MANUFACTURERS SERVICES LTD
EX-10.44
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<p align="right" style="font-weight:bold;margin:0in 0in .0001pt;text-align:right;"><b><u><font size="2" face="Times New Roman" style="font-size:10.0pt;">Exhibit

10.44</font></u></b></p>



<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>



<p style="font-weight:bold;margin:0in 0in .0001pt;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;">MANUFACTURERS&#146; SERVICES

LIMITED</font></b></p>



<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>



<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">2000

EMPLOYEE STOCK PURCHASE PLAN, AS AMENDED</font></p>



<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>



<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">SECTION 1.&#160;

<u>PURPOSE OF PLAN</u></font></p>



<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>



<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">The Manufacturers&#146; Services

Limited 2000 Employee Stock Purchase Plan (the &#147;Plan&#148;) is intended to provide a

method by which eligible employees of Manufacturers&#146; Services Limited, a

Delaware corporation (&#147;MSL&#148;), and such of its Subsidiaries as the Board of

Directors of MSL (the &#147;Board of Directors&#148;) may from time to time designate

(MSL and such Subsidiaries being hereinafter referred to as the &#147;Company&#148;) may

use voluntary, systematic payroll deductions to purchase shares of common

stock, $.001 par value of MSL (such common stock being hereafter referred to as

&#147;Stock&#148;) and thereby acquire an interest in the future of MSL.&#160; For purposes of the Plan, a &#147;Subsidiary&#148; is

any corporation that would be treated as a subsidiary of MSL under Section

424(f) of the Internal Revenue Code of 1986, as amended (the &#147;Code&#148;).&#160; The Plan is intended to qualify under Section

423 of the Code and shall be construed accordingly.</font></p>



<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>



<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">SECTION 2.&#160;

<u>OPTIONS TO PURCHASE STOCK</u></font></p>



<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>



<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Under the Plan, there is

available an aggregate of not more than 1,250,000 shares of Stock (subject to

adjustment as provided in Section 15) for sale pursuant to the exercise of

options (&#147;Options&#148;) granted under the Plan to employees of the Company

(&#147;Employees&#148;) who meet the eligibility requirements set forth in Section 3

hereof (&#147;Eligible Employees&#148;).&#160; The

Stock to be delivered upon exercise of Options under the Plan may be either

shares of authorized but unissued Stock or shares of reacquired Stock, as the

Board of Directors may determine.</font></p>



<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>



<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">SECTION 3.&#160;

<u>ELIGIBLE EMPLOYEES</u></font></p>



<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>



<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Except as otherwise provided

below, each Employee of the Company will be eligible to participate in the

Plan.</font></p>



<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>



<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(a)&#160; Any Employee who immediately after the grant of an Option would

own (or pursuant to Section 423(b)(3) of the Code would be deemed to own) stock

possessing 5% or more of the total combined voting power or value of all

classes of stock of the employer corporation or of its parent or subsidiary

corporations, as defined in Section 424 of the Code, will not be eligible to

receive an Option to purchase Stock pursuant to the Plan.</font></p>



<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>



<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(b)&#160; No Employee will be granted an Option under the Plan that would

permit his or her rights to purchase shares of stock under all employee stock

purchase plans of the employer corporation and parent and subsidiary

corporations, as defined in Section 424 of the Code, to accrue at a rate which

exceeds $25,000 in fair market value of such stock (determined at the time the

Option is granted) for each calendar year during which any such Option granted

to such Employee is outstanding at any time, as provided in Section 423 of the

Code.</font></p>



<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>





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<p align="center" style="font-size:10.0pt;margin:0in 0in .0001pt;text-align:center;">&nbsp;</p>



<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(c) The following categories of

Employees shall not be eligible to participate in the Plan:&#160; (i) Employees whose customary employment for

the Company is twenty (20) hours or less per week, (ii) Employees whose

customary employment for the Company is for not more than five (5) months in

any calendar year.</font></p>



<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>



<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">SECTION 4.&#160;

<u>METHOD OF PARTICIPATION</u></font></p>



<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>



<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">The periods commencing on the

Company&#146;s payroll cycle ending on or about August 1 and&#160; February 1 or such other dates as the Board

of Directors (or the Board&#146;s delegate) shall determine will be termed &#147;Option

Periods.&#148;&#160; Provided that on a one time

basis, the Option Period in the third quarter of 2001 will commence on the

Company&#146;s payroll cycle ending on or about September 1 and end on or about

January 31, 2002. Each person who is an Eligible Employee on the date that is

15 days prior to an Option Period and will be an Eligible Employee on the first

day of such Option Period may elect to participate in the Plan by executing and

delivering, at least 15 days prior to the first day of such Option Period, a

payroll deduction authorization in accordance with Section 5.&#160; Such Employee will thereby become a

participant (&#147;Participant&#148;) on the first day of such Option Period and will

remain a Participant until his or her participation is terminated as provided

in the Plan.</font></p>



<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>



<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">SECTION 5.&#160;

<u>PAYROLL DEDUCTION</u></font></p>



<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>



<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">The payroll deduction

authorization will request withholding at a rate (in whole percentages) of not

less than 1% nor more than 10% from the Participant&#146;s Compensation by means of

substantially equal payroll deductions over the Option Period from payroll

periods ending in the Option Period.&#160;

For purposes of the Plan, &#147;Compensation&#148; means base pay, overtime,

bonuses and other remuneration paid by the Company and includible in a

Participant&#146;s taxable income, plus any such amounts that would be includible in

the Participant&#146;s taxable income but for a deferral election under Section

401(k) of the Code, but not including income arising from the grant or vesting

of a stock option or other stock award or from the disposition of stock

acquired under such an award.&#160; A

Participant may change the withholding rate of his or her payroll deduction

authorization by written notice delivered to the Company at least 15 days prior

to the first day of the Option Period as to which the change is to be

effective.&#160; All amounts withheld in

accordance with a Participant&#146;s payroll deduction authorization will be

credited to a withholding account maintained in the Participant&#146;s name on the

books of the Company.&#160; Amounts credited

to the withholding account shall belong to the Company and shall not be

required to be set aside in trust or otherwise segregated from the Company&#146;s

general assets.</font></p>



<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>



<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">SECTION 6.&#160;

<u>GRANT OF OPTIONS</u></font></p>



<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>



<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Each person who is a Participant

on the first day of an Option Period will be granted, as of such day and for

such Period, an Option entitling the Participant to acquire shares of Stock

equal in number to the lesser of:</font></p>



<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>



<p style="margin:0in 0in .0001pt .5in;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(a)&#160; the whole number (disregarding any

fractional share amount) determined by dividing $12,500 by the fair market

value of one share of Stock on the first day of the Option Period; and</font></p>



<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>



<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">2</font></p>





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</font></div>



<font size="2" face="Times New Roman" style="font-size:10.0pt;">
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<p align="center" style="font-size:10.0pt;margin:0in 0in .0001pt;text-align:center;">&nbsp;</p>



<p style="margin:0in 0in .0001pt .5in;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(b)&#160; the number (rounded down to the nearest

whole number) determined by dividing (i) the balance credited to the

Participant&#146;s withholding account on the last day of the Option Period, by (ii)

the purchase price per share of the Stock determined under Section 7.</font></p>



<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>



<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">MSL will reduce, on a substantially proportionate

basis, the number of shares of Stock purchasable by each Participant upon

exercise of his or her Option for an Option Period in the event that the number

of shares then available under the Plan is insufficient.&#160; Option grants under this Section 6 shall be

automatic and need not be separately documented.</font></p>



<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>



<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">SECTION 7.&#160;

<u>PURCHASE PRICE</u></font></p>



<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>



<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">The purchase price of Stock

issued pursuant to the exercise of an Option will be 85% of the fair market

value of the Stock at (a) the time of grant of the Option or (b) the time at

which the Option is deemed exercised, whichever is less.&#160; Fair market value will mean the Closing

Price of the Stock.&#160; The &#147;Closing Price&#148;

of the Stock on any business day will be the last sale price, regular way, with

respect to such Stock, or, in case no such sale takes place on such day, the

average of the closing bid and asked prices, regular way, with respect to such

Stock, in either case as reported in the principal consolidated transaction

reporting system with respect to securities listed or admitted to trading on

the New York Stock Exchange; or, if such Stock is not listed or admitted to trading

on the New York Stock Exchange, as reported in the principal consolidated

transaction reporting system with respect to securities listed on the principal

national securities exchange on which such Stock is listed or admitted to

trading; or, if such Stock is not listed or admitted to trading, the last

quoted price with respect to such Stock, or, if not so quoted, the average of

the high bid and low asked prices in the over-the-counter market with respect

to such Stock, as reported by the National Association of Securities Dealers,

Inc. Automated Quotation System or such other similar system then in use; or,

if on any such date such Stock is not quoted by any such organization, the

average of the closing bid and asked prices with respect to such Stock, as furnished

by a professional market maker making a market in such Stock selected by the

Board of Directors in good faith; or, if no such market maker is available, the

fair market value of such Stock as of such day as determined in good faith by

the Board of Directors.</font></p>



<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>



<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">SECTION 8.&#160;

<u>EXERCISE OF OPTIONS</u></font></p>



<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>



<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">If any Employee is a Participant

in the Plan on the last business day of an Option Period, he or she will be

deemed to have exercised the Option granted to him or her for that Period.&#160; Upon such exercise, the Company will apply

the balance of the Participant&#146;s withholding account to the purchase of the

number of whole shares of Stock determined under Section 6 and as soon as

practicable thereafter will issue and deliver certificates for said shares to

the Participant or otherwise evidence the transfer of ownership of said shares

and will return to him or her the balance, if any, of his or her withholding

account in excess of the total purchase price of the shares so issued; <i><font style="font-style:italic;">provided</font></i>,

that if the balance left in the account consists solely of an amount equal to

the value of a fractional share it will be retained in the Account and carried

over to the next Period.&#160; No fractional

shares will be issued hereunder.</font></p>



<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>



<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">3</font></p>





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<p align="center" style="font-size:10.0pt;margin:0in 0in .0001pt;text-align:center;">&nbsp;</p>



<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Notwithstanding anything herein

to the contrary, MSL&#146;s obligation to issue and deliver shares of Stock under

the Plan will be subject to the approval required of any governmental authority

in connection with the authorization, issuance, sale or transfer of said

shares, to any requirements of any national securities exchange applicable

thereto, and to compliance by MSL with other applicable legal requirements in

effect from time to time.</font></p>



<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>



<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">SECTION 9.&#160;

<u>INTEREST</u></font></p>



<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>



<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">No interest will be payable on

withholding accounts.</font></p>



<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>



<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">SECTION 10.&#160;

<u>CANCELLATION AND WITHDRAWAL</u></font></p>



<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>



<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">A Participant who holds an

Option under the Plan may at any time prior to exercise thereof under Section 8

cancel all (but not less than all) of his or her Options by written notice

delivered to the Company.&#160; Upon such

cancellation, the balance in the Participant&#146;s withholding account will be

returned to the Participant.</font></p>



<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>



<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">A Participant may terminate his

or her payroll deduction authorization as of any date by written notice

delivered to the Company and will thereby cease to be a Participant as of such

date.&#160; Any Participant who voluntarily

terminates his or her payroll deduction authorization prior to the last

business day of an Option Period will be deemed to have canceled his or her

Option.</font></p>



<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>



<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">SECTION 11.&#160;

<u>TERMINATION OF EMPLOYMENT</u></font></p>



<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>



<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Except as otherwise provided in

Section 12, upon the termination of a Participant&#146;s employment with the Company

for any reason, he or she will cease to be a Participant, any Option held by

him or her under the Plan will be deemed canceled, the balance of his or her

withholding account will be returned, and he or she will have no further rights

under the Plan.</font></p>



<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>



<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">SECTION 12.&#160;

<u>DEATH OF PARTICIPANT</u></font></p>



<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>



<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">A Participant may elect that if

death should occur during an Option Period the balance, if any, of the

Participant&#146;s withholding account at the time of death will be applied at the

end of the Period to the exercise of the Participant&#146;s Option and the shares

thereby purchased under the Option (plus any balance remaining in the

Participant&#146;s withholding account) will be delivered to the Participant&#146;s

designated beneficiary or beneficiaries.&#160;

If the Participant has more than one designated beneficiary, the Company

will determine the allocation among them and its determination will be final

and binding on all persons.&#160; For

purposes of the Plan, a Participant&#146;s designated beneficiary(ies) shall be (i)

such person or persons as are treated as the Participant&#146;s beneficiary(ies) for

purposes of the Company group life insurance plan applicable to the Participant,

or (ii) in the absence of any beneficiary determined under clause (i), the

Participant&#146;s estate.</font></p>



<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>



<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">4</font></p>





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<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">SECTION 13.&#160;

<u>EQUAL RIGHTS; PARTICIPANT&#146;S RIGHTS NOT TRANSFERABLE</u></font></p>



<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>



<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">All Participants granted Options

under the Plan with respect to any Option Period will have the same rights and

privileges.&#160; Each Participant&#146;s rights

and privileges under any Option granted under the Plan will be exercisable

during the Participant&#146;s lifetime only by him or her and except as provided at

Section 12 above may not be sold, pledged, assigned, or transferred in any

manner.&#160; In the event any Participant

violates or attempts to violate the terms of this Section, any Options held by

him or her may be terminated by the Company and, upon return to the Participant

of the balance of his or her withholding account, all of the Participant&#146;s

rights under the Plan will terminate.</font></p>



<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>



<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">SECTION 14.&#160;

<u>EMPLOYMENT RIGHTS</u></font></p>



<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>



<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Nothing contained in the

provisions of the Plan will be construed as giving to any Employee the right to

be retained in the employ of the Company or as interfering with the right of

the Company to discharge any Employee at any time.</font></p>



<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>



<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">SECTION 15.&#160;

<u>CHANGE IN CAPITALIZATION</u></font></p>



<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>



<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">In the event of any change in

the outstanding Stock of MSL after January 1, 2000 by reason of a stock

dividend, split-up, recapitalization, merger, consolidation, reorganization, or

other capital change, the aggregate number and type of shares available under

the Plan, the number and type of shares under Options granted but not

exercised, the maximum number and type of shares purchasable under an Option,

and the Option price will be appropriately adjusted.</font></p>



<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>



<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">SECTION 16.&#160;

<u>ADMINISTRATION OF PLAN</u></font></p>



<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>



<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">The Plan will be administered by

the Board of Directors or delegates of the Board which may include the

Compensation Committee, which will have the right to determine any questions

which may arise regarding the interpretation and application of the provisions

of the Plan and to make, administer, and interpret such rules and regulations

as it will deem necessary or advisable.&#160;

Reference to the Board of Directors in connection with its

administrative function under the Plan shall include its delegates.</font></p>



<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>



<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">SECTION 17.&#160;

<u>AMENDMENT AND TERMINATION OF PLAN</u></font></p>



<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>



<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">MSL reserves the right at any time

or times to amend the Plan to any extent and in any manner it may deem

advisable, by vote of the Board of Directors or delegates of the Board which

may include the Compensation Committee; <i><font style="font-style:italic;">provided, </font></i>that any amendment that would be

treated as the adoption of a new plan for purposes of Section 423 of the Code

and the regulations thereunder will have no force or effect unless approved by

the shareholders of MSL within twelve months before or after its adoption.</font></p>



<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>



<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">The Plan may be suspended or

terminated at any time by the Board of Directors.&#160; In connection therewith, the Board of Directors may either cancel

outstanding Options or continue them and provide that they will be exercisable

either at the end of the applicable Option Period </font></p>



<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>



<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">5</font></p>





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<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>



<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">as determined under Section 4 above or on such

earlier date as the Board of Directors may specify (in which case such earlier

date shall be treated as the last day of the applicable Option Period).</font></p>



<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>



<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">SECTION 18.&#160;

<u>APPROVAL OF SHAREHOLDERS</u></font></p>



<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>



<p style="margin:0in 0in .0001pt .9pt;text-indent:.9pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">The

Plan and the exercisability of Options granted hereunder will be subject to the

approval of the shareholders of MSL obtained within twelve months before or

after the date the Plan is adopted by the Board of Directors.</font></p>



<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>



<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">6</font></p>





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