EXHIBIT
4.2


MICRO
COMPONENT TECHNOLOGY, INC.


STOCK OPTION PLAN FOR OUTSIDE DIRECTORS


(as amended through April 25, 2007)


ARTICLE I


PURPOSE


The purpose of this Plan is to provide a means whereby Micro Component
Technology, Inc. (the “Company”) may be able, by granting options to purchase
shares of the Company’s Common Stock (“Common Stock”), to attract and retain
qualified outside (non-employee) directors, and to motivate such
directors, through an increased personal interest in the Company, to exert
their best efforts on behalf of the Company, and thus to advance the interests
of the Company and its shareholders.


ARTICLE II


RESERVATION OF SHARES


A
total of 670,000 shares of authorized but unissued Common Stock is reserved for
issue upon the exercise of options granted under the Plan.  If any option expires or terminates for any
reason without having been exercised in full, the unpurchased shares covered
thereby shall become available for additional options which may be issued to
persons eligible under the Plan so long as it remains in effect.  Shares reserved for issue as provided herein
shall cease to be reserved upon termination of the Plan.


ARTICLE III


ADMINISTRATION


The
Plan shall be administered by the Board of Directors of the Company.  The Board shall have full power to construe
and interpret the Plan and to establish and amend rules and regulations for its
administration, subject to the express provisions of the Plan.  The Board may grant options under the Plan to
any director who is not an employee of the Company.











ARTICLE IV


GRANT OF OPTIONS


Each person who
becomes an outside director of the Company after this Plan becomes effective
shall automatically be granted an option to purchase 10,000 shares of Common
Stock immediately upon first being appointed or elected as a director of the
Company.  Beginning in the 1996 calendar
year, each outside director shall also automatically be granted an option to
purchase 10,000 shares of Common Stock immediately upon each re-election
as a director, or on the anniversary of the prior year’s grant in any year in
which there is no meeting of the shareholders at which directors are
elected.  In no event shall a director
receive more than one grant in any fiscal year.


ARTICLE V


PRICE


The
option price per share of Common Stock, to be determined from time to time by
the Board, shall be not less than the fair market value of such stock on the
date an option to purchase the same is granted. 
The fair market value of the Common Stock as of any date shall be equal
to the closing sale price of the Common Stock on the next preceding trading
date as reported by the NASDAQ Small Cap Market or National Market System, or
any other market, system or exchange on which a majority of the trades in the
Common Stock occur.


ARTICLE VI


CHANGES IN PRESENT STOCK


In the event of a
recapitalization, merger, consolidation, reorganization, stock dividend, stock
split or other change in capitalization affecting the Company’s present capital
stock, appropriate adjustment may be made by the Board in the number and kind
of shares and the option price of shares which are or may become subject to
options granted or to be granted hereunder.


ARTICLE VII


EXERCISE OF OPTIONS


An
optionee shall exercise an option by delivery of a signed, written notice to
the Company, specifying the number of shares to be purchased, together with
payment of the full purchase price for the shares.  The Company may accept payment from a broker
on behalf of the optionee and may, upon receipt of signed, written instructions
from the optionee, deliver the shares directly to the broker.  The date of receipt by the Company of the
final item required under this paragraph shall be the date of exercise of the
option.











ARTICLE VIII


OPTION PROVISIONS


Each
option granted under the Plan shall be evidenced by a Stock Option Agreement
executed by the Company and the optionee, and shall be subject to the following
terms and conditions, and such other terms and conditions as may be prescribed
by the Board:


(a)                                  Payment.  The full purchase price of the shares
acquired upon exercise of any option shall be paid in cash, by certified or
cashier’s check, or in the form of shares of Common Stock with a fair market
value equal to the full purchase price and free and clear of all liens and
encumbrances.


(b)                                 Exercise
Period.  The period within which an
option must be exercised shall be the earlier of (i) ten years from the date of
grant thereof, or (ii) the date which is one year after the director ceases to
be a director for any reason.  An option
may not be exercised during the first year after the date of grant.  The option shall become exercisable to the
extent of 50 percent of the shares on the first anniversary of the date of
grant and 100 percent of the shares on the second anniversary of the date of
grant, provided the optionee is still a director on each such anniversary
date.  To the extent exercisable, an
option may be exercised in whole or in part.


A
director who voluntarily declines to stand for re-election after the age
of 60 shall not be required to exercise his or her options within one year
after he or she ceases to be a director and shall continue to vest in his or
her options after he or she ceases to be a director.  In no event shall any of such director’s
options be exercisable more than ten years after the date of grant thereof.


Outstanding
options shall become immediately exercisable in full in the event that the
Company is acquired by merger, purchase of all or substantially all of the
Company’s assets, or purchase of a majority of the outstanding stock by a
single party or a group acting in concert.











(c)                                  Rights
of Optionee Before Exercise.  The
holder of an option shall not have the rights of a stockholder with respect to
the shares covered by his or her option until such shares have been issued to
him or her upon exercise of an option.


(d)                                 Non-transferability
of Option.  No option shall be
transferable by the optionee otherwise than by will or by the laws of descent
and distribution, and each option shall be exercisable during the optionee’s lifetime
only by the optionee.  In the event of
the death of an optionee, the option, or any portion thereof, may be exercised
to the extent the optionee was entitled to do so at the time of his or her
death, by his or her personal representative.


ARTICLE IX


RESTRICTIONS ON TRANSFER


During
any period in which the offering of the shares under the Plan is not registered
under federal and state securities laws, the optionees shall agree in the Stock
Option Agreements that they are acquiring shares under the Plan for investment
purposes, and not for resale, and that the shares cannot be resold or otherwise
transferred except pursuant to registration or unless, in the opinion of
counsel for the Company, registration is not required.


Any
restrictions upon shares acquired upon exercise of an option pursuant to the
Plan and the Stock Option Agreement shall be binding upon the optionee and his
or her heirs, executors, and administrators. 
Any stock certificate issued under the Plan which is subject to
restrictions shall be endorsed so as to refer to the restrictions on transfer
imposed by the Plan and by applicable securities laws.


ARTICLE X


EFFECTIVE DATE AND DURATION


The
plan shall become effective as of February 15, 1996, and shall continue in
effect until February 15, 2006, unless earlier terminated by the Board of
Directors pursuant to Article XI.











ARTICLE XI


AMENDMENT OR TERMINATION OF THE PLAN


The Board of Directors of
the Company may at any time terminate the Plan, or make such modifications of
the Plan as it shall deem advisable, provided that the provisions relating to
timing of option grants, size of grants, and exercise price cannot be amended
more than once in any six-month period. 
In addition, the Board may not terminate the Plan or any options granted
thereunder at the time of a merger or other acquisition of the Company, or
within six months thereafter, without the consent of the optionees.  No termination or amendment of the Plan may,
without the consent of the optionees to whom any options shall theretofore have
been granted,