15%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
              <td align="left" valign="top" width="75%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
              <td align="left" valign="top" width="10%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
            </tr>
            <tr bgcolor="#cceeff">
              <td width="15%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;Section
                9.&#160;</font></td>
              <td align="left" valign="top" width="75%">
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">Employment
                  with Related Entities</font></div>
              </td>
              <td align="left" valign="top" width="10%">
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">8</font></div>
              </td>
            </tr>
            <tr>
              <td width="15%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
              <td align="left" valign="top" width="75%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
              <td align="left" valign="top" width="10%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
            </tr>
            <tr bgcolor="#cceeff">
              <td width="15%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;Section
                10.</font></td>
              <td align="left" valign="top" width="75%">
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">Termination
                  of Relationship with Company</font></div>
              </td>
              <td align="left" valign="top" width="10%">
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">8</font></div>
              </td>
            </tr>
            <tr>
              <td width="15%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
              <td align="left" valign="top" width="75%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
              <td align="left" valign="top" width="10%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
            </tr>
            <tr bgcolor="#cceeff">
              <td width="15%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;Section
                11.</font></td>
              <td align="left" valign="top" width="75%">
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">Awards
                  Not Transferable</font></div>
              </td>
              <td align="left" valign="top" width="10%">
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">10</font></div>
              </td>
            </tr>
            <tr>
              <td width="15%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
              <td align="left" valign="top" width="75%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
              <td align="left" valign="top" width="10%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
            </tr>
            <tr bgcolor="#cceeff">
              <td width="15%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;Section
                12.</font></td>
              <td align="left" valign="top" width="75%">
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">Changes
                  in Company&#8217;s Capital Structure</font></div>
              </td>
              <td align="left" valign="top" width="10%">
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">10</font></div>
              </td>
            </tr>
            <tr>
              <td width="15%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
              <td align="left" valign="top" width="75%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
              <td align="left" valign="top" width="10%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
            </tr>
            <tr bgcolor="#cceeff">
              <td width="15%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;Section
                13.</font></td>
              <td align="left" valign="top" width="75%">
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">Securities
                  Regulation and Other Required Approvals</font></div>
              </td>
              <td align="left" valign="top" width="10%">
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">11</font></div>
              </td>
            </tr>
            <tr>
              <td width="15%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
              <td align="left" valign="top" width="75%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
              <td align="left" valign="top" width="10%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
            </tr>
            <tr bgcolor="#cceeff">
              <td width="15%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;Section
                14.&#160;</font></td>
              <td align="left" valign="top" width="75%">
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">Withholding
                  Tax Requirement</font></div>
              </td>
              <td align="left" valign="top" width="10%">
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">12</font></div>
              </td>
            </tr>
            <tr>
              <td width="15%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
              <td align="left" valign="top" width="75%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
              <td align="left" valign="top" width="10%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
            </tr>
            <tr bgcolor="#cceeff">
              <td width="15%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;Section
                15.</font></td>
              <td align="left" valign="top" width="75%">
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">Status
                  of Shareholder</font></div>
              </td>
              <td align="left" valign="top" width="10%">
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">13</font></div>
              </td>
            </tr>
            <tr>
              <td width="15%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
              <td align="left" valign="top" width="75%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
              <td align="left" valign="top" width="10%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
            </tr>
            <tr bgcolor="#cceeff">
              <td width="15%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;Section
                16.</font></td>
              <td align="left" valign="top" width="75%">
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">Rights
                  and Relationships</font></div>
              </td>
              <td align="left" valign="top" width="10%">
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">13</font></div>
              </td>
            </tr>
            <tr>
              <td width="15%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
              <td align="left" valign="top" width="75%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
              <td align="left" valign="top" width="10%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
            </tr>
            <tr bgcolor="#cceeff">
              <td width="15%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;Section
                17.</font></td>
              <td align="left" valign="top" width="75%">
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">Amendment
                  and Termination</font></div>
              </td>
              <td align="left" valign="top" width="10%">
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">13</font></div>
              </td>
            </tr>
            <tr>
              <td width="15%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
              <td align="left" valign="top" width="75%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
              <td align="left" valign="top" width="10%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
            </tr>
            <tr bgcolor="#cceeff">
              <td width="15%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;Section
                18.</font></td>
              <td align="left" valign="top" width="75%">
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">Applicable
                  Law</font></div>
              </td>
              <td align="left" valign="top" width="10%">
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">14</font></div>
              </td>
            </tr>
            <tr>
              <td width="15%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
              <td align="left" valign="top" width="75%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
              <td align="left" valign="top" width="10%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
            </tr>
            <tr bgcolor="#cceeff">
              <td width="15%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;Section
                19.&#160;</font></td>
              <td align="left" valign="top" width="75%">
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">Effectiveness
                  of This Plan</font></div>
              </td>
              <td align="left" valign="top" width="10%">
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">14</font></div>
              </td>
            </tr>

        </table>
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      <div><br>
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            <div style="WIDTH: 100%; TEXT-ALIGN: left">
            </div>
            <div style="WIDTH: 100%; TEXT-ALIGN: center">
              <hr style="COLOR: black" noshade size="2">
            </div>
          </div>
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            </div>
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        </div>
      </div>
      <div>&#160;</div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><strong>MOGUL
        ENERGY INTERNATIONAL, INC.</strong></font></div>
      <div><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><strong>2007
        STOCK INCENTIVE PLAN</strong></font></div>
      <div><br></div>
      <div><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><strong>Section
        1.<font id="TAB2" style="LETTER-SPACING: 9pt;">&#160;&#160;&#160;</font>&#160;</strong><strong><u>Purpose</u></strong><strong><u>.</u></strong>&#160;&#160;The
        purpose of this Mogul Energy International, Inc. 2007 Stock Incentive Plan
        (this
&#8220;<strong><em>Plan</em></strong>&#8221;) is to provide a means for Mogul Energy
        International, Inc. (the &#8220;<strong><em>Company</em></strong>&#8221;) and related
        entities to continue to attract, motivate and retain management, key employees,
        consultants and other independent contractors, and to provide these individuals
        with greater incentive for their service to the Company (and related entities)
        by linking their interests in the Company&#8217;s success with those of the Company
        and its shareholders.&#160;&#160;The incentives will be in the form of options
        to purchase shares of the Company&#8217;s common stock and other awards of the
        Company&#8217;s common stock.</font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><strong><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman, serif;">Section
        2.<font id="TAB2" style="LETTER-SPACING: 9pt;">&#160;&#160;&#160;</font>&#160;</font><u>Definitions</u></strong></font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><strong><u>.</u></strong>&#160;&#160;When
        used in this Plan the following terms are defined as set forth
        below:</font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><strong>&#8220;Administrator&#8221;</strong>
        has the meaning provided in Section 4.</font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">&#8220;<strong>Award</strong>&#8221;
        shall mean a grant of an Option or Restricted Stock.</font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">&#8220;<strong>Award
        Agreement</strong>&#8221; shall mean a written agreement that details the terms and
        conditions of a particular Award.</font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><strong>&#8220;Board&#8221;</strong>
        means the Board of Directors of the Company.</font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><strong>&#8220;Capitalization
        Change&#8221;</strong> has the meaning provided in Section 12.1.</font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><strong>&#8220;Cause&#8221;</strong>
        has the meaning provided in Section 10.1.2.</font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><strong>&#8220;Code&#8221;</strong>
        means the Internal Revenue Code of 1986, as amended.</font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><strong>&#8220;Common
        Stock&#8221;</strong> has the meaning provided in Section 3.</font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><strong>&#8220;Company&#8221;</strong>
        means Mogul Energy International, Inc., a Delaware corporation.</font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><strong>&#8220;Effective
        Date&#8221;</strong> has the meaning provided in Section 19.</font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><strong>&#8220;Eligible
        Participants&#8221;</strong> has the meaning provided in Section 5.2.</font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><strong>&#8220;Exchange
        Act&#8221;</strong> means the Securities Exchange Act of 1934, as
        amended.</font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><strong>&#8220;Exercise
        Price&#8221;</strong> means the amount to be paid by an Optionee to exercise an
        Option.</font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><strong>&#8220;Fair
        Market Value&#8221;</strong> of a share of Common Stock is the fair market value
        established in good faith by the Administrator, unless one of the following
        applies: (a)&#160;If the Common Stock is listed on the Nasdaq National Market,
        then the Fair Market Value is the closing sales price for the Common Stock
        as
        recorded by the Nasdaq National Market for the immediately preceding trading
        day; (b)&#160;if the Common Stock is listed on the New York Stock Exchange or
        the American Stock Exchange, then the Fair Market Value is the closing sales
        price for the Common Stock as such price is officially quoted in the composite
        tape of transactions on such exchange for the immediately preceding trading
        day;
        (c)&#160;if the Common Stock is publicly traded but not on one either the Nasdaq
        National Market, New York Stock Exchange, or the American Stock Exchange,
        then
        the Fair Market Value is the closing sales price for the Common Stock as
        such
        price is officially listed on the NASD Over the Counter Bulletin Board System,
        or other applicable or successor system, for the immediately preceding trading
        day; or (d)&#160;if the Common Stock is publicly traded but there is no reported
        closing sales price on the applicable exchange or system for the date in
        question, then such price on the last preceding date for which a closing
        sales
        price exists shall be determinative of Fair Market Value.</font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt" align="left">&#160;</div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt" align="left">
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            <div style="WIDTH: 100%; TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-SIZE: 8pt;">PAGE
              1</font></div>
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      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt" align="left">&#160;</div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">The
        Company acknowledges that Code &#167; 409A generally applies to deferred
        compensation, but provides an exception for stock options with an exercise
        price
        no less than the fair market value of the underlying stock as of the time
        of
        grant.&#160;&#160;To satisfy the applicable exception, &#8220;Fair Market Value&#8221; under
        this Plan is intended to satisfy the standards of fair market value for purposes
        of Code &#167; 409A.</font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><strong>&#8220;Grant
        Agreement&#8221;</strong> means a written agreement that details the terms and
        conditions of a particular Stock Grant.</font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><strong>&#8220;Grant
        Date&#8221;</strong> means the date on which the Administrator completes the corporate
        action relating to the grant of an Option and all conditions precedent to
        the
        grant have been satisfied, provided that conditions relating to exercisability
        or vesting of an Option shall not defer the Grant Date.</font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><strong>&#8220;Grantee&#8221;
        </strong>means an individual or entity who has received a Stock Grant under
        this
        Plan.</font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><strong>&#8220;ISO&#8221;</strong>
        or &#8220;Incentive Stock Option&#8221; has the meaning provided in Section
        5.1.</font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><strong>&#8220;NQSO&#8221;</strong>
        or &#8220;Nonqualified Stock Option&#8221; has the meaning provided in
        Section&#160;5.1.</font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><strong>&#8220;Option&#8221;</strong>
        means an option granted pursuant to this Plan for the purchase of shares
        of
        Common Stock.</font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><strong>&#8220;Option
        Agreement&#8221;</strong> means a written agreement that details the terms and
        conditions of a particular Option.</font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><strong>&#8220;Optionee&#8221;</strong>
        means an individual or entity who has received an Option under this
        Plan.</font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><strong>&#8220;Plan&#8221;</strong>
        means this Mogul Energy International, Inc. 2007 Stock Incentive
        Plan.</font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><strong>&#8220;Related
        Entity&#8221;</strong> means any entity that, directly or indirectly, is in control
        of, or is controlled by, or under common control with, the Company.</font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt" align="left">&#160;</div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt" align="left">
        <div id="PGBRK" style="MARGIN-LEFT: 0pt; WIDTH: 100%; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
          <div id="FTR">
            <div id="GLFTR" style="WIDTH: 100%" align="left">
            </div>
          </div>
          <div id="PN" style="PAGE-BREAK-AFTER: always">
            <div style="WIDTH: 100%; TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-SIZE: 8pt;">PAGE
              2</font></div>
            <div style="WIDTH: 100%; TEXT-ALIGN: center">
              <hr style="COLOR: black" noshade size="2">
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            </div>
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        </div>
      </div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt" align="left">&#160;</div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><strong>&#8220;Sales
        Event&#8221;</strong> has the meaning provided in Section 12.2.1.</font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><strong>&#8220;Securities
        Act&#8221;</strong> means the Securities Act of 1933, as amended.</font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><strong>&#8220;Stock
        Grant&#8221;</strong> means a grant pursuant to this Plan of one or more shares of
        Common Stock subject to such terms and conditions as the applicable Grant
        Agreement may provide.</font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><strong>&#8220;Total
        Disability&#8221;</strong> has the meaning provided in Section 10.2.</font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><strong>&#8220;Vesting
        Start Date&#8221;</strong> means the date designated in the applicable Award
        Agreement.&#160;&#160;If no Vesting Start Date is designated, the Vesting Start
        Date will be the Grant Date.</font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><strong><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman, serif;">Section
        3.<font id="TAB2" style="LETTER-SPACING: 9pt;">&#160;&#160;&#160;</font>&#160;</font><u>Stock
        Subject to This Plan</u></strong></font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><strong>.</strong>&#160;&#160;The
        stock issuable under this Plan is the Company&#8217;s Common Stock, with voting
        rights, either authorized but unissued or reacquired by the
        Company.</font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><strong>3.1&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;Amount</strong></font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><strong>.</strong>&#160;&#160;Subject
        to adjustment under Section 12.1, the maximum amount of Common Stock that
        may be
        issued for Awards under this Plan is<strong>&#160;</strong>4,000,000 shares, as
        such Common Stock was constituted on the Effective Date.</font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><strong>3.2&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;Returned
        Shares</strong></font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><strong>.</strong>&#160;&#160;If
        any outstanding Option expires, or is exchanged, canceled or terminated for
        any
        reason without having been exercised or realized in full, or all or part
        of a
        Stock Grant is forfeited because the Grantee terminates employment or other
        services with the Company prior to satisfying the applicable vesting schedule,
        then the unpurchased, forfeited or unissued shares subject to such Awards
        will
        again be available for issuance under this Plan.&#160;&#160;If the Company
        repurchases shares of Common Stock issued pursuant to an Award, then the
        repurchased shares will not be available again for issuance under this Plan,
        unless the shares relate to an Option (or portion of an Option) that was
        exercised prior to becoming vested, which shares are then repurchased by
        the
        Company, for the Optionee&#8217;s Exercise Price, in conjunction with the Optionee
        terminating employment or services with the Company prior to satisfaction
        of the
        underlying vesting schedule, in which case the repurchased shares will again
        be
        available for issuance under this Plan; provided, that the aggregate number
        of
        shares that may be issued upon the exercise of ISOs will in no event exceed
        the
        maximum amount in Section 3.1, subject to adjustment from time to time as
        provided in Section 12.1.</font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><strong><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman, serif;">Section
        4.<font id="TAB2" style="LETTER-SPACING: 9pt;">&#160;&#160;&#160;</font>&#160;</font><u>Administration.</u></strong></font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><strong>4.1&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;Administrator</strong></font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><strong>.</strong>&#160;&#160;The
        Board will administer this Plan, except to the extent that it delegates
        administrative responsibilities to a committee or subcommittee.&#160;&#160;The
        body charged with administering the Plan is referred to as the
&#8220;Administrator.&#8221;&#160;&#160;Notwithstanding the delegation of administrative
        authority, the Board has exclusive authority to (a)&#160;amend or terminate this
        Plan as provided in Section 17, and (b)&#160;remove members from and add members
        to a committee or subcommittee acting as the Administrator.&#160;&#160;The
        Administrator may further delegate administrative duties to those officers
        and
        managers of the Company as it so determines.</font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt" align="left">&#160;</div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt" align="left">
        <div id="PGBRK" style="MARGIN-LEFT: 0pt; WIDTH: 100%; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
          <div id="FTR">
            <div id="GLFTR" style="WIDTH: 100%" align="left">
            </div>
          </div>
          <div id="PN" style="PAGE-BREAK-AFTER: always">
            <div style="WIDTH: 100%; TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-SIZE: 8pt;">PAGE
              3</font></div>
            <div style="WIDTH: 100%; TEXT-ALIGN: center">
              <hr style="COLOR: black" noshade size="2">
            </div>
          </div>
          <div id="HDR">
            <div id="GLHDR" style="WIDTH: 100%" align="right">
            </div>
          </div>
        </div>
      </div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt" align="left">&#160;</div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><strong>4.2&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;Procedures</strong></font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><strong>.</strong>&#160;&#160;The
        Administrator may hold meetings at such times and places as it determines,
        and
        from time to time adopt and amend rules and regulations relating to the
        administration of this Plan, provided that absent the adoption of any formal
        rules, the acts of a majority of the members of the Administrator at a meeting,
        or acts approved in writing by all Administrator members, are valid acts
        of the
        Administrator.</font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><strong>4.3&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;Responsibilities</strong></font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><strong>.</strong>&#160;&#160;Except
        as stated elsewhere in this Plan, the Administrator has full discretionary
        authority to determine all matters relating to Awards, including but not
        limited
        to (a)&#160;the selection of Eligible Participants to receive Awards,
        (b)&#160;the number of shares subject to each Award, (c)&#160;the Exercise Price
        to be paid for any Option, (d)&#160;any vesting or forfeiture schedule,
        (e)&#160;the acceleration of the exercise date, and (f)&#160;the extension of
        the exercise period.&#160;&#160;In exercising its authority to set the terms and
        conditions of an Award, and subject only to the limits of applicable law,
        the
        Administrator shall be under no obligation or duty to treat similarly situated
        Optionees or Grantees in the same manner, and any action taken by the
        Administrator with respect to the grant of an Award to one individual shall
        in
        no way obligate the Administrator to take the same or similar action with
        respect to any other individual.&#160;&#160;The Administrator may exercise its
        discretion in a manner such that Awards granted to individuals who are foreign
        nationals or are employed outside the United States contain terms and conditions
        that are different from the provisions otherwise anticipated in this Plan,
        but
        which are consistent with the tax and other laws of applicable foreign
        jurisdictions and consistent with the Company&#8217;s objectives in establishing this
        Plan.</font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><strong>4.4&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;Plan
        Construction and Interpretation</strong></font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><strong>.</strong>&#160;&#160;Subject
        to Section 4.5, the Administrator may correct any defect, supply any omission,
        or reconcile any inconsistency (a)&#160;within this Plan, (b)&#160;between this
        Plan and any related agreement, or (c)&#160;between this Plan and any rule or
        regulation promulgated under this Plan, in the manner and to the extent the
        Administrator deems appropriate to carry out this Plan.&#160;&#160;The
        Administrator&#8217;s interpretation or construction of any such Plan provision,
        related agreement, rule or regulation shall be final, conclusive and binding
        on
        all interested parties.</font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><strong>4.5&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;Amendment
        of Awards</strong></font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><strong>.</strong>&#160;&#160;The
        Administrator may modify or amend outstanding Awards granted under this
        Plan.&#160;&#160;The modification or amendment of an outstanding Award shall
        not, without the consent of the Optionee or Grantee, impair, diminish or
        terminate any of the rights of the Optionee or Grantee or any of the obligations
        of the Company under the Award, except as otherwise provided in this Plan,
        or as
        required to comply with applicable law.&#160;&#160;Unless the Optionee agrees
        otherwise, any changes or adjustments made to outstanding ISOs granted under
        this Plan will be made in a manner so as not to constitute a &#8220;modification,&#8221; as
        defined in Code &#167; 424(h), and so as not to cause any ISO to fail to continue to
        qualify under Code &#167; 422(b).</font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><strong><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman, serif;">Section
        5.<font id="TAB2" style="LETTER-SPACING: 9pt;">&#160;&#160;&#160;</font>&#160;</font><u>Awards and
        Eligible Participants.</u></strong></font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><strong>5.1&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;Types</strong></font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><strong>.</strong>&#160;&#160;Subject
        to Section 4, the Administrator may, from time to time, grant under this
        Plan
        (i)&#160;incentive stock options (also referred to as &#8220;ISOs&#8221;), as defined in
        Code &#167;&#160;422, (ii)&#160;options that do not qualify as ISOs (referred to as
&#8220;nonqualified stock options&#8221; or &#8220;NQSOs&#8221;), or (iii)&#160;Stock
        Grants.&#160;&#160;ISOs, NQSOs and Stock Grants may be granted singly or in
        combination.</font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt" align="left">&#160;</div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt" align="left">
        <div id="PGBRK" style="MARGIN-LEFT: 0pt; WIDTH: 100%; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
          <div id="FTR">
            <div id="GLFTR" style="WIDTH: 100%" align="left">
            </div>
          </div>
          <div id="PN" style="PAGE-BREAK-AFTER: always">
            <div style="WIDTH: 100%; TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-SIZE: 8pt;">PAGE
              4</font></div>
            <div style="WIDTH: 100%; TEXT-ALIGN: center">
              <hr style="COLOR: black" noshade size="2">
            </div>
          </div>
          <div id="HDR">
            <div id="GLHDR" style="WIDTH: 100%" align="right">
            </div>
          </div>
        </div>
      </div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt" align="left">&#160;</div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><strong>5.2&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;Eligible
        Participants</strong></font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><strong>.</strong>&#160;&#160;The
        Administrator, as it determines from time to time, may grant Awards to officers,
        directors and employees of the Company and its Related Entities.&#160;&#160;The
        Administrator may also grant Awards to consultants, agents, advisors and
        independent contractors who provide services to the Company or its Related
        Entities, or both, provided that such Award recipients (a)&#160;are natural
        persons or an alter-ego entity, (b)&#160;render bona fide services that are not
        in connection with the offer and sale of the Company&#8217;s securities in a
        capital-raising transaction and (c)&#160;render bona fide services that do not
        directly or indirectly promote or maintain a market for the Company&#8217;s
        securities.&#160;&#160;Only common law employees are eligible to receive
        ISOs.</font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><strong>5.3&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;Terms
        and Conditions</strong></font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><strong>.</strong>&#160;&#160;The
        terms and conditions of Options granted under this Plan need not be identical
        in
        any respect, even when grants are made simultaneously or to persons with
        the
        same or similar status.</font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><strong><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman, serif;">Section
        6.<font id="TAB2" style="LETTER-SPACING: 9pt;">&#160;&#160;&#160;</font>&#160;</font><u>Provisions
        Applicable to All Options</u></strong></font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><strong>.</strong>&#160;&#160;The
        provisions of this Section 6 apply to both ISOs and NQSOs.</font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><strong>6.1&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;Option
        Agreement</strong></font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><strong>.</strong>&#160;&#160;Each
        Option will be evidenced by an Option Agreement that incorporates this Plan
        by
        reference and describes the terms and conditions of the Option.&#160;&#160;In
        particular, the Option Agreement will specify the number of shares of Company
        Stock that may be purchased, whether the Option is an ISO or a NQSO, the
        Option&#8217;s expiration date, the schedule (if any) under which the Option may be
        exercised, the Exercise Price, and any other terms, conditions, restrictions,
        representations or warranties required by the Administrator.&#160;&#160;The
        maximum amount of shares represented under an Option that may be granted
        to any
        employee under this Plan shall not exceed 4,000,000 shares during any one-year
        period.</font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><strong>6.2&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;Exercise
        Price</strong></font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><strong>.</strong>&#160;&#160;The
        Administrator will determine the Exercise Price of NQSOs and ISOs, provided
        that
        subject to the requirements of Section 7, the per share Exercise Price with
        respect to ISOs and NQSOs will be at least the Fair Market Value of a share
        of
        the Common Stock as of the Grant Date.&#160;&#160;In addition, unless the Option
        otherwise complies with Code &#167;409A, in order to comply with an exception
        available under Code &#167; 409A, an Option will have an Exercise Price that is no
        less than the Fair Market Value of a share of the Common Stock as of the
        Grant
        Date, subject to special rules applicable to an exchange of Options pursuant
        to
        a Sales Event.</font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><strong>6.3&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;Term</strong></font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><strong>.</strong>&#160;&#160;The
        term of each Option will be five years from the Grant Date, unless a shorter
        period is required under Section 7 or the Administrator establishes a shorter
        period of time.</font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><strong>6.4&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;Vesting</strong></font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><strong>.</strong>&#160;&#160;To
        ensure the Company achieves the purposes and receives the benefits contemplated
        in this Plan, any Option granted under this Plan shall, unless the condition
        of
        this Section 6.4 is waived or modified in the Option Agreement or by action
        of
        the Administrator, be exercisable according to the following
        schedule:</font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
      <div align="center">
        <table cellpadding="0" cellspacing="0" width="80%">

            <tr>
              <td valign="bottom" width="45%" style="BORDER-BOTTOM: black 2px solid">
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">Period
                  of Optionee&#8217;s Continuous</font></div>
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">Service
                  Relationship With the</font></div>
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">Company
                  or Related Entity</font></div>
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">From
                  The Vesting Start Date</font></div>
              </td>
              <td width="10%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">&#160;</font></td>
              <td valign="top" width="45%" style="BORDER-BOTTOM: black 2px solid">
                <div>&#160;</div>
                <div>&#160;</div>
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">Portion
                  of Total Option</font></div>
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">That
                  Is Exercisable</font></div>
              </td>
            </tr>
            <tr bgcolor="#cceeff">
              <td align="left" valign="top" width="45%">
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">Less
                  than 1 year</font></div>
              </td>
              <td width="10%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">&#160;</font></td>
              <td align="right" valign="top" width="45%">
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">20%</font></div>
              </td>
            </tr>
            <tr>
              <td align="left" valign="top" width="45%">
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">3
                  months</font></div>
              </td>
              <td width="10%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">&#160;</font></td>
              <td align="right" valign="top" width="45%">
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">40%</font></div>
              </td>
            </tr>
            <tr bgcolor="#cceeff">
              <td align="left" valign="top" width="45%">
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">6
                  months</font></div>
              </td>
              <td width="10%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">&#160;</font></td>
              <td align="right" valign="top" width="45%">
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">60%</font></div>
              </td>
            </tr>
            <tr>
              <td align="left" valign="top" width="45%">
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">9
                  months</font></div>
              </td>
              <td width="10%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">&#160;</font></td>
              <td align="right" valign="top" width="45%">
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">80%</font></div>
              </td>
            </tr>
            <tr bgcolor="#cceeff">
              <td align="left" valign="top" width="45%">
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">1
                  year</font></div>
              </td>
              <td width="10%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">&#160;</font></td>
              <td align="right" valign="top" width="45%">
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">100%</font></div>
              </td>
            </tr>

        </table>
      </div>
      <div><br>
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          <div id="FTR">
            <div id="GLFTR" style="WIDTH: 100%" align="left">
            </div>
          </div>
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            <div style="WIDTH: 100%; TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-SIZE: 8pt;">PAGE
              5</font></div>
            <div style="WIDTH: 100%; TEXT-ALIGN: center">
              <hr style="COLOR: black" noshade size="2">
            </div>
          </div>
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            </div>
          </div>
        </div>
      </div>
      <div>&#160;</div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">The
        Administrator may, in its complete discretion, provide in an Option Agreement
        (or addendum to a previously issued Option Agreement) for the Optionee&#8217;s ability
        to exercise his or her Option prior to vesting, provided that the Company
        may
        require that such shares be held in escrow until the Optionee satisfies the
        applicable vesting schedule, that such shares be subject to a requirement
        that
        they may not be sold, gifted or otherwise transferred prior to vesting, and
        that
        if the Optionee terminates employment or other service relationship with
        the
        Company prior to satisfaction of the applicable vesting schedule, then the
        Company may (but will not be obligated to) repurchase the shares that relate
        to
        the unvested portion of the Option at the time of termination, with the
        Company&#8217;s repurchase price being the Optionee&#8217;s original Exercise
        Price.&#160;&#160;In connection with an Optionee&#8217;s exercise of an Option prior
        to vesting, the Optionee may file an election under Code &#167; 83(b)&#160;to
        accelerate the tax consequence of the exercise.</font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><strong>6.5&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;Exercise</strong></font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><strong>.</strong>&#160;&#160;The
        Recipient may exercise Options by delivering written notice to the Administrator
        of the number of shares sought to be exercised, together with payment of
        the
        Exercise Price, and any applicable taxes.&#160;&#160;The Administrator may
        specify the form of such notice and the manner of its
        delivery.&#160;&#160;Subject to any vesting schedule in the Option Agreement and
        to any additional holding period required by law, the Optionee may exercise
        each
        Option in whole or in part, except that only whole shares of Common Stock
        will
        be issued pursuant to the exercise of any Option.</font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><strong>6.6&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;Payment
        of Exercise Price</strong></font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><strong>.</strong>&#160;&#160;An
        Optionee must pay the Exercise Price in full at the time of
        exercise.&#160;&#160;Payment of the Exercise Price shall be in cash, by bank
        certified or cashier&#8217;s check or by personal check (unless at the time of
        exercise the Administrator in a particular case determines not to accept
        a
        personal check).&#160;&#160;The Administrator may determine in its complete
        discretion, as of the Grant Date for ISOs or at any time before exercise
        for
        NQSOs, that alternative forms of payment will be permitted, including but
        not
        limited to installment payments on such terms as the Administrator may determine
        or various cashless exercise arrangements.&#160;&#160;Unless otherwise provided
        by the Administrator, an Option may not be exercised by tender to the Company,
        or attestation to the ownership, of shares of Common Stock unless the shares
        either have been owned by the Optionee for more than six months (and were
        not
        used for another Option exercise by attestation during that period) or were
        not
        acquired, directly or indirectly, from the Company.</font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><strong><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman, serif;">Section
        7.<font id="TAB2" style="LETTER-SPACING: 9pt;">&#160;&#160;&#160;</font>&#160;</font><u>Provisions
        applicable to ISOs Only</u></strong></font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><strong>.</strong>&#160;&#160;ISOs
        are subject to the following terms and conditions, in addition to the provisions
        of Section 6:</font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><strong>7.1&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;Greater
        than 10% Shareholders</strong></font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><strong>.</strong>&#160;&#160;If
        the Company grants ISOs to an employee who owns more than 10% of the total
        combined voting power of all classes of stock of the Company, with stock
        ownership to be determined in light of the attribution rules set forth in
        Code &#167;
424(d), the term of such ISO may not exceed five years and the Exercise Price
        may be not less than 110% of the Fair Market Value of the Common Stock on
        the
        ISO&#8217;s Grant Date.&#160;&#160;To the extent an Option purports to be an ISO but
        exceeds these limits, the Option will be deemed to be a NQSO.</font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt" align="left">&#160;</div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt" align="left">
        <div id="PGBRK" style="MARGIN-LEFT: 0pt; WIDTH: 100%; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
          <div id="FTR">
            <div id="GLFTR" style="WIDTH: 100%" align="left">
            </div>
          </div>
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              6</font></div>
            <div style="WIDTH: 100%; TEXT-ALIGN: center">
              <hr style="COLOR: black" noshade size="2">
            </div>
          </div>
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            <div id="GLHDR" style="WIDTH: 100%" align="right">
            </div>
          </div>
        </div>
      </div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt" align="left">&#160;</div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><strong>7.2&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;Limitation
        on Value</strong></font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><strong>.</strong>&#160;&#160;The
        aggregate Fair Market Value of all shares available under ISOs (under this
        Plan
        and any other incentive stock option plan of the Company or a Related Entity)
        that are exercisable for the first time in any calendar year may not exceed
        $100,000. For purposes of this limit, Fair Market Value is measured as of
        the
        Grant Date of the applicable Option. To the extent Options are granted as
        ISOs
        but exceed the $100,000 threshold, the Options beyond the $100,000 threshold
        (starting with the most recent grants) shall be treated as NQSOs.&#160;&#160;If
        the Code is amended to provide for a different limitation from that set forth
        in
        this Section 7.2, then that different limitation will be deemed incorporated
        into this Plan, effective as of the date and with respect to those Options
        as
        dictated by the applicable amendment to the Code.&#160;&#160;If an Option is
        treated as possessing both ISOs and NQSOs by virtue of the limitation of
        this
        Section 7.2, then upon exercise the Optionee may designate whether the portion
        being exercised constitutes ISOs or NQSOs (or both).&#160;&#160;In the absence
        of a designation by the Optionee, the Optionee will be deemed to have first
        exercised the ISO portion of the Option.&#160;&#160;The Plan Administrator may
        direct that separate certificates be issued to reflect the exercise of ISOs
        versus the exercise of NQSOs.</font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><strong><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman, serif;">Section
        8.<font id="TAB2" style="LETTER-SPACING: 9pt;">&#160;&#160;&#160;</font>&#160;</font><u>Stock
        Grants</u>.</strong></font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><strong>8.1&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;Grants
        of Stock</strong></font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><strong>.&#160;&#160;</strong>The
        Administrator is authorized to make Stock Grants (or Awards denominated in
        Common Stock) on such terms and conditions and subject to such restrictions,
        if
        any, as the Administrator determines in its sole discretion, as set forth
        in a
        corresponding Grant Agreement.&#160;&#160;The terms, conditions and restrictions
        that the Administrator has the power to determine includes, without limitation,
        the manner in which shares subject to Stock Grants are held during the periods
        they are subject to restrictions and the circumstances under which forfeiture
        of
        the underlying Shares shall occur by reason of termination of the Grantee&#8217;s
        employment or other service relationship.</font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><strong>8.2&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;Issuance
        of Shares</strong></font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><strong>.&#160;&#160;</strong>Upon
        the satisfaction of any terms, conditions and restrictions prescribed in
        connection with a Stock Grant, or upon the Grantee&#8217;s release from any terms,
        conditions and restrictions, as determined by the Administrator, the Company
        will release, as soon as practicable, to the Grantee, or in the case of the
        Grantee&#8217;s death, to the personal representative of the Grantee&#8217;s estate or other
        individual or entity as an appropriate court directs, the appropriate number
        of
        shares of Common Stock. At the time the Award is made, the Administrator
        will
        determine whether the certificates for unvested shares of Common Stock will
        be
        held is escrow, pending vesting, or delivered to the Grantee for holding,
        but
        containing a legend that outlines the potential risk of forfeiture, as
        contemplated by Section 13.4.</font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><strong>8.3&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;Waiver
        of Restrictions</strong></font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><strong>.&#160;&#160;</strong>Notwithstanding
        any other provision of this Plan, the Administrator may, in its sole discretion,
        waive forfeiture restrictions and any other terms, conditions or limitations
        on
        any Stock Grant under such circumstances and subject to such terms and
        conditions as the Administrator deems appropriate.</font></div><br>
      <div id="PGBRK" style="MARGIN-LEFT: 0pt; WIDTH: 100%; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
        <div id="FTR">
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          </div>
        </div>
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            7</font></div>
          <div style="WIDTH: 100%; TEXT-ALIGN: center">
            <hr style="COLOR: black" noshade size="2">
          </div>
        </div>
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          </div>
        </div>
      </div><br>
      <div><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><strong><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman, serif;">Section
        9.</font><font id="TAB2" style="LETTER-SPACING: 9pt;">&#160;&#160;&#160;</font>&#160;<u>Employment
        with
        Related Entities</u></strong></font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><strong>.</strong>&#160;&#160;For
        purposes of this Plan, being engaged in employment or other service relationship
        with a Related Entity constitutes employment or other service relationship
        with
        the Company.&#160;&#160;In particular, the provisions of Section 10, below,
        shall apply by using the terms &#8220;Company&#8221; and &#8220;Related Entity&#8221;
interchangeably.&#160;&#160;A transfer between the Company and one or more
        Related Entities will not constitute a termination of employment or other
        service relationship with the Company (provided that pursuant to Section
        10.4, a
        change in status from an employee to a non-employee worker will constitute
        a
        termination of employment for federal tax purposes with respect to
        ISOs).</font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><strong><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman, serif;">Section
        10.&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><u>Termination
        of Relationship with Company</u></strong></font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><strong>.</strong>&#160;&#160;Except
        as provided otherwise in the applicable Award Agreement, all Awards that
        are
        unvested or still subject to forfeiture restrictions automatically expire
        upon
        termination of an Optionee&#8217;s or Grantee&#8217;s employment or other service
        relationship with the Company for any reason.&#160;&#160;And except as provided
        otherwise in the applicable Award Agreement, the effect of a termination
        of
        employment or other service relationship upon vested and non-forfeitable
        Awards
        is as follows:</font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><strong>10.1&#160;&#160;&#160;&#160;&#160;&#160;Termination
        For Cause.</strong></font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 99pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><strong>&#160;
        10.1.1&#160;&#160;&#160;&#160;Effect Upon Options</strong></font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><strong>.</strong>&#160;&#160;If
        the Company terminates an Optionee&#8217;s employment or other service relationship
        for Cause, then, as of the Company&#8217;s first discovery of any of the grounds for
        termination for Cause, any Option held by that Optionee shall automatically
        terminate.&#160;&#160;If an Optionee is suspended pending an investigation of
        whether or not the Optionee will be terminated for Cause, then all of the
        Optionee&#8217;s rights under any Option will also be suspended during the period of
        investigation.</font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 99pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><strong>&#160;
        10.1.2&#160;&#160;&#160;&#160;Definition of Cause</strong></font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><strong>.</strong>&#160;&#160;Termination
        for &#8220;Cause&#8221; means the Optionee&#8217;s or Grantee&#8217;s (a)&#160;willful refusal to
        perform his obligations to the Company, (b)&#160;willful misconduct contrary to
        the interests of the Company, (c)&#160;commission of a serious criminal act
        whether denominated a felony, misdemeanor or otherwise, or (d)&#160;engaging in
        activities directly in competition or antithetical to the best interests
        of the
        Company.&#160;&#160;To the extent an Optionee or Grantee is a party to an
        employment agreement or offer letter of employment with the Company that
        defines
&#8220;cause&#8221; or a similar term, then the meaning set forth in that agreement shall
        also be considered &#8220;Cause&#8221; for purposes of this Plan.</font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><strong>10.2&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;Termination
        Because of Total Disability</strong></font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><strong>.</strong>&#160;&#160;If
        an Optionee&#8217;s employment or other service relationship with the Company
        terminates because of a &#8220;Total Disability,&#8221; as defined below, then the
        Optionee&#8217;s vested Options (determined as of the termination) shall not expire
        (and any ISOs will not cease to be treated as ISOs) until the sooner of
        (i)&#160;the end of the 12-month period following such termination or
        (ii)&#160;the normal expiration date of the Option. Unless provided otherwise in
        the applicable Option Agreement, for purposes of this Plan, Total Disability
        means a mental or physical impairment that (a)&#160;causes an individual to be
        unable to engage in any substantial gainful activity, after reasonable
        accommodation, and (b)&#160;is expected to result in death or has lasted or is
        expected to last for a continuous period of 12 months or more.&#160;&#160;The
        status of Total Disability will be determined by the Administrator and, if
        requested by the affected Optionee, two independent physicians, and shall
        be
        deemed to exist on the first day after the Administrator (and the two
        independent physicians, if applicable) reach the conclusion.&#160;&#160;The
        application of this Section 10.2 will not accelerate the vesting of
        Options.</font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 99pt; MARGIN-RIGHT: 0pt" align="left">&#160;</div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt" align="left">
        <div id="PGBRK" style="MARGIN-LEFT: 0pt; WIDTH: 100%; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
          <div id="FTR">
            <div id="GLFTR" style="WIDTH: 100%" align="left">
            </div>
          </div>
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            <div style="WIDTH: 100%; TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-SIZE: 8pt;">PAGE
              8</font></div>
            <div style="WIDTH: 100%; TEXT-ALIGN: center">
              <hr style="COLOR: black" noshade size="2">
            </div>
          </div>
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            </div>
          </div>
        </div>
      </div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt" align="left">&#160;</div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><strong>10.3&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;Termination
        Because of, or Shortly Before, Death</strong></font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><strong>.</strong>&#160;&#160;If
        an Optionee dies (a)&#160;while still engaged in a service relationship with the
        Company or (b)&#160;within the three-month period (or 12-month period in the
        case of Total Disability) following cessation of such relationship, then
        any
        vested Options may be exercised at any time prior to (i)&#160;the end of the
        12-month period following the death or (ii)&#160;the regular expiration date
        applicable to the Option, whichever is earlier. Unless provided otherwise
        in a
        particular Option Agreement, or by Board action, the application of this
        Section
        10.3 will not accelerate the vesting of Options.&#160;&#160;The vested portion
        of the Option (determined as of the Optionee&#8217;s date of death) may be exercised
        by the personal representative or the person to whom the Optionee&#8217;s rights pass
        by will or by the laws of descent and distribution.</font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><strong>10.4&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;Other
        Terminations</strong></font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><strong>.</strong>&#160;&#160;If
        an Optionee&#8217;s relationship with the Company terminates for a reason other than
        Cause, death, or Total Disability, the Optionee may exercise outstanding
        and
        vested Options until the earlier of (a)&#160;the end of the three-month period
        following termination of an Optionee&#8217;s employment or other service relationship
        with the Company, or (b)&#160;the expiration date stated in the Option
        Agreement, after which all unexercised Options will expire.&#160;&#160;However,
        the Administrator may extend the exercise period, in its sole discretion,
        provided that ISOs exercised beyond the three-month period following termination
        of an Optionee&#8217;s employment with the Company will be treated as
        NQSOs.&#160;&#160;Unless provided otherwise in an individual Option Agreement,
        an Optionee&#8217;s change in status from being an employee to a non-employee worker
        (such as a consultant) will not constitute a termination of the Optionee&#8217;s
        employment with the Company for purposes of applying the provisions of this
        Section 10.4 to any ISOs held by the Optionee, provided that the Optionee&#8217;s
        exercise of any ISO beyond the three-month period following the change of
        the
        Optionee&#8217;s status from being an employee to a non-employee worker will be
        treated as the exercise of a NQSO.</font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><strong>10.5&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;Military
        Leave, Sick Leave and Bona&#160;Fide Leave of Absence</strong></font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><strong>.</strong>&#160;&#160;To
        the extent determined by the Administrator, an Optionee&#8217;s or Grantee&#8217;s
        employment or other working relationship with the Company may be deemed to
        continue while the Optionee or Grantee is on military leave, sick leave or
        other
        bona fide leave of absence.&#160;&#160;However, with respect to ISOs, employment
        will not be deemed to continue beyond the first 90 days of leave, unless
        the
        individual&#8217;s reemployment rights are guaranteed by statute or by
        contract.</font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><strong>10.6</strong>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<strong>Effect
        of Termination Upon Stock Grants.</strong>&#160;&#160;Unless provided otherwise
        in the applicable Award Agreement, or pursuant to Board action, if a Grantee&#8217;s
        employment or other service relationship with the Company terminates for
        any
        reason, including Cause, death, Total Disability or otherwise, then all shares
        still subject to a vesting schedule and corresponding risk of forfeiture
        (pursuant to the applicable Grant Agreement) at the time of termination shall
        be
        deemed forfeited and revert back to the Company, without payment or other
        consideration to the Grantee.&#160;&#160;In the event a Grantee is suspended
        pending an investigation of whether or not the Grantee will be terminated
        for
        Cause, then all of the Grantee&#8217;s rights under any unvested shares will also be
        suspended during the period of investigation.</font></div>
      <div><br>
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      <div>&#160;</div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><strong><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman, serif;">Section
        11.</font><font id="TAB2" style="LETTER-SPACING: 9pt;">&#160;&#160;&#160;</font>&#160;<u>Awards Not
        Transferable</u></strong></font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><strong>.</strong>&#160;&#160;Awards
        are personal to the Optionee or Grantee during his or her lifetime and may
        not
        be transferred, assigned, pledged, attached or otherwise disposed of in any
        manner, except by will or the laws of descent and distribution.&#160;&#160;Any
        attempt to transfer, assign, pledge, attach or otherwise dispose of any Award
        contrary to this Section 11 will be null and void.</font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><strong><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman, serif;">Section
        12.</font><font id="TAB2" style="LETTER-SPACING: 9pt;">&#160;&#160;&#160;</font>&#160;<u>Changes in
        Company&#8217;s Capital Structure</u>.</strong></font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><strong>12.1&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;Adjustments
        Upon Changes in Capitalization</strong></font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><strong>.</strong>&#160;&#160;In
        the event of any merger, consolidation, reorganization, stock split, stock
        dividend or other event causing a capital adjustment affecting the number
        of
        outstanding shares of Common Stock (&#8220;Capitalization Change&#8221;), the Administrator
        will make corresponding adjustments to preserve the relative value of
        Awards.&#160;&#160;To that end the Administrator will make adjustments, as
        necessary, in: (a)&#160;The aggregate number or kind of shares for which Options
        may be granted under this Plan; (b)&#160;the number or kind of shares covered by
        any outstanding Options under this Plan; and (c)&#160;other terms of this Plan
        or outstanding Options that merit a change in conjunction with the
        Capitalization Change.&#160;&#160;Any fractional shares resulting from an
        adjustment will be disregarded.&#160;&#160;In the event the Company issues
        additional shares of Common Stock for consideration (including non-cash
        consideration), neither the total amount of shares subject to this Plan,
        nor the
        amount of shares subject to any outstanding Award, will be
        adjusted.&#160;&#160;The Administrator&#8217;s determination as to what adjustments
        should be made and the extent of the adjustments will be final, binding and
        conclusive.</font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><strong>12.2&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;
        Effect of Sale, Merger or Exchange.</strong></font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 108pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><strong>12.2.1&#160;&#160;&#160;&#160;
        Termination of Awards</strong></font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><strong>.</strong>&#160;&#160;Subject
        to Section 12.2.2, upon the completion of a &#8220;Sales Event&#8221; (as defined below) any
        unexercised Options will expire and cease to be effective, provided that
        Optionees will have advance notice and an opportunity prior to the Sales
        Event
        to exercise any vested Options, and any shares associated with unvested but
        previously exercised Options or unvested portions of Stock Grants will return
        to
        the Company, subject to the Company&#8217;s obligation to repurchase the shares
        associated with unvested but exercised Options for a purchase price equal
        to the
        original Exercise Price.&#160;&#160;In the alternative, at the complete
        discretion of the Administrator, the Company may (i)&#160;determine to cash out
        some or all of the unexercised, vested Options by paying each affected Optionee
        an amount equal to the Fair Market Value of a share of Common Stock (as
        determined for purposes of the Sales Event), multiplied by the number of
        shares
        of Common Stock available under the vested portion of the Optionee&#8217;s Option,
        reduced by the aggregate Exercise Price associated with that portion of the
        Option, or (ii)&#160;continue some or all of the Options, subject to the same
        terms and conditions (including the vesting schedule, if any) that applied
        prior
        to the Sales Event, modified as deemed appropriate by the Administrator in
        conjunction with the Sales Event.&#160;&#160;For purposes of this Plan a &#8220;Sales
        Event&#8221; will include the consummation of (a)&#160;a complete liquidation of the
        Company, (b)&#160;a sale of substantially all of the Company&#8217;s assets,
        (c)&#160;a sale of the Company&#8217;s stock after which voting control of the Company
        is held by persons who were not shareholders of the Company prior to the
        sale or
        (d)&#160;a merger, consolidation, reorganization or other similar event that
        shifts voting control of the Company (or any successor entity) to persons
        who
        were not shareholders of the Company prior to the transaction.&#160;&#160;Unless
        provided otherwise in the applicable Awards Agreements, or pursuant to an
        action
        of the Board, the vesting schedules applicable to outstanding Options or
        Stock
        Grants will not accelerate in connection with a Sales Event.</font></div>
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            10</font></div>
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      </div>
      <div>&#160;</div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 108pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><strong>12.2.2&#160;&#160;&#160;&#160;
        Conversion on Stock for Stock Exchange</strong></font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><strong>.</strong>&#160;&#160;If
        pursuant to a Sales Event the shareholders of the Company receive capital
        stock
        of another corporation (&#8220;Exchange Stock&#8221;) in exchange for their shares of Common
        Stock, then the Company and the corporation issuing the Exchange Stock may
        (at
        their discretion) provide that any unexercised Options or unvested Stock
        Grants
        (or any combination) under this Plan will be converted into options to purchase
        or grants to receive shares of Exchange Stock. The number of shares and exercise
        price of options or grants for Exchange Stock will be determined by adjusting
        the number of shares and Exercise Price of the unexercised Options or unvested
        Stock Grants (as applicable) in the same proportion as used for determining
        the
        number of shares of Exchange Stock that the shareholders of Common Stock
        receive
        in the transaction.&#160;&#160;Other than the potential changes to the Exercise
        Price and number of shares of the outstanding Awards, all of the terms and
        conditions relating to the converted Awards under this Plan shall apply to
        options for the Exchange Stock, unless otherwise determined by the
        Administrator.</font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><strong>12.3&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;
        No Restriction on Ability to Accomplish Corporate Changes</strong></font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><strong>.</strong>&#160;&#160;This
        Plan and Awards granted hereunder will not in any way limit the right or
        power
        of the Company, or its stockholders, to make or authorize any or all adjustments
        in connection with recapitalizations, reorganizations or other changes in
        the
        Company&#8217;s structure or its business, or any merger or consolidation of the
        Company, or any issuance of stock or of options, warrants or rights to purchase
        stock or bonds, debentures, preferred or prior preference stocks whose rights
        are superior to or affect the Common Stock or rights of holders thereof or
        which
        are convertible into or exchangeable for Common Stock, the dissolution or
        liquidation of the Company, or any sale or transfer of all or any part of
        its
        assets or business, or any corporate act or proceeding, whether of a similar
        character or otherwise.</font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><strong><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman, serif;">Section
        13.</font><font id="TAB2" style="LETTER-SPACING: 9pt;">&#160;&#160;&#160;</font>&#160;<u>Securities
        Regulation and Other Required Approvals</u></strong></font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><strong>.</strong>&#160;&#160;The
        Company shall not issue shares subject to an Option or Stock Grant unless
        the
        exercise, issuance and delivery of such shares comply with all relevant
        provisions of law, including any applicable state securities laws, the
        Securities Act, the Exchange Act, any relevant securities rules and regulations,
        and the requirements of any stock exchange upon which the shares may then
        be
        listed.&#160;&#160;The issuance of shares shall be further subject to the
        approval of counsel for the Company with respect to such compliance, including
        the availability of an exemption from registration for the issuance and sale
        of
        any shares under this Plan.</font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><strong>13.1&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;Effect
        of Lack of Authority</strong></font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><strong>.</strong>&#160;&#160;The
        Company will use its best efforts to obtain from the appropriate regulatory
        agencies any requisite authorization in order to issue the number of shares
        of
        its Common Stock as needed to satisfy the requirements of this
        Plan.&#160;&#160;The Company&#8217;s inability to obtain the authority that Company&#8217;s
        counsel deems to be necessary for the lawful issuance of any shares under
        this
        Plan, or the unavailability of an exemption from registration for the issuance
        and sale of any shares under this Plan, shall relieve the Company of any
        liability with respect to the non-issuance of such shares.</font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><strong>13.2&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;Section
        16(b)&#160;Compliance; Bifurcation of Plan</strong></font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><strong>.</strong>&#160;&#160;As
        long as the Company registers any of its equity securities pursuant to Section
        12(b)&#160;or 12(g)&#160;of the Exchange Act, this Plan and the Awards granted
        under this Plan shall comply in all respects with Rule 16b-3 under the Exchange
        Act (or any successor rule).&#160;&#160;If any Plan provision is later found not
        to be in compliance with Rule16b-3, the provision shall be deemed null and
        void,
        or if possible construed in favor of its meeting the requirements of Rule
        16b-3.&#160;&#160;Notwithstanding anything in this Plan to the contrary, the
        Administrator, in its absolute discretion, may bifurcate this Plan so as
        to
        restrict, limit or condition the use of any provision of this Plan to Optionees
        or Grantees who are officers and directors subject to Section 16(b)&#160;of the
        Exchange Act without so restricting, limiting or conditioning other Optionees
        or
        Grantees.&#160;&#160;This provision shall not obligate the Company to undertake
        registration of any of the Awards or shares of Common Stock.</font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt" align="left">&#160;</div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt" align="left">
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              11</font></div>
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      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt" align="left">&#160;</div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><strong>13.3&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;Representations
        and Warranties</strong></font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><strong>.</strong>&#160;&#160;As
        a condition to granting any Award, the Company may require the recipient
        to make
        any representation or warranty to the Company as may be required, in the
        judgment of the Company, including executing and delivering to the Company
        an
        agreement as may from time to time be necessary to comply with federal and
        state
        securities laws.&#160;&#160;At the election of the Company, a stop-transfer
        order against any shares of stock may be placed on the official stock books
        and
        records of the Company, and a legend may be stamped on stock certificates
        indicating that the stock may not be pledged, sold or otherwise transferred
        unless an opinion of counsel is provided (concurred in by counsel for the
        Company) stating that such transfer is not in violation of any applicable
        law or
        regulation.</font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><strong>13.4&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;Legends
        on Option Agreements and Stock Certificates</strong></font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><strong>.</strong>&#160;&#160;Unless
        an appropriate registration statement is filed pursuant to the Securities
        Act,
        with respect to the shares of Common Stock issued under this Plan, each
        certificate representing such Common Stock shall be endorsed with the following
        legend or its equivalent:</font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
      <div style="DISPLAY: block; MARGIN-LEFT: 72pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">The
        securities represented by this certificate have not been registered under
        the
        Securities Act of 1933, as amended (the &#8220;Act) and may not be sold, assigned,
        offered or otherwise transferred unless (a)&#160;there is an effective
        registration statement under the Act, or (b)&#160;the Company receives an
        opinion of legal counsel for the holder of these securities (concurred in
        by
        legal counsel for the Company) stating that the transaction is exempt from
        registration or the Company otherwise satisfies itself that the transaction
        is
        exempt from registration.</font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">In
        addition to this legend, each Award Agreement and each certificate representing
        shares of Common Stock acquired through an Award shall be endorsed with all
        legends, if any, which are required by applicable state securities laws and
        the
        Administrator, including without limitation to reflect the existence of vesting
        of ownership and contractual restrictions on transfer.</font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><strong>13.5</strong>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<strong>Code
        &#167; 409A</strong><strong>.</strong>&#160;&#160;The Company acknowledges that Code
&#167; 409A applies to deferred compensation, including
        stock options which do not
        satisfy an exemption from the Code &#167; 409A.&#160;&#160;The Company intends for
        this Plan and the Options issued hereunder to satisfy an exemption under
        Code &#167;
409A, and this Plan and all Option Agreements will be interpreted to that
        end.&#160;&#160;The Company reserves the right to amend this Plan and any Option
        Agreement as necessary to comply with Code &#167; 409A or an applicable exemption,
        including (but not limited to) an amendment that adjusts the Exercise Price
        associated with an Option, which may be necessary for an Option to comply
        with
        an exemption available for stock options under the regulations issued pursuant
        to Code &#167; 409A.</font></div>
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              12</font></div>
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      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><strong><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman, serif;">Section
        14.<font id="TAB2" style="LETTER-SPACING: 9pt;">&#160;&#160;&#160;</font>&#160;</font><u>Withholding
        Tax Requirement</u></strong></font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><strong>.</strong>&#160;&#160;The
        Company will have the right to retain and withhold from any payment of cash,
        or
        shares of Common Stock, the amount of taxes required by any government to
        be
        withheld. The Company may require an individual receiving cash or shares
        of
        Common Stock under this Plan to advance or reimburse the Company for any
        such
        taxes required to be withheld and may withhold any distribution in whole
        or in
        part until the Company is so reimbursed.&#160;&#160;In lieu of withholding or
        reimbursement, the Company has the right to withhold from any other cash
        amounts
        due or to become due from the Company to the individual in an amount equal
        to
        the taxes, or to retain and withhold a number of shares having a market value
        not less than the amount of the taxes required to be withheld as reimbursement
        for any taxes and cancel (in whole or in part) any shares so
        withheld.</font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><strong><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman, serif;">Section
        15.<font id="TAB2" style="LETTER-SPACING: 9pt;">&#160;&#160;&#160;</font>&#160;</font><u>Status of
        Shareholder</u></strong></font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><strong>.</strong>&#160;&#160;No
        Optionee, nor any party to which an Optionee&#8217;s rights and privileges may pass,
        will have any of the rights or privileges of a shareholder of the Company
        with
        respect to the shares related to an Option unless, until and to the extent
        the
        Option has been properly exercised for shares.</font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><strong><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman, serif;">Section
        16.<font id="TAB2" style="LETTER-SPACING: 9pt;">&#160;&#160;&#160;</font>&#160;</font><u>Rights and
        Relationships</u>.</strong></font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><strong>16.1&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;This
        Plan</strong></font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><strong>.</strong>&#160;&#160;This
        Plan is purely voluntary on the part of the Company.&#160;&#160;The adoption or
        continuance of this Plan will not be deemed to constitute a commitment to
        Eligible Participants by the Company to continue this Plan.</font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><strong>16.2&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;No
        Employment Contract</strong></font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><strong>.</strong>&#160;&#160;Nothing
        in this Plan, nor in any Award granted pursuant to this Plan, shall give
        any
        Optionee or Grantee any right to continued employment with the Company or
        a
        Related Entity, or to interfere in any way with the right of the Company
        (or
        Related Entity) to terminate the Optionee&#8217;s or Grantee&#8217;s employment or service
        relationship with the Company at any time.</font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><strong>16.3</strong>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<strong>Other
        Agreements.</strong>&#160;&#160;To the extent required by the Administrator,
        each person who receives shares as a result of any Award shall agree to enter
        into and be bound by any shareholders&#8217; agreement, or the agreement then in
        effect, if any, between the Company and its shareholders relating to the
        repurchase by the shareholders and/or the Company of outstanding shares of
        Common Stock.&#160;&#160;In addition, as required by the Administrator, shares
        available through Awards may be subject to restrictions on the transfer of
        the
        shares or commitments regarding the Company&#8217;s repurchase of the Optionee&#8217;s or
        Grantee&#8217;s shares, which restrictions or commitments may be a condition of the
        delivery of certificates representing the shares to the Optionee or
        Grantee.</font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><strong><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman, serif;">Section
        17.</font><font id="TAB2" style="LETTER-SPACING: 9pt;">&#160;&#160;&#160;</font>&#160;<u>Amendment
        and
        Termination</u>.</strong></font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><strong>17.1&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;Board
        Action</strong></font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><strong>.</strong>&#160;&#160;The
        Board may at any time suspend, amend or terminate this Plan, provided that
        the
        approval of the Company&#8217;s shareholders is necessary within 12 months before or
        after the adoption by the Board of any amendment which will (a)&#160;increase
        the number of shares reserved for the issuance of Awards under this Plan;
        or
        (b)&#160;permit the granting of Awards to a class of persons other than those
        presently permitted to receive Awards under this Plan.</font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt" align="left">&#160;</div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt" align="left">
        <div id="PGBRK" style="MARGIN-LEFT: 0pt; WIDTH: 100%; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
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            </div>
          </div>
          <div id="PN" style="PAGE-BREAK-AFTER: always">
            <div style="WIDTH: 100%; TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-SIZE: 8pt;">PAGE
              13</font></div>
            <div style="WIDTH: 100%; TEXT-ALIGN: center">
              <hr style="COLOR: black" noshade size="2">
            </div>
          </div>
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            <div id="GLHDR" style="WIDTH: 100%" align="right">
            </div>
          </div>
        </div>
      </div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt" align="left">&#160;</div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><strong>17.2&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;Automatic
        Termination</strong></font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><strong>.</strong>&#160;&#160;Unless
        sooner terminated by the Board, this Plan shall terminate five years from
        the
        earlier of (a)&#160;the date on which this Plan is adopted by the Board or
        (b)&#160;the date on which this Plan is approved by the shareholders of the
        Company.</font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><strong>17.3&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;Effect</strong></font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><strong>.</strong>&#160;&#160;No
        Award may be granted after the termination or during any suspension of this
        Plan. In addition, no amendment, suspension or termination of this Plan shall
        adversely affect Awards granted on or prior to the date thereof, without
        the
        consent of the Optionees or Grantees, unless expressly provided for in this
        Plan
        or a particular Award Agreement.</font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><strong><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman, serif;">Section
        18.</font><font id="TAB2" style="LETTER-SPACING: 9pt;">&#160;&#160;&#160;</font>&#160;<u>Applicable
        Law</u></strong></font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><strong>.</strong>&#160;&#160;This
        Plan shall be governed and construed in accordance with the laws of the State
        of
        Washington.</font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><strong><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman, serif;">Section
        19.</font><font id="TAB2" style="LETTER-SPACING: 9pt;">&#160;&#160;&#160;</font>&#160;<u>Effectiveness
        of
        This Plan</u></strong></font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><strong>.</strong>&#160;&#160;This
        Plan shall become effective upon adoption by the Board (which shall be the
        &#8220;Effective Date&#8221;), so long as it is approved by the Company&#8217;s shareholders any
        time within 12 months before or after the adoption of this Plan.</font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
      <div>&#160;</div>
      <div><font style="DISPLAY: inline; FONT-SIZE: 8pt; FONT-FAMILY: Times New Roman;">PAGE
        14</font></div>
      <div>
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