ex10-1.htm


    AMENDMENT
NO. 3

    


    TO

    


    PROXIM
WIRELESS CORPORATION

    


    2004 STOCK
PLAN

    


    


    This Amendment No. 3 to the Proxim
Wireless Corporation 2004 Stock Plan, as amended to date (as amended, the
“Original Plan”) is effective as of May 21, 2008.

    


    The first sentence of Section 4 of the
Original Plan is hereby replaced in its entirety to read as
follows:

    


    The
aggregate number of shares of Common Stock which may be issued under this Plan
is Four Million Six Hundred Fifty Thousand (4,650,000), subject to adjustment as
provided in Section 11.

    


    The text of Section 6(a) of the
Original Plan is hereby replaced in its entirety to read as
follows:

    


    The
exercise price for each Option to acquire a share of the Company’s Common Stock
will be at least equal to the fair market value per share of that Common Stock
on the Date of Grant.  However, if the Optionee owns more than ten
percent of the total combined voting power of all classes of stock of the
Company or an Affiliate, the exercise price for an ISO share must be at least
one hundred ten percent (110%) of the fair market value per share on the Date of
Grant, determined without regard to any restriction other than a restriction
which, by its terms, will never lapse.

    


    The text of Section 11 of the Original
Plan is hereby replaced in its entirety to read as follows:

    


    Adjustments.  Notwithstanding
any other provision of this Plan, the Committee shall at any time make or
provide for such adjustments to this Plan, to the number and class of shares
available under this Plan or to any outstanding Stock Rights, as it deems
appropriate to prevent dilution or enlargement of rights, including adjustments
in the event of distributions to holders of Common Stock of other than a normal
cash dividend, and changes in the outstanding Common Stock by reason of stock
dividends, split-ups, recapitalizations, mergers, consolidations, combinations
or exchanges of shares, separations, reorganizations, liquidations and the
like.  In the event of any general offer to holders
of


    
      
         


      

      
         


        
          

        

      

      
         


      

    


    Common
Stock relating to the acquisition of their shares, the Committee may make such
adjustment as it deems equitable in respect of outstanding Stock Rights
including, in the Committee's discretion, revision of outstanding Stock Rights
so that they may be exercisable for the consideration payable in the acquisition
transaction.  Any such determination by the Committee will be
conclusive.

    


    The
substantive effects of this amendment are (a) to increase the number of shares
which may be issued under the Original Plan by One Million Five Hundred Thousand
(1,500,000) from Three Million One Hundred Fifty Thousand (3,150,000) to Four
Million Six Hundred Fifty Thousand (4,650,000), (b) to require that both
incentive stock options and non-qualified stock options have an exercise price
at least equal to the fair market value of the company’s common stock on the
date of grant, and (c) to require (as opposed to being optional) the Committee
to make equitable adjustments to outstanding stock rights in the event of
specified non-routine dividends and changes in the company’s common
stock.

    


    All other provisions of the Original
Plan remain unchanged.

     

     

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