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EXHIBIT 10.6
 LUMINENT MORTGAGE CAPITAL, INC.
2003 OUTSIDE ADVISORS STOCK INCENTIVE PLAN, AS AMENDED
 1. PURPOSE OF PLAN
 Plan Corporation Management Company
 2. ELIGIBILITY
 2.1
    
    Eligible Persons.The Administrator (as such term is defined in Section 3.1) may grant
awards under this Plan only to those persons that the Administrator determines to be
Eligible Persons. An Eligible Personis the Management Company, any affiliate or
subsidiary of the Management Company, and any person who is either: (a) an officer (whether
or not a director) or employee of the Management Company or one of its affiliates or
subsidiaries; or (b) a director of the Management Company or one of its affiliates or
subsidiaries. An Eligible Person who has been granted an award (a participant) may, if
otherwise eligible, be granted additional awards if the Administrator shall so determine.2.2
    
    Ownership Limit.Notwithstanding anything else contained herein or in any award
hereunder to the contrary, no Person may receive Common Stock upon the grant, exercise or
payment of an award to the extent that it will cause such Person to Beneficially Own or
Constructively Own Capital Stock in excess of the Ownership Limit. If a Person would be
entitled to receive or acquire shares of Common Stock but for the limitation of the
preceding sentence, the Corporation shall have the right to deliver to the Person, in lieu
of Common Stock, a check or cash in the amount equal to the value of the Common Stock
otherwise deliverable, subject to any applicable tax withholding or other authorized
deductions. For purposes of this limitation, the terms Person, Beneficially Own,
Constructively Own, Capital Stock, and Ownership Limit are used as defined in the
Corporations Articles of Incorporation.
 3. PLAN ADMINISTRATION
 3.1
    
    The Administrator.This Plan shall be administered by and all awards under this Plan
shall be authorized by the Administrator. The Administratormeans the Board of Directors
of the Corporation (the Board) or one or more committees appointed by the Board or another
committee (within its delegated authority) to administer all or certain aspects of this
Plan. Any such committee shall be comprised solely of one or more directors or such number
of directors as may be required under applicable law. A committee may delegate some or all
of its authority to another committee so constituted. The Board may delegate different
levels of authority to different committees with administrative and grant authority under
this Plan. Unless otherwise provided in the Bylaws of the Corporation or the applicable
charter of any Administrator: (a) a majority of the members of the acting Administrator
shall constitute a quorum, and (b) the vote of a majority of the members present assuming
the presence of a quorum or the unanimous written consent of the members of the
Administrator shall constitute action by the acting Administrator.




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3.2
    
    Powers of the Administrator.Subject to the express provisions of this Plan and
compliance with Section 2-203 of the Maryland General Corporation Law, the Administrator is
authorized and empowered to do all things necessary or desirable in connection with the
authorization of awards and the administration of this Plan (in the case of a committee,
within the authority delegated to that committee), including, without limitation, the
authority to:
 (a)
    
    determine eligibility and, from among those persons determined to be eligible, the
particular Eligible Persons who will receive an award under this Plan;(b)
    
    grant awards to Eligible Persons, determine the price at which securities will be
offered or awarded and the number of securities to be offered or awarded to any of such
persons, determine the other specific terms and conditions of such awards consistent with
the express limits of this Plan, establish the installments (if any) in which such awards
shall become exercisable or shall vest (which may include, without limitation,
performance and/or time-based schedules), or determine that no delayed exercisability or
vesting is required, establish any applicable performance targets, and establish the
events of termination or reversion of such awards;(c)
    
    approve the forms of award agreements (which need not be identical either as to
type of award or among participants);(d)
    
    construe and interpret this Plan and any agreements defining the rights and
obligations of the Corporation and participants under this Plan, further define the terms
used in this Plan, and prescribe, amend and rescind rules and regulations relating to the
administration of this Plan or the awards granted under this Plan;(e)
    
    cancel, modify, or waive the Corporations rights with respect to, or modify,
discontinue, suspend, or terminate any or all outstanding awards, subject to any required
consent under Section 8.6.5;(f)
    
    accelerate or extend the vesting or exercisability or extend the term of any or all
such outstanding awards (in the case of options or stock appreciation rights, within the
maximum ten-year term of such awards) in such circumstances as the Administrator may deem
appropriate (including, without limitation, in connection with a termination of
employment or services or other events of a personal nature) subject to any required
consent under Section 8.6.5;(g)
    
    adjust the number of shares of Common Stock subject to any award, adjust the price
of any or all outstanding awards, reprice any or all outstanding awards (by amendment,
exchange or other means) or otherwise change previously imposed terms and conditions, in
such circumstances as the Administrator may deem appropriate, in each case subject to
Sections 4 and 8.6;(h)
    
    determine the date of grant of an award, which may be a designated date after but
not before the date of the Administrators action (unless otherwise designated by the
Administrator, the date of grant of an award shall be the date upon which the
Administrator took the action granting an award);(i)
    
    determine whether, and the extent to which, adjustments are required pursuant to
Section 7 hereof and authorize the termination, conversion, substitution or succession of
awards upon the occurrence of an event of the type described in Section 7;(j)
    
    acquire or settle (subject to Sections 7 and 8.6) rights under awards in cash,
stock of equivalent value, or other consideration; and(k)
    
    determine the fair market value of the Common Stock or awards under this Plan from
time to time and/or the manner in which such value will be determined.
 3.3
    
    Binding Determinations.Any action taken by, or inaction of, the Corporation or any of
its subsidiaries, or the Administrator relating or pursuant to this Plan and within its
authority hereunder or under applicable law shall be within the absolute discretion of that
entity or body and shall be conclusive and binding upon all persons. Neither the Board nor
any Board committee, nor any member thereof or person acting at the direction thereof, shall
be liable for any act, omission, interpretation, construction or determination made in good
faith in connection with this Plan (or any award made under this Plan), and all such persons
shall be entitled to indemnification and reimbursement by the Corporation in respect of any
claim, loss, damage or expense (including, without limitation, attorneys fees) arising or
resulting therefrom to the fullest extent permitted by law and/or under any directors and
officers liability insurance coverage that may be in effect from time to time.
 2




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3.4
    
    Reliance on Experts.In making any determination or in taking or not taking any action
under this Plan, the Board or a committee, as the case may be, may obtain and may rely upon
the advice of experts, including employees and professional advisors to the Corporation. No
director, officer or agent of the Corporation shall be liable for any such action or
determination taken or made or omitted in good faith.3.5
    
    Delegation.The Administrator may delegate ministerial, non-discretionary functions to
individuals who are officers or employees of the Corporation or to third parties.
 4. SHARES OF COMMON STOCK SUBJECT TO THE PLAN; SHARE LIMITS
 4.1
    
    Shares Available.Subject to the provisions of Section 7.1, the capital stock that may
be delivered under this Plan shall be shares of the Corporations authorized but unissued
Common Stock and any shares of its Common Stock held as treasury shares. For purposes of
this Plan, Common Stockshall mean the common stock of the Corporation and such other
securities or property as may become the subject of awards under this Plan, or may become
subject to such awards, pursuant to an adjustment made under Section 7.1.4.2
    
    Share Limits.The maximum number of shares of Common Stock that may be delivered
pursuant to awards granted to Eligible Persons under this Plan (the Share Limit) is
150,000 shares. The foregoing numerical limit is subject to adjustment as contemplated by
Section 4.3, Section 7.1 and Section 8.10.4.3
    
    Awards Settled in Cash, Reissue of Awards and Shares.To the extent that an award is
settled in cash or a form other than shares of Common Stock, the shares that would have been
delivered had there been no such cash or other settlement shall not be counted against the
shares available for issuance under this Plan. In the event that shares are delivered in
respect of a dividend equivalent, stock appreciation right, or other award, only the actual
number of shares delivered with respect to the award shall be counted against the share
limits of this Plan. Shares that are subject to or underlie awards which expire or for any
reason are cancelled or terminated, are forfeited, fail to vest, or for any other reason are
not paid or delivered under this Plan shall again be available for subsequent awards under
this Plan. Shares that are exchanged by a participant or withheld by the Corporation as full
or partial payment in connection with any award under this Plan, as well as any shares
exchanged by a participant or withheld by the Corporation to satisfy the tax withholding
obligations related to any award under this Plan, shall be available for subsequent awards
under this Plan.4.4
    
    Reservation of Shares; No Fractional Shares; Minimum Issue.The Corporation shall at
all times reserve a number of shares of Common Stock sufficient to cover the Corporations
obligations and contingent obligations to deliver shares with respect to awards then
outstanding under this Plan (exclusive of any dividend equivalent obligations to the extent
the Corporation has the right to settle such rights in cash). No fractional shares shall be
delivered under this Plan. The Administrator may pay cash in lieu of any fractional shares
in settlements of awards under this Plan. No fewer than one hundred (100) shares may be
purchased on exercise of any award (or, in the case of stock appreciation or purchase
rights, no fewer than one hundred (100) rights may be exercised at any one time) unless the
total number purchased or exercised is the total number at the time available for purchase
or exercise under the award.
 5. AWARDS
 5.1
    
    Type and Form of Awards.The Administrator shall determine the type or types of
award(s) to be made to each selected Eligible Person. Awards may be granted singly, in
combination or in tandem. Awards also may be made in combination or in tandem with, in
replacement of, as alternatives to, or as the payment form for grants or rights under any
other employee or compensation plan of the Corporation. The types of awards that may be
granted under this Plan are:
 5.1.1 Stock Options.
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5.1.2 Stock Appreciation Rights. SAR
 5.1.3 Other Awards.
 5.2
    
    Award Agreements.Each award shall be evidenced by a written award agreement in the
form approved by the Administrator and executed on behalf of the Corporation and, if
required by the Administrator, executed by the recipient of the award. The Administrator may
authorize any officer of the Corporation (other than the particular award recipient) to
execute any or all award agreements on behalf of the Corporation. The award agreement shall
set forth the material terms and conditions of the award as established by the Administrator
consistent with the express limitations of this Plan.5.3
    
    Deferrals and Settlements.Payment of awards may be in the form of cash, Common Stock,
other awards or combinations thereof as the Administrator shall determine, and with such
restrictions as it may impose. The Administrator may also require or permit participants to
elect to defer the issuance of shares or the settlement of awards in cash under such rules
and procedures as it may establish under this Plan. The Administrator may also provide that
deferred settlements include the payment or crediting of interest or other earnings on the
deferral amounts, or the payment or crediting of dividend equivalents where the deferred
amounts are denominated in shares.5.4
    
    Consideration for Common Stock or Awards.The purchase price for any award granted
under this Plan or the Common Stock to be delivered pursuant to an award, as applicable, may
be paid by means of any lawful consideration as determined by the Administrator, including,
without limitation, one or a combination of the following methods:
 
    
    services rendered by the recipient of such award;
    
    cash, check payable to the order of the Corporation, or electronic funds transfer;
    
    notice and third party payment in such manner as may be authorized by the Administrator;
    
    the delivery of previously owned shares of Common Stock;
    
    by a reduction in the number of shares otherwise deliverable pursuant to the award;
    
    by delivery of one or more promissory notes from the Eligible Person, provided that
any such note shall be subject to terms and conditions established by the Administrator
and the requirements of applicable law; or
    
    subject to such procedures as the Administrator may adopt, pursuant to a cashless
exercise with a third party who provides financing for the purposes of (or who otherwise
facilitates) the purchase or exercise of awards.
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5.5
    
    Definition of Fair Market Value.For purposes of this Plan, fair market value shall
mean, unless otherwise determined or provided by the Administrator in the circumstances: (a)
the closing price of a share of Common Stock as reported on the composite tape of the
principal national securities exchange on which the Common Stock is listed or admitted to
trade (the Exchange) for the date in question or, if no sales of Common Stock were made on
the Exchange on that date (or if the market has not closed at the applicable time), the
closing price of a share of Common Stock as reported on the composite tape of the Exchange
for the next preceding day on which sales of Common Stock were made on the Exchange; or (b)
if the stock is not listed or admitted to trade on a national securities exchange, then the
last trading price for a share of Common Stock for the date in question (or as of the most
recent trading date if there were no sales of Common Stock on the date in question or if the
market has not closed at the applicable time) as furnished by the National Association of
Securities Dealers, Inc. (NASD). The Administrator may, however, provide with respect to
one or more awards that the fair market value shall equal the last closing or trading price
of a share of Common Stock as reported on the composite tape of the Exchange or by the NASD
available on the date in question or the average of the high and low prices, or the average
of the bid and asked prices, of a share of Common Stock as reported on the composite tape of
the Exchange or by the NASD (or by a similar organization if the NASD is no longer reporting
such information) for the date in question or the most recent trading day. If the Common
Stock is not listed or admitted to trade on a national securities exchange and if prices for
the Common Stock are not furnished by the NASD, or if the Common Stock is not actively traded
as of the applicable date, the fair market value of the Common Stock shall be the value as
reasonably determined by the Administrator for purposes of the award in the circumstances.
The Administrator also may adopt a different methodology for determining fair market value
with respect to one or more awards if a different methodology is necessary or advisable to
secure any intended favorable tax, legal or other treatment for the particular award(s) (for
example, and without limitation, the Administrator may provide that fair market value for
purposes of one or more awards will be based on an average of closing prices (or the average
of high and low daily trading prices) for a specified period preceding the relevant date).5.6
    
    Transfer Restrictions.
 5.6.1 Limitations on Exercise and Transfer.
 5.6.2 Further Exceptions to Limits on Transfer.
 (a)
    
    transfers to the Corporation,(b)
    
    the designation of a beneficiary to receive benefits in the event of the
participants death or, if the participant has died, transfers to or exercise by the
participants beneficiary, or, in the absence of a validly designated beneficiary,
transfers by will or the laws of descent and distribution,(c)
    
    transfers by gift to immediate family as that term is defined in Rule 16a-1(e)
promulgated under the Securities Exchange Act of 1934, as amended,(d)
    
    if the participant has suffered a disability, permitted transfers or exercises on
behalf of the participant by his or her legal representative, or(e)
    
    the authorization by the Administrator of cashless exercise procedures with third
parties who provide financing for the purpose of (or who otherwise facilitate) the
exercise of awards consistent with applicable laws and the express authorization of the
Administrator.
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5.7
    
    Tandem Awards.The Administrator may grant an award to the Management Company and a
corresponding tandem award to another Eligible Person and provide with respect to such
awards that the Management Companys award shall not be payable or exercisable unless and
until the related tandem award terminates and/or that an exercise or payment of either of
such award shall result in a corresponding reduction in the number of shares subject to or
other potential benefits in respect of the other award. Any such awards shall be subject to
such other terms and conditions as the Administrator shall prescribe in the circumstances.
 6. EFFECT OF TERMINATION OF EMPLOYMENT OR SERVICE ON AWARDS
 6.1
    
    General.The Administrator shall establish the effect of a termination of employment or
service on the rights and benefits under each award under this Plan and in so doing may make
distinctions based upon, inter alia, the cause of termination and type of award.6.2
    
    Events Not Deemed Terminations of Employment.Unless the Administrator otherwise
provides, the employment relationship shall not be considered terminated in the case of (a)
sick leave, (b) military leave, or (c) any other leave of absence authorized by the
Management Company or the Administrator; provided that unless reemployment upon the
expiration of such leave is guaranteed by contract or law, such leave is for a period of not
more than ninety (90) days. In the case of any employee of the Management Company on an
approved leave of absence, continued vesting of the award while on leave from the employ of
the Management Company may be suspended until the employee returns to service, unless the
Administrator otherwise provides or applicable law otherwise requires. In no event shall an
award be exercised after the expiration of the term set forth in the award agreement.6.3
    
    Effect of Change of Subsidiary Status.For purposes of this Plan and any award, if an
entity ceases to be a subsidiary of or other entity controlled by the Management Company a
termination of employment or service shall be deemed to have occurred with respect to each
Eligible Person in respect of such entity who does not continue as an Eligible Person in
respect of another entity within the Management Company after giving effect to the entitys
change in status.
 7. ADJUSTMENTS; ACCELERATION
 7.1
    
    Adjustments.Upon or in contemplation of: any reclassification, recapitalization, stock
split (including a stock split in the form of a stock dividend) or reverse stock split
(stock split); any merger, combination, consolidation, or other reorganization; any
spin-off, split-up, or similar extraordinary dividend distribution in respect of the Common
Stock (whether in the form of securities or property); any exchange of Common Stock or other
securities of the Corporation, or any similar, unusual or extraordinary corporate
transaction in respect of the Common Stock; or a sale of all or substantially all the
business or assets of the Corporation as an entirety; then the Administrator shall, in such
manner, to such extent (if any) and at such time as it deems appropriate and equitable in
the circumstances:
 (a)
    
    proportionately adjust any or all of (1) the number and type of shares of Common
Stock (or other securities) that thereafter may be made the subject of awards (including
the specific share limits, maximums and numbers of shares set forth elsewhere in this
Plan), (2) the number, amount and type of shares of Common Stock (or other securities or
property) subject to any or all outstanding awards, (3) the grant, purchase, or exercise
price (which term includes the base price of any SAR or similar right) of any or all
outstanding awards, (4) the securities, cash or other property deliverable upon exercise
or payment of any outstanding awards, or (5) (subject to Section 7.7) the performance
standards applicable to any outstanding awards, or(b)
    
    make provision for a cash payment or for the assumption, substitution or exchange
of any or all outstanding share-based awards or the cash, securities or property
deliverable to the holder of any or all outstanding share-based awards, based upon the
distribution or consideration payable to holders of the Common Stock upon or in respect
of such event.
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7.2
    
    Automatic Acceleration of Awards.Upon a dissolution of the Corporation or other event
described in Section 7.1 that the Corporation does not survive (or does not survive as a
public company in respect of its Common Stock), then each then outstanding option and SAR
shall become fully vested, all shares of restricted stock then outstanding shall fully vest
free of restrictions, and each other award granted under this Plan that is then outstanding
shall become payable to the holder of such award; provided that such acceleration provision
shall not apply, unless otherwise expressly provided by the Administrator, with respect to
any award to the extent that the Administrator has made a provision for the substitution,
assumption, exchange or other continuation or settlement of the award, or the award would
otherwise continue in accordance with its terms, in the circumstances.7.3
    
    Possible Acceleration of Awards.Without limiting Section 7.2, in the event of a Change
in Control Event (as defined below), the Administrator may, in its discretion, provide that
any outstanding option or SAR shall become fully vested, that any share of restricted stock
then outstanding shall fully vest free of restrictions, and that any other award granted
under this Plan that is then outstanding shall be payable to the holder of such award. The
Administrator may take such action with respect to all awards then outstanding or only with
respect to certain specific awards identified by the Administrator in the circumstances. For
purposes of this Plan, Change in Control Eventmeans any of the following:
 (a)
    
    The acquisition by any individual, entity or group (within the meaning of Section
13(d)(3) or 14(d)(2) of the Securities Exchange Act of 1934, as amended (a Person)) of
beneficial ownership (within the meaning of Rule 13d-3 promulgated under the Securities
Exchange Act of 1934, as amended) of 20% or more of either (1) the then-outstanding shares of common stock of the Corporation (the Outstanding Company Common Stock) or (2)
the combined voting power of the then-outstanding voting securities of the Corporation
entitled to vote generally in the election of directors (the Outstanding Company Voting
Securities); provided, however, that, for purposes of this definition, the following
acquisitions shall not constitute a Change in Control Event; (A) any acquisition directly
from the Corporation, (B) any acquisition by the Corporation, (C) any acquisition by any
employee benefit plan (or related trust) sponsored or maintained by the Corporation or
any affiliate of the Corporation or a successor, or (D) any acquisition by any entity
pursuant to a transaction that complies with Sections (c)(1), (2) and (3) below;(b)
    
    Individuals who, as of the Effective Date, constitute the Board (the Incumbent
Board) cease for any reason to constitute at least a majority of the Board; provided,
however, that any individual becoming a director subsequent to the Effective Date whose
election, or nomination for election by the Corporations stockholders, was approved by a
vote of at least two-thirds of the directors then comprising the Incumbent Board
(including for these purposes, the new members whose election or nomination was so
approved, without counting the member and his predecessor twice) shall be considered as
though such individual were a member of the Incumbent Board, but excluding, for this
purpose, any such individual whose initial assumption of office occurs as a result of an
actual or threatened election contest with respect to the election or removal of
directors or other actual or threatened solicitation of proxies or consents by or on
behalf of a Person other than the Board;(c)
    
    Consummation of a reorganization, merger, statutory share exchange or consolidation
or similar corporate transaction involving the Corporation or any of its Subsidiaries, a
sale or other disposition of all or substantially all of the assets of the Corporation,
or the acquisition of assets or stock of another entity by the Corporation or any of its
Subsidiaries (each, a Business Combination), in each case unless, following such
Business Combination, (1) all or substantially all of the individuals and entities that
were the beneficial owners of the Outstanding Company Common Stock and the Outstanding
Company Voting Securities immediately prior to such Business Combination beneficially
own, directly or indirectly, more than 50% of the then-outstanding shares of common stock
and the combined voting power of the then-outstanding voting securities entitled to vote
generally in the election of directors, as the case may be, of the entity resulting from
such Business Combination (including, without limitation, an entity that, as a result of
such transaction, owns the Corporation or all or substantially all of the Corporations
assets directly or through one or more subsidiaries (a Parent)) in substantially the
same proportions as their ownership immediately prior to such Business Combination of the
Outstanding Company Common Stock and the Outstanding Company Voting Securities, as the
case may be, (2) no Person (excluding any entity resulting from such Business Combination
or a Parent or any employee benefit plan (or related trust) of the Corporation or such
entity resulting from such Business Combination or Parent) beneficially owns, directly or
indirectly, 20% or more of, respectively, the then-outstanding shares of common stock of
the entity resulting from such Business Combination or the combined voting power of the
then-outstanding voting securities of such entity, except to the extent that the
ownership in excess of 20% existed prior to the Business Combination, and (3) at least a
majority of the members of the board of
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(d)
    
    Approval by the stockholders of the Corporation of a complete liquidation or
dissolution of the Corporation other than in the context of a transaction that does not
constitute a Change in Control Event under clause (c) above.
 7.4
    
    Early Termination of Awards.Any award that has been accelerated as required or
contemplated by Section 7.2 or 7.3 (or would have been so accelerated but for Section 7.5,
7.6 or 7.7) shall terminate upon the related event referred to in Section 7.2 or 7.3, as
applicable, subject to any provision that has been expressly made by the Administrator,
through a plan of reorganization or otherwise, for the survival, substitution, assumption,
exchange or other continuation or settlement of such award and provided that, in the case of
options and SARs that will not survive, be substituted for, assumed, exchanged, or otherwise
continued or settled in the transaction, the holder of such award shall be given reasonable
advance notice of the impending termination and a reasonable opportunity to exercise his or
her outstanding options and SARs in accordance with their terms before the termination of
such awards (except that in no case shall more than ten days notice of accelerated vesting
and the impending termination be required and any acceleration may be made contingent upon
the actual occurrence of the event).7.5
    
    Other Acceleration Rules.Any acceleration of awards pursuant to this Section 7 shall
comply with applicable legal requirements and, if necessary to accomplish the purposes of
the acceleration or if the circumstances require, may be deemed by the Administrator to
occur a limited period of time not greater than thirty (30) days before the event. Without
limiting the generality of the foregoing, the Administrator may deem an acceleration to
occur immediately prior to the applicable event and/or reinstate the original terms of an
award if an event giving rise to an acceleration does not occur. The Administrator may
override the provisions of Section 7.2, 7.3, 7.4 and/or 7.6 by express provision in the
award agreement and may accord any Eligible Person a right to refuse any acceleration,
whether pursuant to the award agreement or otherwise, in such circumstances as the
Administrator may approve.7.6
    
    Possible Rescission of Acceleration.If the vesting of an award has been accelerated
expressly in anticipation of an event or upon stockholder approval of an event and the
Administrator later determines that the event will not occur, the Administrator may rescind
the effect of the acceleration as to any then outstanding and unexercised or otherwise
unvested awards.7.7
    
    Golden Parachute Limitation.Notwithstanding anything else contained in this Section 7
to the contrary, in no event shall an award be accelerated under this Plan to an extent or
in a manner which would not be fully deductible by the Corporation for federal income tax
purposes because of Section 280G of the Code, nor shall any payment hereunder be accelerated
to the extent any portion of such accelerated payment would not be deductible by the
Corporation because of Section 280G of the Code. If a participant would be entitled to
benefits or payments hereunder and under any other plan or program that would constitute
parachute payments as defined in Section 280G of the Code, then the participant may by
written notice to the Corporation designate the order in which such parachute payments will
be reduced or modified so that the Corporation is not denied federal income tax deductions
for any parachute payments because of Section 280G of the Code. Notwithstanding the
foregoing, an employment or other agreement with the participant may expressly provide for
benefits in excess of amounts determined by applying the foregoing Section 280G limitations.
 8. OTHER PROVISIONS
 8.1
    
    Compliance with Laws.This Plan, the granting and vesting of awards under this Plan,
the offer, issuance and delivery of shares of Common Stock, the acceptance of promissory
notes and/or the payment of money under this Plan or under awards are subject to compliance
with all applicable federal and state laws, rules and regulations (including but not limited
to state and federal securities law, federal margin requirements) and to such approvals by
any listing, regulatory or governmental authority as may, in the opinion of counsel for the
Corporation, be necessary or advisable in connection therewith. The person acquiring any
securities under this Plan will, if requested by the Corporation, provide such assurances
and representations to the Corporation as the Administrator may deem necessary or desirable
to assure compliance with all applicable legal and accounting requirements.8.2
    
    Employment Status.No person shall have any claim or rights to be granted an award (or
additional awards, as the case may be) under this Plan, subject to any express contractual
rights (set forth in a document other than this Plan) to the contrary.
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8.3
    
    No Employment/Service Contract.Nothing contained in this Plan (or in any other
documents under this Plan or in any award) shall confer upon any Eligible Person or other
participant any right to continue in the employ or other service of the Corporation or the
Management Company or the affiliates of either of them, constitute any contract or agreement
of employment or other service or affect an employees status as an employee at will, nor
shall interfere in any way with the right of the Corporation, the Management Company, or
their respective affiliates to change a persons compensation or other benefits, or to
terminate his or her employment or other service, with or without cause. Nothing in this
Section 8.3, however, is intended to adversely affect any express independent right of such
person under a separate employment or service contract other than an award agreement.8.4
    
    Plan Not Funded.Awards payable under this Plan shall be payable in shares or from the
general assets of the Corporation, and no special or separate reserve, fund or deposit shall
be made to assure payment of such awards. No participant, beneficiary or other person shall
have any right, title or interest in any fund or in any specific asset (including shares of
Common Stock, except as expressly otherwise provided) of the Corporation by reason of any
award hereunder. Neither the provisions of this Plan (or of any related documents), nor the
creation or adoption of this Plan, nor any action taken pursuant to the provisions of this
Plan shall create, or be construed to create, a trust of any kind or a fiduciary
relationship between the Corporation and any participant, beneficiary or other person. To
the extent that a participant, beneficiary or other person acquires a right to receive
payment pursuant to any award hereunder, such right shall be no greater than the right of
any unsecured general creditor of the Corporation.8.5
    
    Tax Withholding.Upon any exercise, vesting, or payment of any award, the Corporation
shall have the right at its option to:
 (a)
    
    require the participant (or the participants personal representative or
beneficiary, as the case may be) to pay or provide for payment of at least the minimum
amount of any taxes which the Corporation or its affiliates may be required to withhold
with respect to such award event or payment; or(b)
    
    deduct from any amount otherwise payable in cash to the participant (or the
participants personal representative or beneficiary, as the case may be) the minimum
amount of any taxes which the Corporation or its affiliates may be required to withhold
with respect to such cash payment.
  8.6
    
    Effective Date, Termination and Suspension, Amendments.
 8.6.1 Effective Date. Effective Date
 8.6.2 Board Authorization.
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8.6.3 Stockholder Approval.
 8.6.4 Amendments to Awards.
 8.6.5 Limitations on Amendments to Plan and Awards.
 8.7
    
    Privileges of Stock Ownership.Except as otherwise expressly authorized by the
Administrator or this Plan, a participant shall not be entitled to any privilege of stock
ownership as to any shares of Common Stock not actually delivered to and held of record by
the participant. No adjustment will be made for dividends or other rights as a stockholder
for which a record date is prior to such date of delivery.8.8
    
    Governing Law; Severability.
 8.8.1 Choice of Law.
 8.8.2 Severability.
 8.9
    
    Captions.Captions and headings are given to the sections and subsections of this Plan
solely as a convenience to facilitate reference. Such headings shall not be deemed in any
way material or relevant to the construction or interpretation of this Plan or any provision
thereof.8.10
    
    Non-Exclusivity of Plan.Nothing in this Plan shall limit or be deemed to limit the
authority of the Board or the Administrator to grant awards or authorize any other
compensation, with or without reference to the Common Stock, under any other plan or
authority.8.11
    
    No Corporate Action Restriction.The existence of this Plan, the award agreements and the
awards granted hereunder shall not limit, affect or restrict in any way the right or power of
the Board or the stockholders of the Corporation to make or authorize: (a) any adjustment,
recapitalization, reorganization or other change in the capital structure or business of the
Corporation or any subsidiary, (b) any merger, amalgamation, consolidation or change in the
ownership of the Corporation or any subsidiary, (c) any issue of bonds, debentures, capital,
preferred or prior preference stock ahead of or affecting the capital stock (or the rights
thereof) of the Corporation or any subsidiary, (d) any dissolution or liquidation of the
Corporation or any subsidiary, (e) any sale or transfer of all or any part of the assets or
business of the Corporation or any subsidiary, or (f) any other corporate act or proceeding
by the Corporation or any subsidiary. No participant, beneficiary or any other person shall
have any claim under any award or award agreement against any member of the Board or the
Administrator, or the Corporation or any employees, officers or agents of the Corporation or
any subsidiary, as a result of any such action.8.12 Other Corporation Benefit and Compensation Programs.Payments and other benefits received
by a participant under an award made pursuant to this Plan shall not be deemed a part of a
participants compensation for purposes of the determination of benefits under any other
employee welfare or benefit plans or arrangements, if any, provided by the Corporation,
except where the Administrator expressly otherwise provides or authorizes in writing. Awards
under this Plan may be made in addition to, in combination with, as alternatives to or in
payment of grants, awards or commitments under any other plans or arrangements of the
Corporation.
 10