EXHIBIT 10.20

IRIS INTERNATIONAL, INC.

INCENTIVE STOCK OPTION AGREEMENT

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IRIS INTERNATIONAL, INC. 2007 STOCK INCENTIVE PLAN

NOTICE OF INCENTIVE STOCK OPTION GRANT

You have been granted the following Incentive Stock Options (“Options”) to
purchase Common Stock of IRIS International, Inc. (“IRIS” or the “Company”):

 

Name of Optionee:

     

 

  

Total Number of Shares Granted:

     

 

  

Exercise Price Per Share:

   $     

 

  

Grant Date:

     

 

  

Vesting Commencement Date:

     

 

  

Vesting Schedule:

     

 

  

Expiration Date:

     

 

  

By your signature and the signature of the Company’s representative below, you
and the Company agree that the Options are granted under and governed by the
terms and conditions of the IRIS International, Inc. 2007 Stock Incentive Plan
(a copy of which has been provided to you) and the Incentive Stock Option
Agreement, which is attached hereto, both of which are made a part of this
document.

 

Optionee:      IRIS International, Inc. By:  

 

     By:   

 

Name:  

 

    

Its:

  

 

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IRIS INTERNATIONAL, INC.

2007 STOCK INCENTIVE PLAN

Incentive Stock Option Agreement

1. Terms. Unless provided otherwise in the Notice of Incentive Stock Option
Grant (“Notice of Grant”), the following standard terms and conditions
(“Standard Terms”) apply to incentive stock options (“Options”) granted to you
under the IRIS International, Inc. 2007 Stock Incentive Plan (the “2007 Plan”).
Your Notice of Grant, these Standard Terms and the 2007 Plan constitute the
entire understanding between you and IRIS. Capitalized and other terms used
herein without definition shall have the meanings ascribed thereto in the 2007
Plan.

2. Incentive Stock Options; $100,000 Limitation. The Options are intended to be
incentive stock options under Section 422 of the Code and will be interpreted
accordingly. The aggregate market value (determined at the time the Options are
granted) of the shares of Common Stock with respect to which ISOs are
exercisable for the first time during any calendar year (under all ISO plans of
the Company and its Subsidiaries) shall not exceed $100,000. To the extent (and
only to the extent) your right to exercise these Options causes these Options
(in whole or in part) to not be treated as ISOs by reason of the $100,000 annual
limitation under Section 422 of the Code, such Options shall be treated as
Non-qualified Stock Options, but shall be exercisable by their terms. The
determination of Options to be treated as Non-qualified Stock Options shall be
made by taking into account the aggregate market value of the shares of Common
Stock underlying Options in the order in which the Options are granted. If the
terms of these Options cause the $100,000 annual limitation under Section 422 of
the Code to be exceeded, a pro rata portion of each exercise shall be treated as
the exercise of a Non-qualified Stock Option.

3. Price. The exercise price of the Options (the “option price”) is 100% of the
market value of Common Stock on the date of grant, as specified in the Notice of
Grant.

4. Term and Exercise.

(a) To the extent the Options have become exercisable (vested) during the
periods indicated in the Notice of Grant and have not been previously exercised,
and subject to termination or acceleration as provided in these Standard Terms
and the requirements of these Standard Terms, the Notice of Grant and the 2007
Plan, you may exercise the Options to purchase up to the number of shares of
Common Stock set forth in the Notice of Grant by delivering a written notice in
the form of Exhibit A attached hereto (“Notice of Exercise”) to the Company in
the manner specified pursuant to Section 16(i) hereof. Such Notice of Exercise
shall specify the election to exercise Options, the number of shares of Common
Stock for which they are being exercised and the form of payment, which must
comply with Section 4(b). The Notice of Exercise shall be signed by the person
who is entitled to exercise Options. Options shall be deemed exercised with
respect to the number of shares of Common Stock subject to a proper Notice of
Exercise upon receipt by the Company of the duly executed Notice of Exercise and
payment of the option price of such shares of Common Stock in accordance with
Section 4(b). Notwithstanding anything to the contrary in Section 6 or Sections
8 through 11 hereof, no part of the Options may be exercised after the
Expiration Date set forth in the Notice of Grant.

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(b) The process for exercising the Options (or any part thereof) is governed by
these Standard Terms, the Notice of Grant and the 2007 Plan. Exercises of
Options will be processed as soon as practicable. The option price may be paid:

(i) in cash;

(ii) by delivery of already owned shares of Common Stock;

(iii) through payment under a broker-assisted sale and remittance program
acceptable to the Administrator;

(iv) through net issue exercise based on the following formula:

 

Net Number =

  

(A x B) - (A x C)

     

  B

  

For purposes of the foregoing formula:

A= the total number of shares with respect to which the Options are then being
exercised.

B= the market value of Common Stock on the date immediately preceding the date
of the Notice of Exercise.

C= the option price then in effect at the time of such exercise.

(v) by delivery of any other lawful consideration approved in advance by the
Administrator; or

(vi) in any combination of the foregoing.

Options may not be exercised for fractional shares. Shares of Common Stock will
be issued as soon as practicable (subject to Section 4(c) below). You will have
the rights of a stockholder only after the shares of Common Stock have been
issued. For administrative or other reasons, the Company may from time to time
suspend the ability of employees to exercise options for limited periods of
time.

(c) Notwithstanding the foregoing, (i) the Company shall not be obligated to
deliver any shares of Common Stock during any period when the Administrator
determines that the exercisability of the Options or the delivery of shares
hereunder would violate any federal, state or other applicable laws and/or may
issue shares subject to any restrictive legends that, as determined by the
Company’s counsel, is necessary to comply with securities or other regulatory
requirements, and (ii) the date on which shares are issued may include a delay
in order to provide the Company such time as it determines appropriate to
address tax withholding and other administrative matters.

 

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(d) Notwithstanding anything to the contrary in these Standard Terms or the
applicable Notice of Grant, the Administrator may reduce your unvested Options
if you change your employment classification from a full-time employee to a
part-time employee.

(e) The number of shares of Common Stock for which Options may be exercised as
specified in the Notice of Grant shall be adjusted for stock splits and similar
matters as specified in and pursuant to the 2007 Plan.

(f) IF AN EXPIRATION DATE DESCRIBED HEREIN FALLS ON A WEEKDAY, YOU MUST EXERCISE
YOUR OPTIONS BEFORE 12:00 P.M. LOS ANGELES TIME ON THE EXPIRATION DATE.

(g) IF AN EXPIRATION DATE DESCRIBED HEREIN FALLS ON A WEEKEND OR ANY OTHER DAY
ON WHICH THE NASDAQ STOCK MARKET (“NASDAQ”) IS NOT OPEN, YOU MUST EXERCISE YOUR
OPTIONS BEFORE 12:00 P.M. LOS ANGELES TIME ON THE LAST NASDAQ BUSINESS DAY PRIOR
TO THE EXPIRATION DATE.

5. Change in Control. In the event that your Service (as defined below) is
terminated for Good Reason (as defined below) or for reasons other than an act
of misconduct (as described in Section 8(c) of the 2007 Plan) upon the
occurrence of a Change in Control (as defined below) or within three (3) months
prior thereto or eighteen (18) months thereafter (a “Termination Event”), all of
the unvested Options will vest immediately prior to the effective date of such
Termination Event and the Options shall become fully exercisable.

(a) “Change in Control” shall mean (i) the dissolution or liquidation of the
Company, (ii) approval by the stockholders of the Company of any sale, lease,
exchange or other transfer (in one or a series of transactions) of all or
substantially all of the assets of the Company, (iii) approval by the
stockholders of the Company of any merger or consolidation of the Company in
which the holders of voting stock of the Company immediately before the merger
or consolidation will not own thirty five percent (35%) or more of the voting
stock of the continuing or surviving corporation immediately after such merger
or consolidation; or (iv) a change of fifty percent (50%) (rounded to the next
whole person) in the membership of the Board within a twelve (12)-month period,
unless the election or nomination for election by stockholders of each new
director within such period was approved by the vote of a majority of the
directors then still in office who were in office at the beginning of the twelve
(12)-month period.

(b) “Good Reason” shall mean any of the following (without your express written
consent and provided you provide written notice stating in reasonable detail the
basis for termination and a thirty (30)-day opportunity to cure to the Company):
(i) a material reduction in your responsibilities or duties as such
responsibilities or duties exist on the date hereof, except in the event of a
termination for an act of misconduct (as described in Section 8(c) of the 2007
Plan), death or disability or your resignation other than for Good Reason;
(ii) a reduction of your base salary as it exists on the date hereof unless such
reduction (x) is in connection with

 

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concurrent and proportional reductions in the salaries of other members of
management of the Company, which reductions have been approved by the Board, and
(y) reduce your base salary to no less than 80% of your base salary immediately
before such reduction; or (iii) any relocation by the Company of your place of
employment that would increase your one-way commute to the place of employment
by more than fifty (50) miles when compared to your commute immediately prior to
the relocation.

6. Leaves of Absence. For any purpose under these Standard Terms, your Service
shall be deemed to continue while you are on a bona fide leave of absence, to
the extent required by applicable law. To the extent applicable law does not
require such a leave to be deemed to continue your Service such Service shall be
deemed to continue if, and only if, expressly provided in writing by the
Administrator or an Officer of the Company or Subsidiary for whom you provide
Service. For the purposes of these Standard Terms, the term “Service” means
service to the Company or any of its Subsidiaries as an Employee.

7. Suspension or Termination of Options for Misconduct. If at any time any
Authorized Officer notifies the Administrator that they reasonably believe that
you have committed an act of misconduct as described in Section 8(c) of the 2007
Plan (embezzlement, fraud, dishonesty, nonpayment of any obligation owed to the
Company, breach of fiduciary duty or deliberate disregard of Company rules
resulting in loss, damage or injury to the Company, or if you make an
unauthorized disclosure of any Company trade secret or confidential information,
engage in any conduct constituting unfair competition, induce any customer to
breach a contract with the Company or induce any principal for whom the Company
acts as agent to terminate such agency relationship), the vesting of and your
ability to exercise your Options may be suspended pending a determination of
whether an act of misconduct has been committed. If the Administrator or an
Authorized Officer determines that you have committed an act of misconduct, all
Options not exercised as of the date the Administrator was notified that you may
have committed an act of misconduct shall be cancelled and neither you nor any
beneficiary shall be entitled to any claim with respect to the Options
whatsoever. Any determination by the Administrator or Authorized Officer with
respect to the foregoing shall be final, conclusive, and binding on all
interested parties.

8. Termination of Service.

(a) Except as expressly provided otherwise in these Standard Terms, if your
Service terminates for any reason, whether voluntarily or involuntarily, other
than on account of death, Disablement (defined below), Retirement (defined
below) or discharge for misconduct, you may exercise any portion of the Options
that had vested on or prior to the date of termination at any time prior to
three (3) months after the date of such termination. The Options shall terminate
on the expiration of the three (3)-month period to the extent that they are
unexercised. All unvested Options shall be cancelled on the date of Service
termination, regardless of whether such Service termination is voluntary or
involuntary.

(b) For purposes of this Section 8, your Service is not deemed terminated if,
prior to sixty (60) days after the date of termination of your Service, you are
re-hired by the Company or a Subsidiary on a basis that would make you eligible
for future stock option grants, nor would your transfer from the Company to any
Subsidiary or from any one Subsidiary to another, or from a Subsidiary to the
Company be deemed a termination of your Service.

 

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9. Death.

(a) Except as expressly provided otherwise in these Standard Terms, if you die
while you are a Service provider, your Options will become one hundred percent
(100%) vested, and the executor of your will, administrator of your estate or
any successor trustee of a grantor trust may exercise the Options, to the extent
not previously exercised, at any time prior to two (2) years from the date of
death.

(b) The Options shall terminate on the applicable expiration date described in
this Section 9, to the extent that they are unexercised.

10. Disability.

(a) Except as expressly provided otherwise in these Standard Terms, if your
Service terminates as a result of Disablement, your Options will become one
hundred percent (100%) vested upon the later of the date of termination of your
Service due to your Disablement or the date of determination of your
Disablement.

(b) The Options shall terminate one (1) year from the date of determination of
Disablement, to the extent that they are unexercised.

(c) For purposes of these Standard Terms, “Disablement” means your inability to
perform the essential duties, responsibilities and functions of your position
with the Company or a Subsidiary for a continuous period of one hundred eighty
(180) days as a result of any mental or physical disability or incapacity, as
determined under the definition of disability in the Company’s long-term
disability plan so as to qualify you for benefits under the terms of that plan
or as determined by the Administrator to the extent that no such plan is then in
effect. You shall cooperate in all respects with the Company if a question
arises as to whether you have become disabled (including, without limitation,
submitting to an examination by a medical doctor or other health care specialist
selected by the Company and authorizing such medical doctor or such other health
care specialist to discuss your condition with the Company).

11. Retirement. For purposes of these Standard Terms, “Retirement” shall mean
either Standard Retirement (as defined below) or the Rule of 75 (as defined
below). Upon your Retirement, the vesting of your Options, to the extent that
they had not vested on or prior to the date of your Retirement, shall be
accelerated as follows:

(a) If you retire at or after age sixty (60) (“Standard Retirement”), you will
receive one (1) year of additional vesting from your date of Retirement for
every five (5) years that you have provided Service (measured in complete, whole
years). No vesting acceleration shall occur for any periods of Service of less
than five (5) years; or

(b) If, when you terminate Service, your age plus years of Service (in each case
measured in complete, whole years) equals or exceeds seventy-five (75) (“Rule of
75”), you will receive accelerated vesting of any portion of the Options that
would have vested prior to one (1) year from the date of your Retirement.

 

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You will receive vesting acceleration pursuant to either Standard Retirement or
the Rule of 75, but not both. Except as expressly provided otherwise in these
Standard Terms, following your Retirement from the Company or a Subsidiary, you
may exercise the Options at any time prior to three (3) months from the date of
your Retirement, to the extent that they had vested as of the date of your
Retirement or to the extent that vesting of the Options is accelerated pursuant
to this Section 11. The Options shall terminate on the expiration of the three
(3)-month period from your date of Retirement, to the extent that they are
unexercised.

12. Tax Withholding.

(a) To the extent required by applicable federal, state or other law, you shall
make arrangements satisfactory to the Company for the satisfaction of any
withholding tax obligations that arise by reason of an Option exercise and, if
applicable, any sale of shares of Common Stock. The Company shall not be
required to issue or lift any restrictions on shares of Common Stock or to
recognize any purported transfer of shares of Common Stock until such
obligations are satisfied. The Administrator may permit these obligations to be
satisfied by having the Company withhold a portion of the shares of Common Stock
that otherwise would be issued to you upon exercise of the Options, or to the
extent permitted by the Administrator, by tendering shares of Common Stock
previously acquired.

(b) You are ultimately liable and responsible for all taxes owed by you in
connection with your Options, regardless of any action the Administrator or the
Company takes or any transaction pursuant to this Section 12 with respect to any
tax withholding obligations that arise in connection with your Options. The
Company makes no representation or undertaking regarding the treatment of any
tax withholding in connection with the grant, issuance, vesting or settlement of
your Options or the subsequent sale of any of the shares of Common Stock
underlying your Options that vest. The Company does not commit and is under no
obligation to administer the Plan in a manner that reduces or eliminates your
tax liability.

13. Transferability; Rights as a Stockholder.

(a) Unless otherwise provided by the Administrator, each Option shall be
transferable only pursuant to your will or upon your death to your
beneficiaries. Any purported assignment, transfer or encumbrance that does not
qualify under this section shall be void and unenforceable against the Company.
Any Option transferred by you pursuant to this Section 13(a) shall not be
transferable by the recipient except by will or the laws of descent and
distribution. The transferability of Options is subject to any applicable laws
of your country of residence or employment.

(b) You will have the rights of a stockholder only after shares of Common Stock
have been issued to you following exercise of your Options and satisfaction of
all other conditions to the issuance of those shares as set forth in these
Standard Terms. Options shall not entitle you to any rights of a stockholder of
Common Stock and there are no voting or dividend rights with

 

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respect to your Options. Options shall remain terminable pursuant to these
Standard Terms at all times until they vest and are exercised for shares. As a
condition to having the right to receive shares of Common Stock pursuant to the
exercise of your Options, you acknowledge that unvested Options shall have no
value for purposes of any aspect of your Service relationship with the Company.

14. Disputes. Any question concerning the interpretation of these Standard
Terms, your Notice of Grant, the Options or the 2007 Plan, any adjustments
required to be made thereunder, and any controversy that may arise under the
Standard Terms, your Notice of Grant, the Options or the 2007 Plan shall be
determined by the Administrator (including any person(s) to whom the
Administrator has delegated its authority) in its sole and absolute discretion.
Such decision by the Administrator shall be final and binding unless determined
pursuant to Section 16(g) to have been arbitrary and capricious.

15. Amendments. The 2007 Plan and the Options may be amended or altered by the
Administrator to the extent provided in the 2007 Plan.

16. Other Matters.

(a) Any prior agreements, commitments or negotiations concerning the Options are
superseded by these Standard Terms and your Notice of Grant. You hereby
acknowledge that a copy of the 2007 Plan has been made available to you. The
grant of Options to you in any one year, or at any time, does not obligate the
Company or any Subsidiary to make a grant in any future year or in any given
amount and should not create an expectation that the Company or any Subsidiary
might make a grant in any future year or in any given amount. Options are not
part of your employment contract (if any) with the Company (unless otherwise
provided therein), your salary, your normal or expected compensation, or other
remuneration for any purposes, including for purposes of computing severance pay
or other termination compensation or indemnity.

(b) Options are not part of your Service contract (if any, unless otherwise
specified therein), your salary, your normal or expected compensation, or other
remuneration for any purposes, including for purposes of computing severance pay
or other termination compensation or indemnity.

(c) Notwithstanding any other provision of these Standard Terms, if any changes
in the financial or tax accounting rules applicable to the Options covered by
these Standard Terms shall occur which, in the sole judgment of the
Administrator, may have an adverse effect on the reported earnings, assets or
liabilities of the Company, the Administrator may, in its sole discretion,
modify these Standard Terms or cancel and cause a forfeiture with respect to any
unvested Options at the time of such determination.

(d) Nothing contained in these Standard Terms creates or implies an employment
contract or term of employment upon which you may rely.

(e) Notwithstanding any provision of these Standard Terms, the Notice of Grant
or the 2007 Plan to the contrary, if, at the time of your termination of Service
with the Company, you are a “specified employee” as defined in Section 409A of
the Code, and one or more of the payments or benefits received or to be received
by you pursuant to the Options would constitute

 

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deferred compensation subject to Section 409A, no such payment or benefit will
be provided under the Options until the earliest of (A) the date which is six
(6) months after your “separation from service” for any reason, other than death
or “disability” (as such terms are used in Section 409A(a)(2) of the Code),
(B) the date of your death or “disability” (as such term is used in
Section 409A(a)(2)(C) of the Code) or (C) the effective date of a “change in the
ownership or effective control” of the Company (as such term is used in
Section 409A(a)(2)(A)(v) of the Code). The provisions of this Section 16(e)
shall only apply to the extent required to avoid your incurrence of any penalty
tax or interest under Section 409A of the Code or any regulations or Treasury
guidance promulgated thereunder. In addition, if any provision of the Options
would cause you to incur any penalty tax or interest under Section 409A of the
Code or any regulations or Treasury guidance promulgated thereunder, the
Administrator may reform such provision to maintain to the maximum extent
practicable the original intent of the applicable provision without violating
the provisions of Section 409A of the Code.

(f) Notwithstanding any provision of these Standard Terms, the Notice of Grant
or the 2007 Plan to the contrary, if the Company determines, based upon the
advice of the tax advisors for the Company, that part or all of the
consideration, compensation or benefits to be paid to you pursuant to the
Options constitute “parachute payments” under Section 280G(b)(2) of the Code,
then, if the aggregate present value of such parachute payments, singularly or
together with the aggregate present value of any consideration, compensation or
benefits to be paid to you under any other plan, arrangement or agreement which
constitute “parachute payments” (collectively, the “Parachute Amount”) exceeds
2.99 times your “base amount,” as defined in Section 280G(b)(3) of the Code (the
“Base Amount”), the amounts constituting “parachute payments” which would
otherwise be payable to you or for your benefit shall be reduced to the extent
necessary so that the Parachute Amount is equal to 2.99 times the Base Amount
(the “Reduced Amount”); provided, however, that the Company shall pay to you the
Parachute Amount without reduction if the Company determines that payment of the
Parachute Amount would generate more after-tax income to you than the Reduced
Amount. In the event of a reduction of the payments that would otherwise be paid
to you, then the Company may elect which and how much of any particular
entitlement shall be eliminated or reduced and shall notify you promptly of such
election; provided, however, that the aggregate reduction shall be no more than
as set forth in the preceding sentence of this Section 16(f). Within ten
(10) days following such election, the Company shall pay you such amounts as are
then due pursuant to the Options and shall pay you in the future such amounts as
become due pursuant to the Options. As a result of the uncertainty in the
application of Section 280G of the Code at the time of a determination
hereunder, it is possible that payments will be made by the Company which should
not have been made (“Overpayment”) or that additional payments which are not
made by the Company pursuant to this Section 16(f) should have been made
(“Underpayment”). In the event of a final determination by the Internal Revenue
Service, a final determination by a court of competent jurisdiction or a change
in the provisions of the Code or regulations or tax law, that an Overpayment has
been made, any such Overpayment shall be treated for all purposes as a loan to
you that you shall repay to the Company together with interest at the applicable
federal rate provided for in Section 7872(f)(2) of the Code. In the event of a
final determination by the Internal Revenue Service, a final determination by a
court of competent jurisdiction or a change in the provisions of the Code or
regulations or tax law pursuant to which an Underpayment arises under this
Agreement, any such Underpayment shall be promptly paid by the Company to you or
for your benefit, together with interest at the applicable federal rate provided
for in Section 7872(f)(2) of the Code.

 

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(g) Because these Standard Terms relate to terms and conditions under which you
may purchase Common Stock, an essential term of these Standard Terms is that it
shall be governed by the laws of the State of Delaware, without regard to choice
of law principles of Delaware or other jurisdictions. Any action, suit, or
proceeding relating to these Standard Terms or the Options granted hereunder
shall be brought in the state or federal courts of competent jurisdiction in the
State of California.

(h) Copies of the Company’s Annual Report to Stockholders for its latest fiscal
year and the Company’s latest quarterly report are available, without charge, at
the Company’s business office.

(i) Any notice required by these Standard Terms shall be given in writing and
shall be deemed effective upon personal delivery or upon deposit with the United
States Postal Service, by registered or certified mail, with postage and fees
prepaid. Notice shall be addressed to you at the address set forth in the
records of the Company. Notice shall be addressed to the Company at:

 

IRIS International, Inc.

9162 Eton Avenue

Chatsworth, CA 91311

Attention: 2007 Plan Administrator

 

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EXHIBIT A

NOTICE OF EXERCISE

(To be signed only upon exercise of the option)

 

IRIS International, Inc.

9162 Eton Avenue

Chatsworth, CA 91311

Attention: 2007 Plan Administrator

1. Exercise of Option. The undersigned (the “Optionee”), the holder of the
enclosed Incentive Stock Option Agreement, hereby irrevocably elects to exercise
the purchase rights represented by the options and to purchase thereunder
                    * shares (the “Shares”) of Common Stock of IRIS
International, Inc. (the “Company”), and herewith encloses, in full payment of
the purchase price of such shares being purchased, payment of (check all that
apply):

 

  ¨ $                     in lawful money of the United States of America;
and/or

 

  ¨                      shares of the Company’s common stock; and/or

 

  ¨ irrevocable instructions to a broker pursuant to a sale and remittance
program approved by the Administrator; and/or

 

  ¨                      shares of the Company’s common stock pursuant to the
net issue exercise provisions of Section 4(b)(iv) of the Incentive Stock Option
Agreement.

2. Investment and Taxation Representations. In connection with the purchase of
the Shares pursuant to the Incentive Stock Option Agreement, Optionee represents
to the Company the following:

(a) Optionee is aware of the Company’s business affairs and financial condition
and has acquired sufficient information about the Company to reach an informed
and knowledgeable decision to acquire the Shares; and

(b) Optionee understands that Optionee may suffer adverse tax consequences as a
result of Optionee’s purchase or disposition of the Shares. Optionee represents
that Optionee has consulted any tax consultants Optionee deems advisable in
connection with the purchase or disposition of the Shares and that Optionee is
not relying on the Company for any tax advice.

 

 

* Insert here the number of shares called for on the face of the Option, or, in
the case of a partial exercise, the number of shares being exercised, in either
case without making any adjustment for additional Common Stock of the Company,
other securities or property that, pursuant to the adjustment provisions of the
Option, may be deliverable upon exercise.

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I ACKNOWLEDGE AND AGREE THAT THE SHARES ARE SUBJECT TO THE TERMS OF THE STANDARD
TERMS INCLUDED WITH THE NOTICE OF INCENTIVE STOCK OPTION GRANT.

Dated:                     

 

 

(Signature must conform in all respects to name of

holder as specified on the face of the Option)

 

(Please Print Name)

 

(Address)

 

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