**RADIANT        LOGISTICS, INC.**

**2005        STOCK INCENTIVE PLAN**

**Section        1.**
**General        Purpose of the Plan; Definitions. **

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**Section        2.**
**Administration**
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|  | (a) | construe                  the Plan and any Award under the                  Plan; |
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|   | (b) | select                  the directors, officers, employees and consultants of any Participating                  Company to whom Awards may be                  granted; |
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|  | (c) | determine                  the number of shares of Stock to be covered by any                  Award; |
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|  | (d) | determine                      and modify from time to time the terms and conditions, including                      restrictions, of any Award and to approve the form of written                      instrument                      evidencing Awards; |
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|   | (e) | accelerate                  at any time the exercisability or vesting of all or any portion                  of any                  Award and/or to include provisions in Awards providing for such                  acceleration; |
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|   | (f) | impose                  limitations on Awards, including limitations on transfer and repurchase                  provisions; |
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|   | (g) | extend                  the exercise period within which Stock Options may be exercised;                  and |
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|   | (h) | determine                  at any time whether, to what extent, and under what circumstances                  Stock                  and other amounts payable with respect to an Award shall be deferred                  either automatically or at the election of the participant and                  whether and                  to what extent the Company shall pay or credit amounts constituting                  interest (at rates determined by the Plan Administrator) or dividends                  or                  deemed dividends on such deferrals. |
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**Section        3**
**Delegation        of Authority to Grant Awards. **

**Section        4**
**Eligibility**
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**Section        5**
**Shares        Subject to the Plan**
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**Section        6**
**Stock        Options. **
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**Section        7**
**ISO        Fair Market Value Limitation. **

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**Section        8**
**Terms        of Options.**
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**8.1**
**Exercise        Price.**

**8.2**
**Exercise        Period.**

**8.3**
**Effect        of Termination of Service.**

| (i)                            | **Death.**** **If                  a participant shall cease to perform Service as a result of such                  participant's death, any Options then exercisable shall be exercisable                  until the earlier to occur of one year anniversary of the participant's                  death or the expiration of the Option Period and only by the participant's                  personal representative or persons entitled thereto under the                  participant's will or the laws of descent and                  distribution. |
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|   | (ii) | **Termination                  of Service.**** **If                  a participant shall cease to perform Service to any member of the                  Participating Company Group, all Options to which the participant                  is then                  entitled to exercise may be exercised until the earlier to occur                  of the                  three month anniversary of the participant's termination of Service                  or the                  expiration of the Option Period or, if such termination was due                  to                  disability or retirement (as hereinafter defined), until the earlier                  to                  occur of the one year anniversary of the participant's termination                  of                  Service or the expiration of the Option Period. Notwithstanding                  the                  foregoing, in the event that any termination of Service shall be                  for                  “Cause” (as defined herein) or the participant voluntarily terminates                  his                  or her Service, then any and all Options held by such participant                  shall                  terminate within 15 days’ notice of such termination. For purposes of the                  Plan, "retirement" shall mean the termination of employment with                  the                  Participating Company Group, other than for Cause, at any time                  under                  circumstances which would entitle such participant to other retirement                  benefits provided by the Participating Company to whom the participant                  was                  providing Service immediately prior to the termination of Service                  or such                  other circumstances that the Plan Administrator concludes should                  be deemed                  a retirement. |
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|   | (iii) | **Limitation                  on Shares.**** **The                  Option may not be exercised for more shares (subject to adjustment                  as                  provided in Section 11) after the termination of the participant's                  Service than the participant was entitled to purchase thereunder                  at the                  time of the termination of such                  relationship. |
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**8.4**
**Payment        of Exercise Price.**

**8.5**
**Nontransferability        of Options.**

**Section        9**
**Stock        Awards.**

|   | (a) | The                  Plan Administrator may grant Stock Awards to any officer, employee                  or                  consultant with any member of the Participating Company Group.                  A Stock                  Award entitles the recipient to acquire shares of Stock subject                  to such                  restrictions and conditions as the Plan Administrator may determine                  at the                  time of grant ("Stock Award"). Conditions may be based on continuing                  employment (or other business relationship) and/or achievement                  of                  pre-established performance goals and                  objectives. |
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| (b)                           | Upon                  execution of a written instrument setting forth the Stock Award                  and paying                  any applicable purchase price, a participant shall have the rights                  of a                  shareholder with respect to the Stock subject to the Stock Award,                  including, but not limited to the right to vote and receive dividends                  with                  respect thereto; provided, however, that shares of Stock subject                  to Stock                  Awards that have not vested shall be subject to the restrictions                  on                  transferability described in Section 9(d) below. Unless the Plan                  Administrator shall otherwise determine, certificates evidencing                  the Stock                  Awards shall remain in the possession of the Company until such                  Stock is                  vested as provided in Section 9(c)                  below. |
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| (c)            | The                  Plan Administrator at the time of grant shall specify the date                  or dates                  and/or the attainment of pre-established performance goals, objectives                  and                  other conditions on which Stock shall become vested, subject to                  such                  further rights of the Company or its assigns as may be specified                  in the                  instrument evidencing the Stock Award. If the participant or the                  Company,                  as the case may be, fails to achieve the designated goals or the                  participant's relationship with the Company is terminated prior                  to the                  expiration of the vesting period, the participant shall forfeit                  all shares                  of Stock subject to the Stock Award which have not then                  vested. |
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| (d)         **  ** | Unvested                  Stock may not be sold, assigned transferred, pledged or otherwise                  encumbered or disposed of except as specifically provided herein                  or in the                  written instrument evidencing the Stock                  Award. |
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**Section        10**
**Tax        Withholding.**

|   | (a) | Whenever                  shares of Stock or Options are to be issued or cash is to be paid                  under                  the Plan, under circumstances in which the Plan Administrator believes                  that any federal, state or local tax withholding may be imposed,                  the                  Company or Subsidiary, as the case may be, shall have the right                  to require                  the participant to remit to the Company or Subsidiary, as the case                  may be,                  an amount sufficient to satisfy the minimum federal, state and                  local tax                  withholding requirements prior to the delivery of any certificate                  for                  shares or any proceeds; provided, however, that in the case of                  a                  participant who receives an Award of Stock under the Plan which                  is not                  fully vested, the participant shall remit such amount on the first                  business day following the Tax Date. The "Tax Date" for purposes                  of this                  Section 10 shall be the date on which the amount of tax                  to be                  withheld is determined. If a participant makes a disposition of                  Stock                  acquired upon the exercise of an Incentive Stock Option within                  either two                  years after the Option was granted or one year after its exercise                  by the                  participant, the participant shall promptly notify the Company                  and the                  Company shall have the right to require the participant to pay                  to the                  Company an amount sufficient to satisfy federal, state and local                  tax                  withholding requirements. |
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|   | (b) | A                  participant who is obligated to pay the Company an amount required                  to be                  withheld under applicable tax withholding requirements may pay                  such amount                  (i) in cash; (ii) in the discretion of the Plan Administrator,                  through the delivery to the Company of previously-owned shares                  of Stock                  having an aggregate Fair Market Value on the Tax Date equal to                  the tax                  obligation provided that the previously owned shares delivered                  in                  satisfaction of the withholding obligations must have been held                  by the                  participant for at least six (6) months; (iii) in the discretion                  of the                  Plan Administrator, through an election to have the Company withhold                  shares of Stock otherwise issuable to the participant having a                  Fair Market                  Value on the Tax Date equal to the amount of tax required to be                  withheld,                  or (iv) in the discretion of the Plan Administrator, through a                  combination                  of the procedures set forth in subsections (i), (ii) and (iii)                  of this                  Section 10(b). |
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|   | (c) | An                  election by a participant to have shares of Stock withheld to satisfy                  federal, state and local tax withholding requirements pursuant                  to                  Section 10(b) must be in writing and delivered to the Company                  prior                  to the Tax Date. |
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**Section        11**
**Adjustment        of Number and Price of Shares.**

|   | (a) | If,                  through or as a result of any merger, consolidation, sale of all                  or                  substantially all of the assets of the Company, reorganization,                  recapitalization, reclassification, stock dividend, stock split,                  reverse                  stock split or other similar transaction, the outstanding shares                  of Stock                  are increased or decreased or are exchanged for a different number                  or kind                  of shares or other securities of the Company, or additional shares                  or new                  or different shares or other securities of the Company or other                  non-cash                  assets are distributed with respect to such shares of Stock or                  other                  securities, the Plan Administrator shall make an appropriate or                  proportionate adjustment in (i) the number of Stock Options that                  can be                  granted to any one individual participant, (ii) the number and                  kind of                  shares or other securities subject to any then outstanding Awards                  under                  the Plan, and (iii) the price for each share subject to any then                  outstanding Stock Options under the Plan, without changing the                  aggregate                  exercise price (i.e., the exercise price multiplied by the number                  of                  shares) as to which such Stock Options remain exercisable. The                  adjustment                  by the Plan Administrator shall be final, binding and                  conclusive. |
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|   | (b) | In                  the event that, by reason of a corporate merger, consolidation,                  acquisition of property or stock, separation, reorganization or                  liquidation, the Board of Directors shall authorize the issuance                  or                  assumption of a stock Option or stock Options in a transaction                  to which                  Section 424(a) of the Code applies, then, notwithstanding                  any other                  provision of the Plan, the Plan Administrator may grant an Option                  or                  Options upon such terms and conditions as it may deem appropriate                  for the                  purpose of assumption of the old Option, or substitution of a new                  Option                  for the old Option, in conformity with the provisions of Code                  Section 424(a) and the rules and regulations thereunder,                  as they may                  be amended from time to time. |
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|   | (c) | No                  adjustment or substitution provided for in this Section 11                  shall                  require the Company to issue or to sell a fractional share under                  any                  Option Agreement or share award agreement and the total adjustment                  or                  substitution with respect to each stock Option and share award                  agreement                  shall be limited accordingly. |
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|   | (d) | In                  the case of (i) the dissolution or liquidation of the Company,                  (ii) a                  merger, reorganization or consolidation in which the Company is                  acquired                  by another person or entity (other than a holding company formed                  by the                  Company), (iii) the sale of all or substantially all of the assets                  of the                  Company to an unrelated person or entity, or (iv) the sale of all                  of the                  stock of the Company to a unrelated person or entity (in each case,                  a                  "Fundamental Transaction"), the Plan and all Awards granted hereunder                  shall terminate, unless provision is made in connection with the                  Fundamental Transaction for the assumption of the Awards heretofore                  granted, or the substitution of such Awards with new awards of                  the                  successor entity, with appropriate adjustment as to the number                  and kind of                  shares and, if appropriate, the per share exercise price as provided                  in                  Subsections (a) and (b) of this Section 11. In the event                  of such                  termination and in the event the Board does not provide for the                  Cash                  Payment described in Subsection (e) of this Section each participant                  shall                  be notified of such proposed termination and permitted to exercise                  for a                  period of at least 15 days prior to the date of such termination                  all                  Options held by such participant which are then                  exercisable. |
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| (e)                           | In                  the event that the Company shall be merged or consolidated with                  another                  corporation or entity, other than a corporation or entity which                  is an                  "affiliate" of the Company. under the terms of which holders of                  Stock of                  the Company will receive upon consummation thereof a cash payment                  for each                  share of Stock of the Company surrendered pursuant to such Business                  Combination (the "Cash Purchase Price"), the Board of Directors                  may                  provide that all outstanding Options shall terminate upon consummation                  of                  such transaction and each participant shall receive, in exchange                  therefor,                  a cash payment equal to the amount (if any) by which (i) the Cash                  Purchase                  Price multiplied by the number of shares of Stock of the Company                  subject                  to outstanding Options held by such participant exceeds (ii) the                  aggregate                  exercise price of such Options. |
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**Section        12**
**Change        in Control.**

|   | (a) | Unless                  otherwise provided in such participant’s Option Agreement, agreements                  relating to Stock Awards or in a written employment or other agreement                  directly addressing the same subject matter as addressed below,                  in the                  event that the Plan is terminated as a result of or following a                  Change in                  Control (as defined herein), all vested Options and Stock Awards                  then                  outstanding at the time of such Plan termination may be exercised                  for a                  period of thirty (30) days from the date of notice of the proposed                  termination. In such event, all participants shall be credited                  with an                  additional six (6) months of service for the purpose of any otherwise                  unvested Options and Stock Awards. Upon a Change in Control in                  which the                  Plan is either assumed or otherwise not subject to termination,                  if during                  the remaining term of such a participant's Options or Stock Awards,                  the                  participant is terminated other than for Cause, the participant                  will, at                  the time of such termination, be credited with an additional six                  (6)                  months of service for the purpose of any otherwise unvested Options                  and                  Stock Awards; however, in the event of a termination for Cause,                  all                  Options shall immediately terminate and all unvested portions of                  Stock                  Awards shall immediately terminate. |
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|   | (b) | As                  used herein, a "Change in Control" shall be deemed to have occurred                  if:                  (i) any "person" (as such term is used in Section 13(d) and 14(d)                  of the                  Exchange Act) acquires "beneficial ownership" (as defined in Rule                  13d-3                  under the Exchange Act), directly or indirectly, of securities                  of the                  Company representing fifty percent (50%) or more of the voting                  power of                  the then outstanding securities of the Company except where the                  acquisition is approved by the Board; or (ii) if the Company is                  to be                  consolidated with or acquired by another entity in a merger or                  other                  reorganization in which the holders of the outstanding voting stock                  of the                  Company immediately preceding the consummation of such event, shall,                  immediately following such event, hold, as a group, less than a                  majority                  of the voting securities of the surviving or successor entity or                  in the                  event of a sale of all or substantially all of the Company's assets                  or                  otherwise. |
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|   | (c) | Notwithstanding                  anything in the Plan to the contrary, the acceleration of vesting                  and                  exercisability provided by Subsection (a) of this Section shall                  not occur                  if in the judgment of the Plan Administrator; (i) such acceleration                  would                  have a material adverse effect upon the transaction causing the                  Change in                  Control; and the Company’s Board of Directors directed the Plan                  Administrator that the transaction causing the Change in Control                  was in                  the best interests of the Company and its shareholders; or (ii)                  the                  acceleration could expose the Company to certain adverse tax, accounting,                  legal or regulatory issues. |
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**Section        13**
**No        Right to Future Employment. **

**Section        14**
**Amendment        and Discontinuance. **

**Section        15**
**Compliance        with Section 16. **
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**Section        16**
**Compliance        with Governmental Regulations.**

**Section        17**
**Participation        by Foreign Nationals**
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**Section        18**
**Effective        Date of Plan - Shareholder Approval**
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**Section        19**
**Governing        Law. **

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