Document:

SUBSCRIPTION
      AGREEMENT

    

    This
      Subscription Agreement dated as of __________, 2007 (the “Agreement”)
      is
      entered into by and among CampusTech, Inc., a Delaware corporation (the
“Company”),
      and
      the individuals and entities listed on Exhibit A
      hereto
      (the “Purchasers”).

    

    BACKGROUND

     

    WHEREAS,
      the Company is offering in a private placement to “accredited investors” (as
      such term in defined in Regulation D (“Regulation
      D”)
      promulgated under the Securities Act of 1933, as amended (the “Securities
      Act”))
      a
      minimum of $500,000 (the “Minimum
      Amount”)
      and up
      to $6,000,000 (the “Maximum
      Amount”)
      of
      units (the “Units”),
      each
      Unit consisting of: (i) ten thousand (10,000) shares of Series A convertible
      preferred stock, $0.0001 par value per share, of the Company (the “Series
      A Preferred Stock”),
      and
      (ii) a three-year warrant (the “Warrant”)
      to
      purchase a number of shares of the Company’s common stock, $0.0001 par value per
      share (the “Common
      Stock”),
      representing 40% of the Series A Preferred Stock divided by the applicable
      conversion price in effect at the time of exercise, in the form attached hereto
      at Exhibit C
      (the
“Offering”);
      and

    

    WHEREAS,
      each Purchaser desires to purchase that number of Units set forth on the
      signature page hereof, in the minimum investment amount of $20,000, on the
      terms
      and conditions hereinafter set forth and on the terms and conditions set forth
      herein.

     

    NOW,
      THEREFORE, in consideration of the premises and the mutual representations
      and
      covenants hereinafter set forth, the parties hereto agree as
      follows:

    

      1. Authorization
      and Sale of Units.

    

    1.1 Authorization.
      The
      Company has, or before the Initial Closing (as defined in Section 2) will
      have, duly authorized the sale and issuance, pursuant to the terms of this
      Agreement, of (a) up to 3,000,000 shares of its Series A Preferred Stock and
      (b)
      Warrants to purchase up to 1,200,000 shares of Common Stock. The Company has
      adopted and filed with the Secretary of State of the State of Delaware a
      Certificate of Designation, Preferences and Rights of Series A Convertible
      Preferred Stock of the Company in the form attached hereto as Exhibit
      B
      (the
“Certificate
      of Designation”).
      The
      Series A Preferred Stock has the rights, preferences, privileges and
      restrictions set forth in the Certificate of Designation.

    

    1.2 Sale
      of Units; Subscription for Units.
      Subject
      to the terms and conditions of this Agreement, at the applicable Closing, the
      Company will sell and issue to each of the Purchasers, and each of the
      Purchasers will purchase the number of Units set forth opposite such Purchaser’s
      name on Exhibit A
      for the
      purchase price of $20,000 per Unit and for the aggregate subscription amount
      set
      forth on the signature page hereto. The Series A Preferred Stock, the Warrants
      and the shares of common stock issuable upon the exercise of the Warrants being
      sold under this Agreement are sometimes hereinafter collectively referred to
      as
      the “Securities.”
The
      Company’s agreement with each of the Purchasers is a separate agreement, and the
      sale of Units to each of the Purchasers is a separate sale.

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    To
      subscribe for Units, this Agreement must be properly completed, executed and,
      prior to the Company’s receipt of subscriptions representing the Minimum Amount,
      the purchase price delivered to the Company. A Purchaser desiring to deliver
      the
      purchase price for the Units in the form of wire transfer shall wire
      to:
      Bank Name: UNITED
      BANK, N.A., ABA
      #: 056004445,
      Acct
      #: 04333-2917,
      Acct.
      Name: CAMPUSTECH,
      INC. (DEL).
      If the
      purchase price is paid by wire transfer, the Purchaser shall: (i) include the
      Purchaser’s name in the wire transfer instructions; and (ii) request from the
      bank or other financial institution that is originating the transfer the federal
      wire number with respect to the wire and retain that number for future
      reference. If a subscription is not accepted, whether in whole or in part,
      the
      subscription funds held by the Company will be returned to the investor without
      interest or deduction. 

    

    1.3 Use
      of
      Proceeds.
      The
      Company will use the net proceeds from the sale of the Units as set forth in
      the
      Memorandum (hereinafter defined).

    

    2. The
      Closing.
      The
      initial closing shall occur on the sale by the Company of at least the Minimum
      Amount under this Agreement and shall take place at such time and place as
      the
      Company may designate (the “Initial Closing,”
and
      the date on which the Initial Closing occurs, the “Initial
      Closing Date”).
      Following the Initial Closing Date, and up to June 30, 2007 (the “Termination
      Date”),
      the
      Company may hold additional closings (each, with the Initial Closing, a
“Closing”,
      and
      each such date, with the Initial Closing Date, a “Closing
      Date”)
      until
      the earlier of: (i) such time as the Company has sold up to the Maximum Amount
      or (ii) the Termination Date. Each Purchaser acknowledges that no assurances
      can
      be given that either the Minimum Amount or the Maximum Amount will be
      sold.

    

    Promptly
      following the applicable Closing, the Company shall deliver to each of the
      Purchasers (i) a stock certificate representing the share(s) of Series A
      Preferred Stock and (ii) Warrants being purchased by such Purchaser, registered
      in the name of such Purchaser, against payment to the Company of the purchase
      price therefor by check or wire transfer, as specified in Exhibit
      A.

    

    Each
      Purchaser hereby authorizes and directs the Company to deliver the Securities
      to
      be issued to the Purchaser pursuant to this Agreement directly to the
      residential or business address indicated on the signature page
      hereto.

    

    3. Representations
      of the Purchasers.
      Each of
      the Purchasers severally represents and warrants to the Company as
      follows:

    

    (a) The
      Purchaser has received and carefully reviewed a copy of the confidential private
      placement memorandum relating to the Securities (the “Memorandum”)
      and
      any amendments or supplements thereto, has carefully considered the risk factors
      discussed in the “Risk Factors” section and has had the opportunity to obtain
      any additional information or documentation necessary to verify the information
      contained in such documents.

     

    
      
        
        

      

      
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    (b) The
      Purchaser has had a reasonable opportunity to ask questions of and receive
      answers from the Company concerning the Company and the Offering, and all such
      questions, if any, have been answered to the full satisfaction of the Purchaser.
      

    

    (c) The
      Purchaser understands that the Company has determined that the exemption from
      the registration provisions of the Securities Act provided by Regulation D
      is
      applicable to the offer and sale of the Securities, based, in part, upon the
      representations, warranties and agreements made by the Purchaser
      herein.

    

    (d) Except
      as
      set forth herein, no representations or warranties have been made to the
      Purchaser by the Company or any agent, employee or affiliate of the Company
      and
      in entering into this transaction, the Purchaser is not relying upon any
      information other than the results of independent investigation by the
      Purchaser.

    

    (e) The
      Purchaser has full power and authority to execute and deliver this Agreement
      and
      to perform the obligations of the Purchaser hereunder and this Agreement is
      a
      legally binding obligation of the Purchaser enforceable in accordance with
      its
      terms and subject to laws of general application relating to bankruptcy,
      insolvency and the relief of debtors and rules of law governing specific
      performance, injunctive relief or other general principals of equity, whether
      such enforcement is considered in a proceeding in equity or law.

     
      (f)  
        Regulation D.

       

    

    (i) The
      Purchaser understands and acknowledges that: (A) the Securities acquired
      pursuant to this Agreement have not been registered under the Securities Act
      and
      are being sold in reliance upon an exemption from registration afforded by
      Regulation D; and that such Securities have not been registered with any
      state securities commission or authority; (B) pursuant to the requirements
      of
      Regulation D, the Securities may not be transferred, sold or otherwise
      exchanged unless in compliance with the provisions of Regulation D and/or
      pursuant to registration under the Securities Act, or pursuant to an available
      exemption thereunder; and (C) other than as set forth in Section 5.1 of this
      Agreement, the Company is under no obligation to register the Securities under
      the Securities Act or any state securities law, or to take any action to make
      any exemption from any such registration provisions available.

    

       (ii) The
      Purchaser is an “accredited investor” within the meaning of Rule 501 of
      Regulation D, is knowledgeable, sophisticated and experienced in making, and
      is
      qualified to make, decisions with respect to investment shares representing
      an
      investment decision like that involved in the purchase of the
      Securities.

    

    (iii) The
      Purchaser is purchasing the Securities for his, her or its own account for
      investment only and has no intention of selling or distributing the Securities
      and no other person has any interest in or participation in the Securities
      or
      any right, option, security interest, pledge or other interest in or to the
      Securities. The Purchaser recognizes that an investment in the Securities
      involves a high degree of risk, including a risk of total loss of the Purchaser.
      The Purchaser understands, acknowledges and agrees that it must bear the
      economic risk of its investment in the Securities for an indefinite period
      of
      time and has knowledge and experience in financial and business matters such
      that it is capable of evaluating the risks of the investment in the Securities
      and the Purchaser understands, acknowledges and agrees that prior to any such
      offer or sale, the Company may require, subject to the fulfillment of the
      Company’s obligations under Section 6 of this Agreement, as a condition to
      effecting a transfer of the Securities, an opinion of counsel, acceptable to
      the
      Company, as to the registration or exemption therefrom under the Securities
      Act
      and any state securities acts, if applicable.

     

    
      
        
        

      

      
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    (iv) The
      Purchaser acknowledges that the Securities will bear a legend in substantially
      the following form:

    

    THE
      SECURITIES REPRESENTED BY THIS CERTIFICATE (THE “SECURITIES”) HAVE NOT BEEN
      REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE “SECURITIES ACT”)
      OR ANY STATE SECURITIES LAWS AND, ACCORDINGLY, MAY NOT BE OFFERED OR SOLD EXCEPT
      PURSUANT TO AN EFFECTIVE REGISTRATION STATEMENT UNDER THE SECURITIES ACT OR
      PURSUANT TO AN AVAILABLE EXEMPTION FROM, OR IN A TRANSACTION NOT SUBJECT TO,
      THE
      REGISTRATION REQUIREMENTS OF THE SECURITIES ACT AND IN ACCORDANCE WITH
      APPLICABLE STATE SECURITIES LAWS AS EVIDENCED BY A LEGAL OPINION OF COUNSEL
      TO
      THE TRANSFEROR TO SUCH EFFECT, THE SUBSTANCE OF WHICH SHALL BE REASONABLY
      ACCEPTABLE TO THE COMPANY. THE SECURITIES ALSO ARE SUBJECT TO A LOCK-UP
      AGREEMENT BETWEEN THE HOLDER AND MAXIM GROUP LLC.

    

    (g) Neither
      the Purchaser, nor
      any
      affiliate of the Purchaser or any person acting on his, her or its behalf,
      has
      recently sold shares of unregistered Common Stock of the Company.

    

    (h) The
      Purchaser
      has
      carefully considered and has discussed with the Purchaser’s
      professional legal, tax, accounting and financial advisors, to the extent
the
      Purchaser
      has
      deemed necessary, the suitability of this investment and the transactions
      contemplated by this Subscription Agreement for the
      Purchaser’s
      particular federal, state, local and foreign tax and financial situation and
      has
      determined that this investment and the transactions contemplated by this
      Subscription Agreement are suitable for the
      Purchaser.
      The
      Purchaser
      relies
      solely on such advisors and not on any statements or representations of the
      Company or any of its agents. The
      Purchaser
      understands that the
      Purchaser
      (and not
      the Company) shall be responsible for the
      Purchaser’s
      own
      tax liability that may arise as a result of this investment or the transactions
      contemplated by this Subscription Agreement.

    

    (i) The
      information provided by the
      Purchaser
      in the
      Confidential Purchaser Questionnaire accompanying this Subscription Agreement
      is
      true and correct.

    

    4. Covenants,
      Representations and Warranties of the Company.
      The
      Company covenants with, represents and warrants to, the Purchasers as
      follows:

     

    (a) The
      Company and its Controlled Subsidiaries, are (a) corporations duly organized,
      validly existing and in good standing under the laws of their respective states
      of incorporation, each have full power and authority to own or lease all of
      the
      assets owned or leased by each of them and to conduct their respective business
      as described in the Memorandum and (b) are duly qualified to do business and
      in
      good standing as a foreign corporation in all jurisdictions in which the nature
      of the activities conducted or the character of the assets owned or leased
      makes
      such qualification necessary, except where the failure to be so qualified would
      not have a material adverse effect on the Company's presently conducted business
      taken as a whole with the business of the Controlled Subsidiaries (“Material
      Adverse Effect”).
      The
      term “Controlled Subsidiaries” means any corporation or other organization in
      which the Company owns, directly or indirectly, an equity or other ownership
      interest equal to or greater than 50 percent.

     

    
      
        
        

      

      
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    (b) The
      Company has all such corporate power and authority to enter into, deliver and
      perform this Agreement.

    

    (c) All
      necessary corporate action has been duly and validly taken by the Company to
      authorize the execution, delivery and performance of this Agreement by the
      Company, and the issuance and sale of the Securities to be sold by the Company
      pursuant to this Agreement. This Agreement has been duly and validly authorized,
      executed and delivered by the Company and constitutes the legal, valid and
      binding obligation of the Company enforceable against the Company in accordance
      with its terms, except as the enforceability thereof may be limited by
      bankruptcy, insolvency, reorganization, moratorium or other similar laws
      affecting the enforcement of creditors’ rights generally and by general
      equitable principles.

    

    (d) The
      execution, delivery and performance of this Agreement, and all other documents
      to be entered into by the Company in connection with any transaction described
      in the Memorandum or in connection with the Offering, and the consummation
      of
      the transactions contemplated hereby and thereby, have been or will be prior
      to
      such execution, delivery, performance or consummation, as the case may be,
      duly
      and validly authorized by the Company and do not and will not: (i) constitute,
      or result in, a breach or violation of any of the terms, provisions or
      conditions of the certificate of incorporation or by-laws of the Company (ii)
      constitute, or result in, a material violation of any applicable statute, law,
      ordinance or regulation of any state, territory or other jurisdiction, or (iii)
      violate, constitute, or result in, a default under (or an event which with
      the
      passing of time or the giving of notice or both would constitute a default
      under) or breach of the terms, provisions or conditions of any material
      indenture, note, contract, commitment, instrument or document to which the
      Company is or will be a party or by which the Company, or any of its properties
      are bound, or any award, judgment, decree, rule or regulation of any court
      or
      governmental or regulatory agency or body having jurisdiction over the Company
      or its respective activities or properties except, in the cases of clauses
      (ii)
      and (iii), where such defaults or violations do not, individually or in the
      aggregate, have a Material Adverse Effect.

    

    (e) The
      Memorandum and/or information provided by the Company to the Purchaser do not
      contain any untrue statement of a material fact or omit to state any material
      fact required to be stated therein or necessary to make the statements therein
      not misleading.

     

    
      
        
        

      

      
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    (f) As
      of the
      date hereof there is no litigation, arbitration, claim, governmental or other
      proceeding (formal or informal), or investigation pending or to the Company's
      knowledge threatened, with respect to the Company or its Controlled
      Subsidiaries, or their respective operations, businesses, properties, or assets,
      except as properly described in the Memorandum or such as individually or in
      the
      aggregate do not now have and will not in the future have a material adverse
      effect upon the operations, business, properties, or assets of the Company
      or
      its Controlled Subsidiaries. To the Company's knowledge, neither the Company
      nor
      its Controlled Subsidiaries are, nor as of each Closing Date shall be, in
      violation of, or in default with respect to, any law, rule, regulation, order,
      judgment, or decree, except as properly described in the Memorandum or such
      as
      individually or in the aggregate do not have and will not in the future have
      a
      material adverse effect upon the operations, business, properties, or assets
      of
      the Company; nor is the Company required to take any action in order to avoid
      any such violation or default.

    

    (g) To
      the
      best of its knowledge, neither the Company nor its Controlled Subsidiaries
      have
      infringed, are not infringing, and has not received notice of infringement
      with
      respect to asserted intangibles of others. To the best knowledge of the Company,
      none of the patents, patent applications, trademarks, service marks, trade
      names
      and copyrights, and licenses and rights to the foregoing presently owned or
      held
      by the Company, materially infringe upon any like right of any other person
      or
      entity. The Company: (i) owns or has the right to use, free and clear of all
      liens, charges, claims, encumbrances, pledges, security interests, defects
      or
      other restrictions of any kind whatsoever, sufficient patents, trademarks,
      service marks, trade names, copyrights, licenses and right with respect to
      the
      foregoing, to conduct its business as presently conducted except as set forth
      in
      the Memorandum, and (ii) except as set forth in the Memorandum, is not obligated
      or under any liability whatsoever to make any payments by way of royalties,
      fees
      or otherwise to any owner or licensee of, or other claimant to, any patent,
      trademark, service mark, trade name, copyright, know-how, technology or other
      intangible asset, with respect to the use thereof or in connection with the
      conduct of its business as now conducted or otherwise. The Company and its
      Controlled Subsidiaries has direct ownership of title to all their intellectual
      property (including all United States and foreign patent applications and
      patents), other proprietary rights, confidential information and know-how;
      owns
      all the rights to their Intangibles as are currently used in or have potential
      for use in their business.

    

    (h) The
      Series A Preferred Stock and the Warrants (and the shares of Common Stock
      thereunder) to be issued and sold to the undersigned as provided in the
      Memorandum have been duly authorized and when issued and delivered against
      payment therefor, will be validly issued, fully paid and non-assessable and
      will
      conform to the description thereof in the Memorandum. The Warrants are
      exercisable for Common Stock and the shares of Common Stock issuable upon
      exercise of the Warrants have been duly authorized and when issued and delivered
      upon exercise and due payment therefor will be validly issued, fully paid and
      non-assessable and will conform to the description thereof in the Memorandum;
      and there are no preemptive or other rights to subscribe for or to purchase,
      nor
      any restriction upon the voting or transfer of, any shares of the Common Stock
      issuable upon exercise of the Warrants pursuant to the Company's certificate
      of
      incorporation or by-laws or any agreement or other outstanding instrument to
      which the Company is a party or is otherwise known to the Company. The Company
      has reserved sufficient shares of Common Stock to be issued upon conversion
      or
      exercise of the Series A Preferred Stock or the Warrants.

     

    
      
        
        

      

      
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    (i) The
      Company shall provide for the transfer, upon request of the Purchaser, or
      removal of any legends upon the Securities, all as may be allowed in accordance
      with SEC Rule 144, and provide any required opinions of counsel to the Company’s
      transfer agents, at no cost to the Purchaser. The Company shall make generally
      available such information as may be necessary under SEC Rule 144 to allow
      for
      the resale of Securities by the Purchaser for at least three (3) years after
      the
      final Closing of the Offering.

    

    (j) Except
      as
      set forth in the Memorandum, neither the Company nor any subsidiary is a party
      to an agreement, instrument or understanding which calls for, and no securities
      of the Company or any of its Controlled Subsidiaries contain provisions relating
      to, the
      resetting or repricing
      of any debt or equity security instrument of the Company or any of its
      Controlled Subsidiaries. The issuance of the Securities or the consummation
      of
      the Offering will not trigger any resetting or repricing of any debt or equity
      security instrument of the Company or any of its Controlled Subsidiaries and,
      except as set forth in the Memorandum, will not result in any preemptive rights
      to acquire securities of the Company in favor of any third
      party.

    

    (k) Neither
      the Company nor any of its Controlled Subsidiaries are (i) in violation of
      its
      certificate of incorporation or by-laws, (ii) to the best knowledge of the
      Company, in violation of any statute, law, rule, code, administrative
      regulation, ordinance, judgment, order or decree of any government, governmental
      instrumentality, court, domestic or foreign, or arbitration panel or other
      body
      applicable to it where such violation would have a material adverse effect
      or
      (iii) to the best knowledge of the Company, in default in the performance or
      observance of any obligation, agreement, covenant or condition contained in
      any
      indenture, mortgage, deed of trust, voting agreement, voting trust agreement,
      loan agreement, bond, debenture, note or other evidence of indebtedness, lease,
      sublease, license agreement, contract or other agreement or instrument to which
      it is a party or by which it or any of its respective properties are bound
      or
      affected (“contracts”), where such defaults, singly or in the aggregate, would
      have a Material Adverse Effect. To the actual knowledge of the Company, no
      other
      party under any contract is in default in any material respect thereunder which
      affects the Company or any subsidiary.

    

    (l) The
      Company and its Controlled Subsidiaries: (i) has paid all federal, state, local
      and foreign taxes for which it is liable and has furnished all information
      returns it is required to furnish pursuant to the Internal Revenue Code of
      1986,
      as amended, (ii) has established adequate reserves for such taxes which are
      not
      due and payable and (iii) does not have any tax deficiency or claims
      outstanding, proposed or assessed against it.

    

    5. Covenants
      and Agreements of the Company.
      

    

    5.1 Mandatory
      Registration.
      Subject
      to the rights of holders of Company registration rights as disclosed on the
      Memorandum, concurrently with any initial, underwritten, public offering by
      the
      Company of Common Stock with gross proceeds to the Company exceeding $10,000,000
      (a “Qualifying
      IPO”),
      the
      Company shall include all Registrable Shares (as defined below) in the
      Registration Statement filed with the Securities and Exchange Commission (the
      “Commission”)
      in
      connection with the Qualifying IPO. 

     

    
      
        
        

      

      
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    5.2 Piggyback
      Registration Rights.
      Subject
      to the rights of holders of Company registration rights as disclosed on the
      Memorandum, if at any time the Company shall determine to register under the
      Securities Act any of its securities (other than on Form S-1, Form S-8 or Form
      S-4 or their then equivalents and other than shares to be issued solely: (i)
      in
      connection with a Qualifying IPO, (ii) any acquisition of any entity or business
      (iii) upon the exercise of stock options, or (iv) pursuant to employee benefit
      plans), it shall send to each holder of Registrable Shares (as defined below),
      including each holder who has the right to acquire Registrable Shares, written
      notice of such determination and, if within twenty (20) days after receipt
      of
      such notice, such holder shall so request in writing, the Company shall use
      its
      commercially reasonable efforts to include in such Registration Statement all
      or
      any part of the Registrable Shares such holder requests to be registered
      therein; provided that, if, in connection with any offering involving an
      underwriting of Common Stock to be issued by the Company, the managing
      underwriter shall prohibit the inclusion of shares of Common Stock by selling
      holders in such Registration Statement or shall impose a limitation on the
      number of shares of such Common Stock which may be included in any such
      Registration Statement because, in its judgment, such limitation is necessary
      to
      effect an orderly public distribution, the Company shall then be obligated
      to
      include in such Registration Statement only such limited portion (which may
      be
      none) of the Registrable Shares with respect to which such holder has requested
      inclusion hereunder. 

    

    The
      term
“Effectiveness
      Period”
means
      the period beginning on the date of effectiveness of the Registration Statement
      and ending the date which is the earlier date of when: (i) all Registrable
      Shares have been sold (other than in a private transaction) or (ii) all
      Registrable Shares covered by such Registration Statement may be sold
      immediately without registration under the Securities Act and without volume
      restrictions pursuant to Rule 144(k), as determined by the counsel to the
      Company pursuant to a written opinion letter to such effect, addressed and
      reasonably acceptable to the Company’s transfer agent and the affected
      Purchasers.

     

    The
      term
“Prospectus”
means
      the prospectus included in the Registration Statement (including, without
      limitation, a prospectus that includes any information previously omitted from
      a
      prospectus filed as part of an effective registration statement in reliance
      upon
      Rule 430A promulgated under the Securities Act), as amended or supplemented
      by
      any prospectus supplement, with respect to the terms of the offering of any
      portion of the Registrable Shares covered by the Registration Statement, and
      all
      other amendments and supplements to the Prospectus, including post-effective
      amendments, and all material incorporated by reference or deemed to be
      incorporated by reference in such Prospectus.

     

    The
      term
“Registration
      Statement”
means
      each registration statement required to be filed hereunder, including the
      Prospectus therein, amendments and supplements to such registration statement
      or
      Prospectus, including pre- and post-effective amendments, all exhibits thereto,
      and all material incorporated by reference or deemed to be incorporated by
      reference in such registration statement.

    

    The
      term
“Registrable
      Shares”
means
      the shares of Common Stock underlying the Series A Preferred Stock included
      in
      the Units and the shares of Common Stock underlying the Warrants included in
      the
      Units; provided, however, that shares of Common Stock shall cease to be
      Registrable Shares upon any sale of such shares pursuant to: (i) a registration
      statement filed under the Securities Act, or (ii) Rule 144 promulgated under
      the
      Securities Act.

     

    
      
        
        

      

      
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    5.3 Registration
      Procedures.
      If and
      whenever the Company is required by the provisions hereof to effect the
      registration of any Registrable Shares under the Securities Act, the Company
      shall:

     

    (a) (i)
      prepare and file with the Commission a Registration Statement covering the
      resale of the Registrable Shares; (ii) prepare and file with the Commission
      such
      amendments, including post-effective amendments, to the Registration Statement
      as may be necessary to keep the Registration Statement continuously effective
      as
      to the Registrable Shares for the Effectiveness Period; (iii) cause the related
      Prospectus to be amended or supplemented by any required Prospectus supplement,
      and as so supplemented or amended to be properly filed; (iv) respond as promptly
      as reasonably possible to any comments received from the Commission with respect
      to the Registration Statement or any amendment thereto; and (v) provide the
      Purchasers, as promptly as reasonably possible, true and complete copies of
      all
      correspondence and filings from and to the Commission relating to the
      Registration Statement;

     

    (b) furnish
      to the Purchasers, without charge, such number of copies of the Registration
      Statement and the Prospectus included therein (including each preliminary
      Prospectus) as they reasonably may request to facilitate the public sale or
      disposition of the Registrable Shares covered by the Registration
      Statement;

     

    (c) use
      commercially reasonable efforts to avoid the issuance of or, if issued, obtain
      the withdrawal of: (i) any order suspending the effectiveness of the
      Registration Statement or (ii) any suspension of the qualification (or exemption
      from qualification) of any of the Registrable Shares for sale in any
      jurisdiction, at the earliest practicable moment.

     

    (d)
       use
      its
      commercially reasonable efforts to register or qualify the Registrable Shares
      covered by such Registration Statement under the securities or “blue sky” laws
      of such jurisdictions within the United States as the Purchasers may request,
      provided, however, that the Company shall not for any such purpose be required
      to qualify generally to transact business as a foreign corporation in any
      jurisdiction where it is not so qualified or to consent to general service
      of
      process in any such jurisdiction;

     

    (e) (i)
      in
      the time and manner required by the trading market or system on which the
      Company is currently listed, prepare and file any additional shares listing
      application covering all of the Registrable Shares; (ii) use commercially
      reasonable efforts, regardless of listing or similar costs, to take all steps
      necessary to cause such Registrable Shares to be approved for listing on such
      trading market or system as soon as possible thereafter; and (iii) use
      commercially reasonable efforts, regardless of listing or similar costs, to
      maintain the listing of such Registrable Shares on such trading market or
      system; and

     

    (f) immediately
      notify the Purchasers at any time when a Prospectus relating thereto is required
      to be delivered under the Securities Act, of the happening of any event of
      which
      the Company has knowledge as a result of which the Prospectus contained in
      such
      Registration Statement, as then in effect, includes an untrue statement of
      a
      material fact or omits to state a material fact required to be stated therein
      or
      necessary to make the statements therein not misleading in light of the
      circumstances then existing. 

     

    
      
        
        

      

      
        9

        
          

        

      

      
        
        

      

    

     

    5.4 Registration
      Expenses.
      All
      expenses relating to the Company’s compliance with Sections 5.3 hereof,
      including, without limitation, all registration and filing fees, printing
      expenses, fees and disbursements of counsel and independent public accountants
      for the Company, fees and expenses (including reasonable counsel fees) incurred
      in connection with complying with state securities or “blue sky” laws, fees of
      the NASD, transfer taxes, fees of transfer agents and registrars, and reasonable
      fees of, and disbursements incurred by, one counsel for the Purchasers approved
      in advance by the Company, are called “Registration
      Expenses.”
The
      Company shall only be responsible for all Registration Expenses

    

    5.5 Indemnification.
      (a) In
      the event of a registration of any Registrable Shares under the Securities
      Act
      pursuant to this Agreement, the Company will indemnify and hold harmless each
      Purchaser, and their respective officers, directors, successors and assigns
      and
      each other person, if any, who controls such Purchaser, if any, within the
      meaning of the Securities Act, against any losses, claims, damages or
      liabilities, joint or several, to which such Purchaser, or such persons may
      become subject under the Securities Act or otherwise, insofar as such losses,
      claims, damages or liabilities (or actions in respect thereof) arise out of
      or
      are based upon any untrue statement or alleged untrue statement of any material
      fact contained in any Registration Statement under which such Registrable Shares
      were registered under the Securities Act pursuant to this Agreement, any
      preliminary Prospectus or final Prospectus contained therein, or any amendment
      or supplement thereof, or arise out of or are based upon the omission or alleged
      omission of the Company to state therein a material fact required to be stated
      therein or necessary to make the statements therein not misleading, and will
      reimburse each Purchaser, and each such person for any reasonable legal or
      other
      expenses incurred by them in connection with investigating or defending any
      such
      loss, claim, damage, liability or action; provided, however, that the Company
      will not be liable in any such case if and to the extent that any such loss,
      claim, damage or liability arises out of or is based upon an untrue statement
      or
      alleged untrue statement or omission or alleged omission so made in conformity
      with information furnished by or on behalf of such Purchaser or any such person
      in writing specifically for use in any such document, or the failure of such
      Purchaser to deliver a Prospectus, to the extent that such Purchaser was
      required to do so under applicable securities laws.

    

    (b) Promptly
      after receipt by a party entitled to claim indemnification hereunder (an
“Indemnified
      Party”)
      of
      notice of the commencement of any action, such Indemnified Party shall, if
      a
      claim for indemnification in respect thereof is to be made against a party
      hereto obligated to indemnify such Indemnified Party (an “Indemnifying
      Party”),
      notify the Indemnifying Party in writing thereof, but the omission so to notify
      the Indemnifying Party shall not relieve it from any liability which it may
      have
      to such Indemnified Party other than under this Section 5.5 and shall only
      relieve it from any liability which it may have to such Indemnified Party under
      this Section 5.5 if and to the extent the Indemnifying Party is prejudiced
      by
      such omission. In case any such action shall be brought against any Indemnified
      Party and it shall notify the Indemnifying Party of the commencement thereof,
      the Indemnifying Party shall be entitled to participate in and, to the extent
      it
      shall wish, to assume and undertake the defense thereof with counsel
      satisfactory to such Indemnified Party, and, after notice from the Indemnifying
      Party to such Indemnified Party of its election so to assume and undertake
      the
      defense thereof, the Indemnifying Party shall not be liable to such Indemnified
      Party under this Section 5.5 for any legal expenses subsequently incurred by
      such Indemnified Party in connection with the defense thereof; if the
      Indemnified Party retains its own counsel, then the Indemnified Party shall
      pay
      all fees, costs and expenses of such counsel, provided,
      however,
      that,
      if the defendants in any such action include both the Indemnified Party and
      the
      Indemnifying Party and the Indemnified Party shall have reasonably concluded
      that there may be reasonable defenses available to it which are different from
      or additional to those available to the Indemnifying Party or if the interests
      of the Indemnified Party reasonably may be deemed to conflict with the interests
      of the Indemnifying Party, the Indemnified Party shall have the right to select
      one separate counsel and to assume such legal defenses and otherwise to
      participate in the defense of such action, with the reasonable expenses and
      fees
      of such separate counsel and other expenses related to such participation to
      be
      reimbursed by the Indemnifying Party as incurred.

     

    
      
        
        

      

      
        10

        
          

        

      

      
        
        

      

    

     

    In
      order
      to provide for just and equitable contribution in the event of joint liability
      under the Securities Act in any case in which either: (i) any Purchaser, or
      any
      officer, director, successor, assign or controlling person of such Purchaser,
      makes a claim for indemnification pursuant to this Section 5.5 but it is
      judicially determined (by the entry of a final judgment or decree by a court
      of
      competent jurisdiction and the expiration of time to appeal or the denial of
      the
      last right of appeal) that such indemnification may not be enforced in such
      case
      notwithstanding the fact that this Section 5.5 provides for indemnification
      in
      such case, or (ii) contribution under the Securities Act may be required on
      the
      part of such Purchaser or such officer, director, successor, assign or
      controlling person of such Purchaser in circumstances for which indemnification
      is provided under this Section 5.5; then, and in each such case, the Company
      and
      such Purchaser will contribute to the aggregate losses, claims, damages or
      liabilities to which they may be subject (after contribution from others) in
      such proportion so that such Purchaser is responsible only for the portion
      represented by the percentage that the public offering price of its securities
      offered by the Registration Statement bears to the public offering price of
      all
      securities offered by such Registration Statement; provided, however, that,
      in
      any such case, (A) such Purchaser will not be required to contribute any amount
      in excess of the public offering price of all such securities offered by it
      pursuant to such Registration Statement; and (B) no person or entity guilty
      of
      fraudulent misrepresentation (within the meaning of Section 10(f) of the Act)
      will be entitled to contribution from any person or entity who was not guilty
      of
      such fraudulent misrepresentation.

    

    5.6 Reservation
      of Common Stock.
      The
      Company shall reserve and maintain a sufficient number of shares of Common
      Stock
      for issuance upon the exercise or conversion of all of the outstanding
      Securities. 

    

    5.7 Information
      Rights.
      Until
      the consummation of an initial public offering of the Company’s Common Stock,
      the Company shall provide to the Purchasers within 120 days following the end
      of
      the Company’s fiscal year (i) audited financial statements of the Company, and
      (ii) a copy of the auditor’s letter to management relating to such financial
      statements.

    

    6. Transfer
      of Securities.
      The
      Purchaser is aware that the Company will make a notation in its appropriate
      records and issue “stop transfer” instructions to its transfer agent with
      respect to the restrictions on the transferability of such
      Securities.

     

    
      
        
        

      

      
        11

        
          

        

      

      
        
        

      

    

     

    (a) The
      Purchaser understands that this subscription is not binding upon the Company
      until the Company accepts it, which acceptance is at the sole discretion of
      the
      Company and is to be evidenced by the Company’s execution of this Agreement
      where indicated. This Agreement shall be null and void if the Company does
      not
      accept it as aforesaid. In the event the Company does not accept the Offering
      proceeds, the Offering will not be completed and all Offering proceeds will
      thereafter be promptly returned to the Purchasers without interest or deduction.
      The undersigned understands that the Company may, in its sole discretion, reject
      this subscription, in whole or in part, and/or reduce this subscription in
      any
      amount and to any extent, whether or not pro rata reductions are made of any
      other investor’s subscription.

    

    (b) Subject
      to applicable state securities laws, the subscription delivered to the Company
      by the Purchaser pursuant to this Agreement is not subject to revocation by
      the
      Purchaser, but may be rejected by the Company, in whole or in part, in the
      Company’s sole discretion, in which event the purchase price and execution copy
      of this Agreement submitted will be returned (by mail) to the undersigned
      without interest or deduction within 15 business days thereafter. 

     

    7. Lock-Up
      Arrangements.
      Notwithstanding anything herein to the contrary, the Purchaser agrees that
      such
      Purchaser shall not, for a period commencing on the date of the final prospectus
      relating to a Qualifying IPO, pursuant to an effective registration statement
      under the Securities Act covering the offer and sale of Common Stock for the
      account of the Company and ending six (6) months thereafter (the “Lock-Up
      Period”)
      directly or indirectly, offer, sell, agree to offer or sell, solicit offers
      to
      purchase, grant any call option or purchase any put option with respect to,
      pledge, borrow or otherwise dispose of any Securities or the shares of Common
      Stock underlying such Securities (the “Relevant
      Securities”).
      Notwithstanding the foregoing, and subject to the conditions below, the
      Purchaser may transfer the Relevant Securities in the transactions described
      in
      clauses (i) through (vi) below, provided that (1) the Company receives a signed
      lock-up agreement for the balance of the lock-up period from each donee,
      trustee, distributee, or transferee, as the case may be, (2) any such transfer
      shall not involve a disposition for value, (3) such transfers are not required
      to be reported in any public report or filing with the Securities and Exchange
      Commission, or otherwise during the Lock-Up Period and (4) the Purchaser does
      not otherwise voluntarily effect any public filing or report regarding such
      transfers during the Lock-Up Period:

    

    
      	 	
              (i)

            	
              as
                a bona fide gift or gifts; or

            

    

     

    
      	 	
              (ii)

            	
              to
                any trust for the direct or indirect benefit of the Purchaser or
                the
                immediate family of the Purchaser;
                or

            

    

     

    
      	 	
              (iii)

            	
              as
                a distribution to members,
                partners or stockholders of the
                Purchaser;

            

    

     

    
      	 	
              (iv)

            	
              to
                the Purchaser’s affiliates or to any investment fund or other entity
                controlled or managed by the Purchaser, provided that such affiliate,
                investment fund or other entity controlled or managed by the Purchaser
                shall not be formed for the sole purpose of transferring, for value
                or
                otherwise, the Relevant Securities;
                or

            

    

     

    
      
        
        

      

      
        12

        
          

        

      

      
        
        

      

    

     

    
      	 	
              (v)

            	
              to
                any beneficiary of the Purchaser pursuant to a will or other testamentary
                document or applicable laws of descent;
                or

            

    

     

    
      	 	
              (vi)

            	
              to
                any corporation, partnership, limited liability company or other
                entity
                all of the beneficial ownership interests of which are held by the
                Purchaser or immediate family of the
                Purchaser.

            

    

     

    For
      purposes of this Section, “immediate family” shall mean any relationship by
      blood, marriage or adoption, not more remote than first cousin.

     

    8. Reverse
      Split.
      The
      Purchaser is aware that the Company (i) intends to initiate a reverse split
      of
      its shares of Common Stock at a ratio in the range between 1-for-2.1 to
      1-for-4.1 (the “Stock
      Split”)
      prior
      to the consummation of any initial public offering by the Company, and (ii)
      has
      previously obtained the necessary approval from its stockholders to initiate
      the
      Stock Split prior to the consummation of any initial public offering by the
      Company. The Purchaser agrees and consents that the Company may effect the
      Stock
      Split prior to the consummation of any initial public offering by the Company.
      

    

    9. Miscellaneous.
      

    

    9.1 Successors
      and Assigns.
      This
      Agreement and any rights and obligations hereunder may not be transferred or
      assigned by a Purchaser prior to the Company’s acceptance of the Purchaser’s
      subscription without the prior written consent of the Company. This Agreement
      shall inure to the benefit of, and be binding upon the Company and the
      Purchasers and their respective heirs, legal representatives and permitted
      assigns.

    

    9.2 Survival.
      All
      representations and warranties and all covenants, agreements and obligations
      made by the Company or the Purchasers in this Agreement, or in any instrument
      or
      document furnished in connection with this Agreement or the transactions
      contemplated hereby, shall survive the Closing and any investigation at any
      time
      made by or on behalf of any indemnified party. 

    

    9.3. Indemnification.
      The
      Purchaser agrees to indemnify and hold harmless the Company and its officers,
      directors, employees, shareholders, agents representatives and affiliates,
      and
      any person acting on behalf of the Company, from and against any and all damage,
      loss, liability, cost and expense (including reasonable attorneys’ fees) which
      any of them may incur by reason of the failure by the Purchasers to fulfill
      any
      of the terms and conditions of this Agreement, or by reason of any breach of
      the
      representations and warranties made by the Purchasers herein, or in any other
      document provided by the Purchasers to the Company. All representations,
      warranties and covenants of each of the Purchasers and the Company contained
      herein shall survive the acceptance of this subscription.

    

    9.4 Notices.
      All
      notices or other communications hereunder shall be in writing and shall be
      deemed to have been duly given if delivered personally or mailed by certified
      or
      registered mail, return receipt requested, postage prepaid, as follows:

    

    (a) If
      to the
      Company, to CampusTech, Inc., 803 Sycolin Road SE, Suite 204, Leesburg, VA
      20175, Attention: President, or to such other address as the Company shall
      have
      designated to the other by like notice.

    

    
      
        
        

      

      
        13

        
          

        

      

      
        
        

      

    

    

    
      
        (b)
          If
          to a
          Purchaser, at his, her or its address set forth on Exhibit A,
          or
at
          such
          other address or addresses as may have been furnished to the Company in
          writing
          by such Purchaser.

      

    

    

    9.5 Entire
      Agreement.
      This
      Agreement and the Warrant embody the entire agreement and understanding between
      the parties hereto with respect to the subject matter hereof and supersede
      all
      prior agreements and understandings relating to such subject matter.

    

    9.6 Amendments
      and Waivers.
      Except
      as otherwise expressly set forth in this Agreement, any term of this Agreement
      may be amended and the observance of any term of this Agreement may be waived
      (either generally or in a particular instance and either retroactively or
      prospectively) with the written consent of the Company and the majority of
      the
      Purchasers. No waivers of or exceptions to any term, condition or provision
      of
      this Agreement, in any one or more instances, shall be deemed to be, or
      construed as, a further or continuing waiver of any such term, condition or
      provision. 

    

    9.7 Counterparts.
      This
      Agreement may be executed in one or more counterparts, each of which shall
      be
      deemed to be an original, but all of which shall be one and the same document.
      

    

    9.8 Section
      Headings.
      The
      section headings are for the convenience of the parties and in no way alter,
      modify, amend, limit, or restrict the contractual obligations of the parties.
      

    

    9.9 Severability.
      The
      invalidity or unenforceability of any provision of this Agreement shall not
      affect the validity or enforceability of any other provision of this
      Agreement.

    

    9.10 Governing
      Law.
      This
      Agreement shall be governed by and construed in accordance with the laws of
      the
      State of New York. Any legal suit, action or proceeding arising out of or
      relating to this Agreement or the transactions contemplated hereby shall be
      instituted exclusively in New York, New York, or in the United States District
      Court for the Southern District of New York (the “New York Courts”). The parties
      hereto hereby: (i) waives any objection which they may now have or hereafter
      have to the venue of any such suit, action or proceeding, and (ii) irrevocably
      consents to the jurisdiction of the New York Courts in any such suit, action
      or
      proceeding. The parties further agree to accept and acknowledge service of
      any
      and all process which may be served in any such suit, action or proceeding
      in
      the New York Courts and agree that service of process upon a party mailed by
      certified mail to such party’s address shall be deemed in every respect
      effective service of process upon such party in any such suit, action or
      proceeding.

    

    
      
        
        

      

      
        14

        
          

        

      

      
        
        

      

    

    

     

    [signature
      page to follow]

     

    
      
        
        

      

      
        15

        
          

        

      

      
        
        

      

    

     

    SIGNATURE
      PAGE

     

    Date
      Signed: _______________________, 2007

    

    Number
      of Units: _____________

     

    
      
        	
                Multiplied
                  by Offering Price Per Unit: 

              	 	 	
                x

              	 	
                $

              	
                20,000

              	 
	 	 	 	 	 	 	 	 
	
                Equals
                  Amount ($20,000 minimum): 

              	 	 	
                =

              	 	
                $

              	  
	 

      

       

      
        	 	 	 	 
	
                
Signature	 	 	
                
Second
                Signature 
	
              	 	 	
                (if
                  purchasing jointly)

              

      

      
         

        
          	 	 	 	 
	
                  
Printed
                  Name	 	 	
                  
Printed
                  Second Name

        

        
           

          
            	 	 	 	 
	
                    
Entity
                    Name	 	 	
                    
Entity
                    Name

          

          
             

            
              	 	 	 	 
	
                      
Address	 	 	
                      
Address

            

            
               

              
                	 	 	 	 
	
                        
City,
                        State and Zip Code	 	 	
                        
City,
                        State and Zip Code

            

          

        

      

    

    
      
         

        
          	 	 	 	 
	
                  
Telephone-Business	 	 	
                  
Telephone-Business

      

      
        
           

          
            	 	 	 	 
	
                    
Facsimile-Business	 	 	
                    
Facsimile-Business

        

        
          
             

            
              	 	 	 	 
	
                      
Tax
                      ID # or Social Security # 	 	 	
                      
Tax
                      ID # or Social Security #

          

        

      

    

     

    Name
      in
      which securities should be issued: ____________________________________

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    ACCEPTANCE
      OF SUBSCRIPTION

    

    

    This
      Agreement is agreed to and accepted as of ______________, 2007.

     

    
      
        	 	 	 
	 	
                CAMPUSTECH,
                  INC.

              
	 
 	 
 	 
 
	
              	By:  	
              
	 	
                
Name: 
                  

              	
                

              
	 	
Title:CAMPUSU,
      INC.

    a
      Delaware corporation

    

    2007
      EQUITY INCENTIVE PLAN

    

    This
      2007
      Equity Incentive Plan amends and restates in its entirety the CampusU, Inc.
      1999
      Employee, Director and Consultant Stock Plan.

    

    
      	1.	
              DEFINITIONS.

            

    

    

    
      	 	
              Unless
                otherwise specified or unless the context otherwise requires, the
                following terms, as used in this CampusU, Inc. 2007 Equity Incentive
                Plan,
                have the following meanings:

            

    

    

    
      	 	 	
              Administrator
                means the Board of Directors, unless it has delegated power to act
                on its
                behalf to the Committee, in which case the Administrator means the
                Committee.

            

    

    

    
      	 	 	
              Affiliate
                means a corporation which, for purposes of Section 424 of the Code,
                is a
                parent or subsidiary of the Company, direct or
                indirect.

            

    

    

    
      	 	 	
              Agreement
                means an agreement between the Company and a Participant delivered
                pursuant to the Plan, in such form as the Administrator shall
                approve.

            

    

    

    
      	 	 	
              Board
                of Directors
                means the Board of Directors of the
                Company.

            

    

    

    
      	 	 	
              Code
                means the United States Internal Revenue Code of 1986, as
                amended.

            

    

    

    
      	 	 	
              Committee
                means the committee of the Board of Directors to which the Board
                of
                Directors has delegated power to act under or pursuant to the provisions
                of the Plan.

            

    

    

    
      	 	 	
              Common
                Stock
                means shares of the Company’s common stock, $.0001 par value per
                share.

            

    

    

    
      	 	 	
              Company
                means CampusU, Inc., a Delaware
                corporation.

            

    

    

    
      	 	 	
              Disability
                or
                Disabled
                means permanent and total disability as defined in Section 22(e)(3)
                of the
                Code.

            

    

    

    
      	 	 	
              Employee
                means any employee of the Company or of an Affiliate (including,
                without
                limitation, an employee who is also serving as an officer or director
                of
                the Company or of an Affiliate), designated by the Administrator
                to be
                eligible to be granted one or more Stock Rights under the
                Plan.

            

    

    

    
      	 	 	
              Fair
                Market Value
                of
                a Share of Common Stock means:

            

    

    

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

       

    

    (1) If
      the
      Common Stock is listed on a national securities exchange or traded in the
      over-the-counter market and sales prices are regularly reported for the Common
      Stock, the closing or last price of the Common Stock on the Composite Tape
      or
      other comparable reporting system for the trading day on the applicable date
      and
      if such applicable date is not a trading day, the last market trading day prior
      to such date;

    

    (2) If
      the
      Common Stock is not traded on a national securities exchange but is traded
      on
      the over-the-counter market, if sales prices are not regularly reported for
      the
      Common Stock for the trading day referred to in clause (1), and if bid and
      asked prices for the Common Stock are regularly reported, the mean between
      the
      bid and the asked price for the Common Stock at the close of trading in the
      over-the-counter market for the trading day on which Common Stock was traded
      on
      the applicable date and if such applicable date is not a trading day, the last
      market trading day prior to such date; and

    

    (3) If
      the
      Common Stock is neither listed on a national securities exchange nor traded
      in
      the over-the-counter market, such value as the Administrator, in good faith,
      shall determine.

    

    
      	 	 	
              ISO
                means an option meant to qualify as an incentive stock option under
                Section 422 of the Code.

            

    

    

    
      	 	 	
              Non-Qualified
                Option
                means an option which is not intended to qualify as an
                ISO.

            

    

    

    
      	 	 	
              Option
                means an ISO or Non-Qualified Option granted under the
                Plan.

            

    

    

    
      	 	 	
              Participant
                means an Employee, director or consultant of the Company or an Affiliate
                to whom one or more Stock Rights are granted under the Plan. As used
                herein, “Participant” shall include “Participant’s Survivors” where the
                context requires.

            

    

    

    
      	 	 	
              Plan
                means this CampusU, Inc. 2007 Equity Incentive
                Plan.

            

    

    

    
      	 	 	
              Shares
                means shares of the Common Stock as to which Stock Rights have been
                or may
                be granted under the Plan or any shares of capital stock into which
                the
                Shares are changed or for which they are exchanged within the provisions
                of Paragraph 3 of the Plan. The Shares issued under the Plan may be
                authorized and unissued shares or shares held by the Company in its
                treasury, or both.

            

    

    

    
      	 	 	
              Stock-Based
                Award
                means a grant by the Company under the Plan of an equity award or
                an
                equity based award which is not an Option or a Stock Grant.
                

            

    

    

    
      	 	 	
              Stock
                Grant
                means a grant by the Company of Shares under the
                Plan.

            

    

     

    
      
        
        

      

      
        2

        
          

        

      

      
        
        

      

    

     

    
      	 	 	
              Stock
                Right
                means a right to Shares or the value of Shares of the Company granted
                pursuant to the Plan -- an ISO, a Non-Qualified Option, a Stock Grant
                or a
                Stock-Based Award.

            

    

    

    
      	 	 	
              Survivor
                means a deceased Participant’s legal representatives and/or any person or
                persons who acquired the Participant’s rights to a Stock Right by will or
                by the laws of descent and
                distribution.

            

    

     

    
      	2.	
              PURPOSES
                OF THE PLAN.

            

    

    

    The
      Plan
      is intended to encourage ownership of Shares by Employees and directors of
      and
      certain consultants to the Company and its Affiliates in order to attract and
      retain such people, to induce them to work for the benefit of the Company or
      of
      an Affiliate and to provide additional incentive for them to promote the success
      of the Company or of an Affiliate. The Plan provides for the granting of ISOs,
      Non-Qualified Options, Stock Grants and Stock-Based Awards.

    

    
      	
              3.

            	
              SHARES
                SUBJECT TO THE PLAN.

            

    

    

    The
      number of Shares which may be issued from time to time pursuant to this Plan
      shall be 8,000,000, or the equivalent of such number of Shares after the
      Administrator, in its sole discretion, has interpreted the effect of any stock
      split, stock dividend, combination, recapitalization or similar transaction
      in
      accordance with Paragraph 24 of the Plan.

    

    If
      an
      Option ceases to be “outstanding”, in whole or in part (other than by exercise),
      or if the Company shall reacquire (at not more than its original issuance price)
      any Shares issued pursuant to a Stock Grant or Stock-Based Award, or if any
      Stock Right expires or is forfeited, cancelled, or otherwise terminated or
      results in any Shares not being issued, the unissued Shares which were subject
      to such Stock Right shall again be available for issuance from time to time
      pursuant to this Plan. Notwithstanding the foregoing, if a Stock Right is
      exercised, in whole or in part, by tender of Shares or if the Company’s tax
      withholding obligation is satisfied by withholding Shares, the number of Shares
      deemed to have been issued under the Plan for purposes of the limitation set
      forth above in this Section 3 shall be the number of Shares that were subject
      to
      the Stock Right or portion thereof, and not the net number of Shares actually
      issued. 

    

    
      	
              4.

            	
              ADMINISTRATION
                OF THE PLAN.

            

    

    

    The
      Administrator of the Plan will be the Board of Directors, except to the extent
      the Board of Directors delegates its authority to the Committee, in which case
      the Committee shall be the Administrator. Subject to the provisions of the
      Plan,
      the Administrator is authorized to:

    
       

      
        	 	
                a.

              	
                Interpret
                  the provisions of the Plan and all Stock Rights and to make all
                  rules and
                  determinations which it deems necessary or advisable for the
                  administration of the Plan;

              

      

       

    

    
      
        
        

      

      
        3

        
          

        

      

      
        
        

      

       

    

    
      	 	
              b.

            	
              Determine
                which Employees, directors and consultants shall be granted Stock
                Rights;

            

    

    

    
      	 	
              c.

            	
              Determine
                the number of Shares for which a Stock Right or Stock Rights shall
                be
                granted,
                provided, however, that in no event shall Stock Rights with respect
                to
                more than 2,000,000 Shares be granted to any Participant in any fiscal
                year;

            

    

    

    
      	 	
              d.

            	
              Specify
                the terms and conditions upon which a Stock Right or Stock Rights
                may be
                granted;

            

    

    

    
      	 	
              e.

            	
              Make
                changes to any outstanding Stock Right, including, without limitation,
                to
                reduce or increase the exercise price or purchase price, accelerate
                the
                vesting schedule or extend the expiration date, provided that no
                such
                change shall impair the rights of a Participant under any grant previously
                made without such Participant’s consent;

            

    

    

    
      	 	
              f.

            	
              Buy
                out for a payment in cash or Shares, a Stock Right previously granted
                and/or cancel any such Stock Right and grant in substitution therefor
                other Stock Rights, covering the same or a different number of Shares
                and
                having an exercise price or purchase price per share which may be
                lower or
                higher than the exercise price or purchase price of the cancelled
                Stock
                Right, based on such terms and conditions as the Administrator shall
                establish and the Participant shall accept;
                and

            

    

    

    
      	 	
              g.

            	
              Adopt
                any sub-plans applicable to residents of any specified jurisdiction
                as it
                deems necessary or appropriate in order to comply with or take advantage
                of any tax or other laws applicable to the Company or to Plan Participants
                or to otherwise facilitate the administration of the Plan, which
                sub-plans
                may include additional restrictions or conditions applicable to Stock
                Rights or Shares issuable pursuant to a Stock
                Right;

            

    

    

    provided,
      however, that all such interpretations, rules, determinations, terms and
      conditions shall be made and prescribed in the context of preserving the tax
      status under Section 422 of the Code of those Options which are designated
      as
      ISOs. Subject to the foregoing, the interpretation and construction by the
      Administrator of any provisions of the Plan or of any Stock Right granted under
      it shall be final, unless otherwise determined by the Board of Directors, if
      the
      Administrator is the Committee. In addition, if the Administrator is the
      Committee, the Board of Directors may take any action under the Plan that would
      otherwise be the responsibility of the Committee.

    

    To
      the
      extent permitted under applicable law, the Board of Directors or the Committee
      may allocate all or any portion of its responsibilities and powers to any one
      or
      more of its members and may delegate all or any portion of its responsibilities
      and powers to any other person selected by it. The Board of Directors or the
      Committee may revoke any such allocation or delegation at any time.

    

    
      
        
        

      

      
        4

        
          

        

      

      
        
        

      

    

    

    
      	5.	
              ELIGIBILITY
                FOR PARTICIPATION.

            

    

    

    The
      Administrator will, in its sole discretion, name the Participants in the Plan,
      provided, however, that each Participant must be an Employee, director or
      consultant of the Company or of an Affiliate at the time a Stock Right is
      granted. Notwithstanding the foregoing, the Administrator may authorize the
      grant of a Stock Right to a person not then an Employee, director or consultant
      of the Company or of an Affiliate; provided, however, that the actual grant
      of
      such Stock Right shall be conditioned upon such person becoming eligible to
      become a Participant at or prior to the time of the execution of the Agreement
      evidencing such Stock Right. ISOs may be granted only to Employees.
      Non-Qualified Options, Stock Grants and Stock-Based Awards may be granted to
      any
      Employee, director or consultant of the Company or an Affiliate. The granting
      of
      any Stock Right to any individual shall neither entitle that individual to,
      nor
      disqualify him or her from, participation in any other grant of Stock Rights.
      

    

    
      	6.	
              TERMS
                AND CONDITIONS OF OPTIONS.

            

    

    

    Each
      Option shall be set forth in writing in an Option Agreement, duly executed
      by
      the Company and, to the extent required by law or requested by the Company,
      by
      the Participant. The Administrator may provide that Options be granted subject
      to such terms and conditions, consistent with the terms and conditions
      specifically required under this Plan, as the Administrator may deem appropriate
      including, without limitation, subsequent approval by the shareholders of the
      Company of this Plan or any amendments thereto. The Option Agreements shall
      be
      subject to at least the following terms and conditions:

    

    
      	 	
              A.

            	
              Non-Qualified
                Options:
                Each Option intended to be a Non-Qualified Option shall be subject
                to the
                terms and conditions which the Administrator determines to be appropriate
                and in the best interest of the Company, subject to the following
                minimum
                standards for any such Non-Qualified
                Option:

            

    

    

    
      	 	 	
              a.

            	
              Option
                Price:
                Each Option Agreement shall state the option price (per share) of
                the
                Shares covered by each Option, which option price shall be determined
                by
                the Administrator but shall not be less than the Fair
                Market Value per share of Common
                Stock.

            

    

    

    
      	 	 	
              b.

            	
              Number
                of Shares:
                Each Option Agreement shall state the number of Shares to which it
                pertains.

            

    

     

    
      	 	 	
              c.

            	
              Option
                Periods:
                Each Option Agreement shall state the date or dates on which it first
                is
                exercisable and the date after which it may no longer be exercised,
                and
                may provide that the Option rights accrue or become exercisable in
                installments over a period of months or years, or upon the occurrence
                of
                certain conditions or the attainment of stated goals or
                events.

            

    

     

    
      
        
        

      

      
        5

        
          

        

      

      
        
        

      

    

     

    
      	 	 	
              d.

            	
              Option
                Conditions:
                Exercise of any Option may be conditioned upon the Participant’s execution
                of a Share purchase agreement in form satisfactory to the Administrator
                providing for certain protections for the Company and its other
                shareholders, including requirements
                that:

            

    

    

    
      	 	 	 	
              i.

            	
              The
                Participant’s or the Participant’s Survivors’ right to sell or transfer
                the Shares may be restricted; and

            

    

    

    
      	 	 	 	
              ii.

            	
              The
                Participant or the Participant’s Survivors may be required to execute
                letters of investment intent and must also acknowledge that the Shares
                will bear legends noting any applicable
                restrictions.

            

    

    

    
      	 	
              B.

            	
              ISOs:
                Each Option intended to be an ISO shall be issued only to an Employee
                and
                be subject to the following terms and conditions, with such additional
                restrictions or changes as the Administrator determines are appropriate
                but not in conflict with Section 422 of the Code and relevant regulations
                and rulings of the Internal Revenue
                Service:

            

    

    

    
      	 	 	
              a.

            	
              Minimum
                standards:
                The ISO shall meet the minimum standards required of Non-Qualified
                Options, as described in Paragraph 6(A)
                above.

            

    

    

    
      	 	 	
              b.

            	
              Option
                Price:
                Immediately before the ISO is granted, if the Participant owns, directly
                or by reason of the applicable attribution rules in Section 424(d) of
                the Code:

            

    

    

    
      	 	 	 	
              i.

            	
              Ten
                percent (10%) or
                less
                of
                the total combined voting power of all classes of stock of the Company
                or
                an Affiliate, the Option price per share of the Shares covered by
                each ISO
                shall not be less than one hundred percent (100%) of the Fair Market
                Value
                per share of the Shares on the date of the grant of the ISO;
                or

            

    

    

    
      	 	 	 	
              ii.

            	
              More
                than ten percent (10%) of the total combined voting power of all
                classes
                of stock of the Company or an Affiliate, the Option price per share
                of the
                Shares covered by each ISO shall not be less than one hundred ten
                percent
                (110%) of the Fair Market Value on the date of
                grant.

            

    

    

    
      	 	 	
              c.

            	
              Term
                of Option:
                For Participants who own:

            

    

    

    
      	 	 	 	
              i.

            	
              Ten
                percent (10%) or
                less
                of
                the total combined voting power of all classes of stock of the Company
                or
                an Affiliate, each ISO shall terminate not more than ten (10) years
                from
                the date of the grant or at such earlier time as the Option Agreement
                may
                provide; or

            

    

     

    
      
        
        

      

      
        6

        
          

        

      

      
        
        

      

    

     

    
      	 	 	 	
              ii.

            	
              More
                than ten percent (10%) of the total combined voting power of all
                classes
                of stock of the Company or an Affiliate, each ISO shall terminate
                not more
                than five (5) years from the date of the grant or at such earlier
                time as
                the Option Agreement may provide.

            

    

    

    
      	 	 	
              d.

            	
              Limitation
                on Yearly Exercise:
                The Option Agreements shall restrict the amount of ISOs which may
                become
                exercisable in any calendar year (under this or any other ISO plan
                of the
                Company or an Affiliate) so that the aggregate Fair Market Value
                (determined at the time each ISO is granted) of the stock with respect
                to
                which ISOs become exercisable for the first time by the Participant
                in any
                calendar year does not exceed one hundred thousand dollars ($100,000),
                provided that this subparagraph (d) shall have no force or effect
                if its
                inclusion in the Plan is not necessary for Options issued as ISOs
                to
                qualify as ISOs pursuant to Section 422(d) of the
                Code.

            

    

     

    
      	
              7.

            	
              TERMS
                AND CONDITIONS OF STOCK GRANTS.

            

    

    

    Each
      offer of a Stock Grant to a Participant shall state the date prior to which
      the
      Stock Grant must be accepted by the Participant, and the principal terms of
      each
      Stock Grant shall be set forth in a Stock Grant Agreement, duly executed by
      the
      Company and, to the extent required by law or requested by the Company, by
      the
      Participant. The Stock Grant Agreement shall be in a form approved by the
      Administrator and shall contain terms and conditions which the Administrator
      determines to be appropriate and in the best interest of the Company, subject
      to
      the following minimum standards:

    

    
      	 	
              (a)

            	
              Each
                Stock Grant Agreement shall state the purchase price (per share),
                if any,
                of the Shares covered by each Stock Grant, which purchase price shall
                be
                determined by the Administrator but shall not be less than the minimum
                consideration required by the Delaware General Corporation Law on
                the date
                of the grant of the Stock Grant;

            

    

    

    
      	 	
              (b)

            	
              Each
                Stock Grant Agreement shall state the number of Shares to which the
                Stock
                Grant pertains; and

            

    

    

    
      	 	
              (c)

            	
              Each
                Stock Grant Agreement shall include the terms of any right of the
                Company
                to restrict or reacquire the Shares subject to the Stock Grant, including
                the time and events upon which such rights shall accrue and the purchase
                price therefor, if any.

            

    

    

    
      
        
        

      

      
        7

        
          

        

      

      
        
        

      

    

    

    
      	
              8.

            	
              TERMS
                AND CONDITIONS OF OTHER STOCK-BASED AWARDS.
                

            

    

    

    The
      Administrator shall have the right to grant other Stock-Based Awards based
      upon
      the Common Stock having such terms and conditions as the Administrator may
      determine, including, without limitation, the grant of Shares based upon certain
      conditions, the grant of securities convertible into Shares and the grant of
      stock appreciation rights, phantom stock awards or stock units. The principal
      terms of each Stock-Based Award shall be set forth in an Agreement, duly
      executed by the Company and, to the extent required by law or requested by
      the
      Company, by the Participant. The Agreement shall be in a form approved by the
      Administrator and shall contain terms and conditions which the Administrator
      determines to be appropriate and in the best interest of the Company.

    

    
      	9.	
              EXERCISE
                OF OPTIONS AND ISSUE OF SHARES.

            

    

    

    An
      Option
      (or any part or installment thereof) shall be exercised by giving written notice
      to the Company or its designee, together with provision for payment of the
      full
      purchase price in accordance with this Paragraph for the Shares as to which
      the
      Option is being exercised, and upon compliance with any other condition(s)
      set
      forth in the Option Agreement. Such notice shall be signed by the person
      exercising the Option, shall state the number of Shares with respect to which
      the Option is being exercised and shall contain any representation required
      by
      the Plan or the Option Agreement. Payment of the purchase price for the Shares
      as to which such Option is being exercised shall be made (a) in United
      States dollars in cash or by check, or (b) at the discretion of the
      Administrator, through delivery of shares of Common Stock having a Fair Market
      Value equal as of the date of the exercise to the cash exercise price of the
      Option and held for at least six months, or (c) at the discretion of the
      Administrator, by having the Company retain from the shares otherwise issuable
      upon exercise of the Option, a number of shares having a Fair Market Value
      equal
      as of the date of exercise to the exercise price of the Option, or (d) at
      the discretion of the Administrator, by delivery of the grantee’s personal
      recourse note bearing interest payable not less than annually at no less than
      100% of the applicable Federal rate, as defined in Section 1274(d) of the
      Code, or (e) at the discretion of the Administrator, in accordance with a
      cashless exercise program established with a securities brokerage firm, and
      approved by the Administrator, or (f) at the discretion of the
      Administrator, by any combination of (a), (b), (c), (d) and (e) above or (g)
      at
      the discretion of the Administrator, payment of such other lawful consideration
      as the Administrator may determine. Notwithstanding the foregoing, the
      Administrator shall accept only such payment on exercise of an ISO as is
      permitted by Section 422 of the Code.

    

    The
      Company shall then reasonably promptly deliver the Shares as to which such
      Option was exercised to the Participant (or to the Participant’s Survivors, as
      the case may be). In determining what constitutes “reasonably promptly,” it is
      expressly understood that the issuance and delivery of the Shares may be delayed
      by the Company in order to comply with any law or regulation (including, without
      limitation, state securities or “blue sky” laws) which requires the Company to
      take any action with respect to the Shares prior to their issuance. The Shares
      shall, upon delivery, be fully paid, non-assessable Shares.

    

    
      
        
        

      

      
        8

        
          

        

      

      
        
        

      

       

    

    The
      Administrator shall have the right to accelerate the date of exercise of any
      installment of any Option; provided that the Administrator shall not accelerate
      the exercise date of any installment of any Option granted to any Employee
      as an
      ISO (and not previously converted into a Non-Qualified Option pursuant to
      Paragraph 27) without prior approval of the Employee if such acceleration would
      violate the annual vesting limitation contained in Section 422(d) of the Code,
      as described in Paragraph 6.B.d.

    

    The
      Administrator may, in its discretion, amend any term or condition of an
      outstanding Option provided (i) such term or condition as amended is permitted
      by the Plan, (ii) any such amendment shall be made only with the consent of
      the
      Participant to whom the Option was granted, or in the event of the death of
      the
      Participant, the Participant’s Survivors, if the amendment is adverse to the
      Participant, and (iii) any such amendment of any Option shall be made only
      after
      the Administrator determines whether such amendment would constitute a
“modification” of any Option which is an ISO (as that term is defined in Section
      424(h) of the Code) or would cause any adverse tax consequences for the holder
      of such Option including, but not limited to, pursuant to Section 409A of the
      Code.

    

    
      	
              10.

            	
              ACCEPTANCE
                OF STOCK GRANTS AND STOCK-BASED AWARDS AND ISSUE OF SHARES.

            

    

    

    A
      Stock
      Grant or Stock-Based Award (or any part or installment thereof) shall be
      accepted by executing the applicable Agreement and delivering it to the Company
      or its designee, together with provision for payment of the full purchase price,
      if any, in accordance with this Paragraph for the Shares as to which such Stock
      Grant or Stock-Based Award is being accepted, and upon compliance with any
      other
      conditions set forth in the applicable Agreement. Payment of the purchase price
      for the Shares as to which such Stock Grant or Stock-Based Award is being
      accepted shall be made (a) in United States dollars in cash or by check, or
      (b)
      at the discretion of the Administrator, through delivery of shares of Common
      Stock held for at least six months and having a Fair Market Value equal as
      of
      the date of acceptance of the Stock Grant or Stock-Based Award to the purchase
      price of the Stock Grant or Stock-Based Award, or (c) at the discretion of
      the
      Administrator, by delivery of the grantee’s personal recourse note bearing
      interest payable not less than annually at no less than 100% of the applicable
      Federal rate, as defined in Section 1274(d) of the Code, or (d) at the
      discretion of the Administrator, by any combination of (a), (b) and (c) above;
      or (e) at the discretion of the Administrator, payment of such other lawful
      consideration as the Administrator may determine.

    

    The
      Company shall then, if required by the applicable Agreement, reasonably promptly
      deliver the Shares as to which such Stock Grant or Stock-Based Award was
      accepted to the Participant (or to the Participant’s Survivors, as the case may
      be), subject to any escrow provision set forth in the applicable Agreement.
      In
      determining what constitutes “reasonably promptly,” it is expressly understood
      that the issuance and delivery of the Shares may be delayed by the Company
      in
      order to comply with any law or regulation (including, without limitation,
      state
      securities or “blue sky” laws) which requires the Company to take any action
      with respect to the Shares prior to their issuance.

    

    
      
        
        

      

      
        9

        
          

        

      

      
        
        

      

       

    

    The
      Administrator may, in its discretion, amend any term or condition of an
      outstanding Stock Grant, Stock-Based Award or applicable Agreement provided
      (i)
      such term or condition as amended is permitted by the Plan, and (ii) any such
      amendment shall be made only with the consent of the Participant to whom the
      Stock Grant or Stock-Based Award was made,
      if the
      amendment is adverse to the Participant.

    

    
      	
              11.

            	
              RIGHTS
                AS A SHAREHOLDER.

            

    

    

    No
      Participant to whom a Stock Right has been granted shall have rights as a
      shareholder with respect to any Shares covered by such Stock Right, except
      after
      due exercise of the Option or acceptance of the Stock Grant or as set forth
      in
      any Agreement, and tender of the full purchase price, if any, for the Shares
      being purchased pursuant to such exercise or acceptance and registration of
      the
      Shares in the Company’s share register in the name of the
      Participant.

    

    
      	
              12.

            	
              ASSIGNABILITY
                AND TRANSFERABILITY OF STOCK RIGHTS.

            

    

    

    By
      its
      terms, a Stock Right granted to a Participant shall not be transferable by
      the
      Participant other than (i) by will or by the laws of descent and distribution,
      or (ii) as approved by the Administrator in its discretion and set forth in
      the
      applicable Agreement. Notwithstanding the foregoing, an ISO transferred except
      in compliance with clause (i) above shall no longer qualify as an ISO. The
      designation of a beneficiary of a Stock Right by a Participant, with the prior
      approval of the Administrator and in such form as the Administrator shall
      prescribe, shall not be deemed a transfer prohibited by this Paragraph. Except
      as provided above, a Stock Right shall only be exercisable or may only be
      accepted, during the Participant’s lifetime, by such Participant (or by his or
      her legal representative) and shall not be assigned, pledged or hypothecated
      in
      any way (whether by operation of law or otherwise) and shall not be subject
      to
      execution, attachment or similar process. Any attempted transfer, assignment,
      pledge, hypothecation or other disposition of any Stock Right or of any rights
      granted thereunder contrary to the provisions of this Plan, or the levy of
      any
      attachment or similar process upon a Stock Right, shall be null and
      void.

    

    
      	
              13.

            	
              EFFECT
                ON OPTIONS OF TERMINATION OF SERVICE OTHER THAN “FOR CAUSE” OR DEATH OR
                DISABILITY.

            

    

    

    
      
        
        

      

      
        10

        
          

        

      

      
        
        

      

       

    

    Except
      as
      otherwise provided in a Participant’s Option Agreement, in the event of a
      termination of service (whether as an employee, director or consultant) with
      the
      Company or an Affiliate before the Participant has exercised an Option, the
      following rules apply:

    

    
      	 	
              a.

            	
              A
                Participant who ceases to be an employee, director or consultant
                of the
                Company or of an Affiliate (for any reason other than termination
“for
                cause”, Disability, or death for which events there are special rules in
                Paragraphs 14, 15, and 16, respectively), may exercise any Option
                granted
                to him or her to the extent that the Option is exercisable on the
                date of
                such termination of service, but only within such term as the
                Administrator has designated in a Participant’s Option
                Agreement.

            

    

    

    
      	 	
              b.

            	
              Except
                as provided in Subparagraph (c) below, or Paragraph 15 or 16, in
                no event
                may an Option intended to be an ISO, be exercised later than three
                (3)
                months after the Participant’s termination of
                employment.

            

    

    

    
      	 	
              c.

            	
              The
                provisions of this Paragraph, and not the provisions of Paragraph
                15 or
                16, shall apply to a Participant who subsequently becomes Disabled
                or dies
                after the termination of employment, director status or consultancy,
                provided, however, in the case of a Participant’s Disability or death
                within three (3) months after the termination of employment, director
                status or consultancy, the Participant or the Participant’s Survivors may
                exercise the Option within one (1) year after the date of the
                Participant’s termination of service, but in no event after the date of
                expiration of the term of the
                Option.

            

    

    

    
      	 	
              d.

            	
              Notwithstanding
                anything herein to the contrary, if subsequent to a Participant’s
                termination of employment, termination of director status or termination
                of consultancy, but prior to the exercise of an Option, the Board
                of
                Directors determines that, either prior or subsequent to the Participant’s
                termination, the Participant engaged in conduct which would constitute
                “cause”, then such Participant shall forthwith cease to have any right to
                exercise any Option.

            

    

    

    
      	 	
              e.

            	
              A
                Participant to whom an Option has been granted under the Plan who
                is
                absent from work with the Company or with an Affiliate because of
                temporary disability (any disability other than a Disability as defined
                in
                Paragraph 1 hereof), or who is on leave of absence for any purpose,
                shall
                not, during the period of any such absence, be deemed, by virtue
                of such
                absence alone, to have terminated such Participant’s employment, director
                status or consultancy with the Company or with an Affiliate, except
                as the
                Administrator may otherwise expressly
                provide.

            

    

    

    
      	 	
              f.

            	
              Except
                as required by law or as set forth in a Participant’s Option Agreement,
                Options granted under the Plan shall not be affected by any change
                of a
                Participant’s status within or among the Company and any Affiliates, so
                long as the Participant continues to be an employee, director or
                consultant of the Company or any
                Affiliate.

            

    

    

    
      
        
        

      

      
        11

        
          

        

      

      
        
        

      

    

    

    
      	
              14.

            	
              EFFECT
                ON OPTIONS OF TERMINATION OF SERVICE “FOR CAUSE”.

            

    

    

    Except
      as
      otherwise provided in a Participant’s Option Agreement, the following rules
      apply if the Participant’s service (whether as an employee, director or
      consultant) with the Company or an Affiliate is terminated “for cause” prior to
      the time that all his or her outstanding Options have been
      exercised:

    

    
      	 	
              a.

            	
              All
                outstanding and unexercised Options as of the time the Participant
                is
                notified his or her service is terminated “for cause” will immediately be
                forfeited.

            

    

    

    
      	 	
              b.

            	
              For
                purposes of this Plan, “cause” shall include (and is not limited to)
                dishonesty with respect to the Company or any Affiliate, insubordination,
                substantial malfeasance or non-feasance of duty, unauthorized disclosure
                of confidential information, breach by the Participant of any provision
                of
                any employment, consulting, advisory, nondisclosure, non-competition
                or
                similar agreement between the Participant and the Company, and conduct
                substantially prejudicial to the business of the Company or any Affiliate.
                The determination of the Administrator as to the existence of “cause” will
                be conclusive on the Participant and the
                Company.

            

    

    

    
      	 	
              c.

            	
              “Cause”
                is not limited to events which have occurred prior to a Participant’s
                termination of service, nor is it necessary that the Administrator’s
                finding of “cause” occur prior to termination. If the Administrator
                determines, subsequent to a Participant’s termination of service but prior
                to the exercise of an Option, that either prior or subsequent to
                the
                Participant’s termination the Participant engaged in conduct which would
                constitute “cause”, then the right to exercise any Option is
                forfeited.

            

    

    

    
      	 	
              d.

            	
              Any
                provision in an agreement between the Participant and the Company
                or an
                Affiliate, which contains a conflicting definition of “cause” for
                termination and which is in effect at the time of such termination,
                shall
                supersede the definition in this Plan with respect to that
                Participant.

            

    

     

    
      	
              15.

            	
              EFFECT
                ON OPTIONS OF TERMINATION OF SERVICE FOR DISABILITY.

            

    

    

    Except
      as
      otherwise provided in a Participant’s Option Agreement:

    

    a. A
      Participant who ceases to be an employee, director or consultant of the Company
      or of an Affiliate by reason of Disability may exercise any Option granted
      to
      such Participant:

    

    i. To
      the
      extent that the Option has become exercisable but has not been exercised on
      the
      date of Disability; and

    

    
      
        
        

      

      
        12

        
          

        

      

      
        
        

      

       

    

    ii. In
      the
      event rights to exercise the Option accrue periodically, to the extent of a
      pro
      rata portion through the date of Disability of any additional vesting rights
      that would have accrued on the next vesting date had the Participant not become
      Disabled. The proration shall be based upon the number of days accrued in the
      current vesting period prior to the date of Disability.

    

    b. A
      Disabled Participant may exercise such rights only within the period ending
      one
      (1) year after the date of the Participant’s Disability, notwithstanding that
      the Participant might have been able to exercise the Option as to some or all
      of
      the Shares on a later date if the Participant had not become Disabled and had
      continued to be an employee, director or consultant or, if earlier, within
      the
      originally prescribed term of the Option.

    

    c. The
      Administrator shall make the determination both of whether Disability has
      occurred and the date of its occurrence (unless a procedure for such
      determination is set forth in another agreement between the Company and such
      Participant, in which case such procedure shall be used for such determination).
      If requested, the Participant shall be examined by a physician selected or
      approved by the Administrator, the cost of which examination shall be paid
      for
      by the Company.

    

    
      	
              16.

            	
              EFFECT
                ON OPTIONS OF DEATH WHILE AN EMPLOYEE, DIRECTOR OR
                CONSULTANT.

            

    

    

    Except
      as
      otherwise provided in a Participant’s Option Agreement:

    

    a. In
      the
      event of the death of a Participant while the Participant is an employee,
      director or consultant of the Company or of an Affiliate, such Option may be
      exercised by the Participant’s Survivors:

    

    i. To
      the
      extent that the Option has become exercisable but has not been exercised on
      the
      date of death; and

    

    ii. In
      the
      event rights to exercise the Option accrue periodically, to the extent of a
      pro
      rata portion through the date of death of any additional vesting rights that
      would have accrued on the next vesting date had the Participant not died. The
      proration shall be based upon the number of days accrued in the current vesting
      period prior to the Participant’s date of death.

    

    b. If
      the
      Participant’s Survivors wish to exercise the Option, they must take all
      necessary steps to exercise the Option within one (1) year after the date of
      death of such Participant, notwithstanding that the decedent might have been
      able to exercise the Option as to some or all of the Shares on a later date
      if
      he or she had not died and had continued to be an employee, director or
      consultant or, if earlier, within the originally prescribed term of the
      Option.

    

    
      
        
        

      

      
        13

        
          

        

      

      
        
        

      

    

    

    
      	
              17.

            	
              EFFECT
                OF TERMINATION OF SERVICE ON UNACCEPTED STOCK GRANTS.

            

    

    

    In
      the
      event of a termination of service (whether as an employee, director or
      consultant) with the Company or an Affiliate for any reason before the
      Participant has accepted a Stock Grant, such offer shall terminate.

    

    For
      purposes of this Paragraph 17 and Paragraph 18 below, a Participant to whom
      a
      Stock Grant has been offered and accepted under the Plan who is absent from
      work
      with the Company or with an Affiliate because of temporary disability (any
      disability other than a Disability as defined in Paragraph 1 hereof), or who
      is
      on leave of absence for any purpose, shall not, during the period of any such
      absence, be deemed, by virtue of such absence alone, to have terminated such
      Participant’s employment, director status or consultancy with the Company or
      with an Affiliate, except as the Administrator may otherwise expressly
      provide.

    

    In
      addition, for purposes of this Paragraph 17 and Paragraph 18 below, any change
      of employment or other service within or among the Company and any Affiliates
      shall not be treated as a termination of employment, director status or
      consultancy so long as the Participant continues to be an employee, director
      or
      consultant of the Company or any Affiliate.

     

    
      	
              18.

            	
              EFFECT
                ON STOCK GRANTS OF TERMINATION OF SERVICE OTHER THAN “FOR CAUSE” OR DEATH
                OR DISABILITY.

            

    

    

    Except
      as
      otherwise provided in a Participant’s Stock Grant Agreement, in the event of a
      termination of service (whether as an employee, director or consultant), other
      than termination “for cause,” Disability, or death for which events there are
      special rules in Paragraphs 19, 20, and 21, respectively, before all forfeiture
      provisions or Company rights of repurchase shall have lapsed, then the Company
      shall have the right to cancel or repurchase that number of Shares subject
      to a
      Stock Grant as to which the Company’s forfeiture or repurchase rights have not
      lapsed.

    

    
      	
              19.

            	
              EFFECT
                ON STOCK GRANTS OF TERMINATION OF SERVICE “FOR CAUSE”.

            

    

    

    Except
      as
      otherwise provided in a Participant’s Stock Grant Agreement, the following rules
      apply if the Participant’s service (whether as an employee, director or
      consultant) with the Company or an Affiliate is terminated “for
      cause”:

    

    
      	 	
              a.

            	
              All
                Shares subject to any Stock Grant shall be immediately subject to
                repurchase by the Company at the purchase price, if any,
                thereof.

            

    

    

    
      	 	
              b.

            	
              For
                purposes of this Plan, “cause” shall include (and is not limited to)
                dishonesty with respect to the employer, insubordination, substantial
                malfeasance or non-feasance of duty, unauthorized disclosure of
                confidential information, breach by the Participant of any provision
                of
                any employment, consulting, advisory, nondisclosure, non-competition
                or
                similar agreement between the Participant and the Company, and conduct
                substantially prejudicial to the business of the Company or any Affiliate.
                The determination of the Administrator as to the existence of “cause” will
                be conclusive on the Participant and the
                Company.

            

    

     

    
      
        
        

      

      
        14

        
          

        

      

      
        
        

      

    

     

    
      	 	
              c.

            	
              “Cause”
                is not limited to events which have occurred prior to a Participant’s
                termination of service, nor is it necessary that the Administrator’s
                finding of “cause” occur prior to termination. If the Administrator
                determines, subsequent to a Participant’s termination of service, that
                either prior or subsequent to the Participant’s termination the
                Participant engaged in conduct which would constitute “cause,” then the
                Company’s right to repurchase all of such Participant’s Shares shall
                apply.

            

    

    

    
      	 	
              d.

            	
              Any
                provision in an agreement between the Participant and the Company
                or an
                Affiliate, which contains a conflicting definition of “cause” for
                termination and which is in effect at the time of such termination,
                shall
                supersede the definition in this Plan with respect to that
                Participant.

            

    

     

    
      	
              20.

            	
              EFFECT
                ON STOCK GRANTS OF TERMINATION OF SERVICE FOR DISABILITY.

            

    

    

    Except
      as
      otherwise provided in a Participant’s Stock Grant Agreement, the following rules
      apply if a Participant ceases to be an employee, director or consultant of
      the
      Company or of an Affiliate by reason of Disability: to the extent the forfeiture
      provisions or the Company’s rights of repurchase have not lapsed on the date of
      Disability, they shall be exercisable; provided, however, that in the event
      such
      forfeiture provisions or rights of repurchase lapse periodically, such
      provisions or rights shall lapse to the extent of a pro rata portion of the
      Shares subject to such Stock Grant through the date of Disability as would
      have
      lapsed had the Participant not become Disabled. The proration shall be based
      upon the number of days accrued prior to the date of Disability.

    

    The
      Administrator shall make the determination both of whether Disability has
      occurred and the date of its occurrence (unless a procedure for such
      determination is set forth in another agreement between the Company and such
      Participant, in which case such procedure shall be used for such determination).
      If requested, the Participant shall be examined by a physician selected or
      approved by the Administrator, the cost of which examination shall be paid
      for
      by the Company.

    

    
      	
              21.

            	
              EFFECT
                ON STOCK GRANTS OF DEATH WHILE AN EMPLOYEE, DIRECTOR OR
                CONSULTANT.

            

    

    

    Except
      as
      otherwise provided in a Participant’s Stock Grant Agreement, the following rules
      apply in the event of the death of a Participant while the Participant is an
      employee, director or consultant of the Company or of an Affiliate: to the
      extent the forfeiture provisions or the Company’s rights of repurchase have not
      lapsed on the date of death, they shall be exercisable; provided, however,
      that
      in the event such forfeiture provisions or rights of repurchase lapse
      periodically, such provisions or rights shall lapse to the extent of a pro
      rata
      portion of the Shares subject to such Stock Grant through the date of death
      as
      would have lapsed had the Participant not died. The proration shall be based
      upon the number of days accrued prior to the Participant’s death.

    

    
      
        
        

      

      
        15

        
          

        

      

      
        
        

      

    

    

    
      	22.	
              PURCHASE
                FOR INVESTMENT.

            

    

    

    Unless
      the offering and sale of the Shares to be issued upon the particular exercise
      or
      acceptance of a Stock Right shall have been effectively registered under the
      Securities Act of 1933, as now in force or hereafter amended (the “1933 Act”),
      the Company shall be under no obligation to issue the Shares covered by such
      exercise unless and until the following conditions have been
      fulfilled:

    

    
      	 	
              a.

            	
              The
                person(s) who exercise(s) or accept(s) such Stock Right shall warrant
                to
                the Company, prior to the receipt of such Shares, that such person(s)
                are
                acquiring such Shares for their own respective accounts, for investment,
                and not with a view to, or for sale in connection with, the distribution
                of any such Shares, in which event the person(s) acquiring such Shares
                shall be bound by the provisions of the following legend which shall
                be
                endorsed upon the certificate(s) evidencing their Shares issued pursuant
                to such exercise or such grant:

            

    

    

    
      	 	 	 	
              “The
                shares represented by this certificate have been taken for investment
                and
                they may not be sold or otherwise transferred by any person, including
                a
                pledgee, unless (1) either (a) a Registration Statement with respect
                to
                such shares shall be effective under the Securities Act of 1933,
                as
                amended, or (b) the Company shall have received an opinion of counsel
                satisfactory to it that an exemption from registration under such
                Act is
                then available, and (2) there shall have been compliance with all
                applicable state securities laws.”

            

    

    

    
      	 	
              b.

            	
              At
                the discretion of the Administrator, the Company shall have received
                an
                opinion of its counsel that the Shares may be issued upon such particular
                exercise or acceptance in compliance with the 1933 Act without
                registration thereunder.

            

    

     

    
      	
              23.

            	
              DISSOLUTION
                OR LIQUIDATION OF THE COMPANY.

            

    

    

    Upon
      the
      dissolution or liquidation of the Company, all Options granted under this Plan
      which as of such date shall not have been exercised and all Stock Grants and
      Stock-Based Awards which have not been accepted will terminate and become null
      and void; provided, however, that if the rights of a Participant or a
      Participant’s Survivors have not otherwise terminated and expired, the
      Participant or the Participant’s Survivors will have the right immediately prior
      to such dissolution or liquidation to exercise or accept any Stock Right to
      the
      extent that the Stock Right is exercisable or subject to acceptance as of the
      date immediately prior to such dissolution or liquidation. Upon the dissolution
      or liquidation of the Company, any outstanding Stock-Based Awards shall
      immediately terminate unless otherwise determined by the Administrator or
      specifically provided in the applicable Agreement.

    

    
      
        
        

      

      
        16

        
          

        

      

      
        
        

      

    

    

    
      	
              24.

            	
              ADJUSTMENTS.

            

    

    

    Upon
      the
      occurrence of any of the following events, a Participant’s rights with respect
      to any Stock Right granted to him or her hereunder shall be adjusted as
      hereinafter provided, unless otherwise specifically provided in a Participant’s
      Agreement:

    

    A. Stock
      Dividends and Stock Splits.
      If
      (i) the shares of Common Stock shall be subdivided or combined into a
      greater or smaller number of shares or if the Company shall issue any shares
      of
      Common Stock as a stock dividend on its outstanding Common Stock, or
      (ii) 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 Common Stock, the number of shares of Common Stock deliverable upon the
      exercise of an Option or acceptance of a Stock Grant shall be appropriately
      increased or decreased proportionately, and appropriate adjustments shall be
      made including, in the purchase price per share to reflect such events. The
      number of Shares subject to the limitations in Section 3 and 4(c) shall also
      be
      proportionately adjusted upon the occurrence of such events.

    

    B. Consolidations
      or Mergers.
      If the
      Company is to be consolidated with or acquired by another entity in a merger,
      sale of all or substantially all of the Company’s assets other than a
      transaction to merely change the state of incorporation (an “Acquisition”), the
      Administrator or the board of directors of any entity assuming the obligations
      of the Company hereunder (the “Successor Board”), shall, as to outstanding
      Options, either (i) make appropriate provision for the continuation of such
      Options by substituting on an equitable basis for the Shares then subject to
      such Options either the consideration payable with respect to the outstanding
      shares of Common Stock in connection with the Acquisition or securities of
      any
      successor or acquiring entity; or (ii) upon written notice to the Participants,
      provide that all Options must be exercised (either to the extent then
      exercisable or, at the discretion of the Administrator, all Options being made
      fully exercisable for purposes of this Subparagraph) at the end of which period
      the Options shall terminate; or (iii) terminate all Options in exchange for
      a
      cash payment equal to the excess of the Fair Market Value of the Shares subject
      to such Options (either to the extent then exercisable or, at the discretion
      of
      the Administrator, all Options being made fully exercisable for purposes of
      this
      Subparagraph) over the exercise price thereof.

    

    With
      respect to outstanding Stock Grants, the Administrator or the Successor Board,
      shall either (i) make appropriate provisions for the continuation of such Stock
      Grants on the same terms and conditions by substituting on an equitable basis
      for the Shares then subject to such Stock Grants either the consideration
      payable with respect to the outstanding Shares of Common Stock in connection
      with the Acquisition or securities of any successor or acquiring entity; or
      (ii)
      terminate all Stock Grants in exchange for a cash payment equal to the excess
      of
      the Fair Market Value of the Shares subject to such Stock Grants over the
      purchase price thereof, if any. In addition, in the event of an Acquisition,
      the
      Administrator may waive any or all Company forfeiture or repurchase rights
      with
      respect to outstanding Stock Grants.

    

    
      
        
        

      

      
        17

        
          

        

      

      
        
        

      

       

    

    C. Recapitalization
      or Reorganization.
      In the
      event of a recapitalization or reorganization of the Company (other than a
      transaction described in Subparagraph B above) pursuant to which securities
      of the Company or of another corporation are issued with respect to the
      outstanding shares of Common Stock, a Participant upon exercising an Option
      or
      accepting a Stock Grant after the recapitalization or reorganization shall
      be
      entitled to receive for the purchase price, if any, paid upon such exercise
      or
      acceptance of the number of replacement securities which would have been
      received if such Option had been exercised or Stock Grant accepted prior to
      such
      recapitalization or reorganization.

    

    D. Adjustments
      to Stock-Based Awards.
      Upon
      the happening of any of the events described in Subparagraphs a, b or c above,
      any outstanding Stock-Based Award shall be appropriately adjusted to reflect
      the
      events described in such Subparagraphs. The Administrator or the Successor
      Board
      shall determine the specific adjustments to be made under this Paragraph 24,
      including, but not limited to the effect if any, of a Change of Control and,
      subject to Paragraph 4, its determination shall be conclusive.

    

    E. Modification
      of ISOs.
      Notwithstanding the foregoing, any adjustments made pursuant to Subparagraph
      A,
      B or C with respect to ISOs shall be made only after the Administrator
      determines whether such adjustments would constitute a “modification” of such
      ISOs (as that term is defined in Section 424(h) of the Code) or would cause
      any adverse tax consequences for the holders of such ISOs. If the Administrator
      determines that such adjustments made with respect to ISOs would constitute
      a
      modification of such ISOs, it may refrain from making such adjustments, unless
      the holder of an ISO specifically agrees in writing that such adjustment be
      made
      and such writing indicates that the holder has full knowledge of the
      consequences of such “modification” on his or her income tax treatment with
      respect to the ISO. This paragraph shall not apply to the acceleration of the
      vesting of any ISO that would cause any portion of the ISO to violate the annual
      vesting limitation contained in Section 422(d) of the Code as described in
      Paragraph 6Bd.

    

    
      	
              25.

            	
              ISSUANCES
                OF SECURITIES.

            

    

    

    Except
      as
      expressly provided herein, no issuance by the Company of shares of stock of
      any
      class, or securities convertible into shares of stock of any class, shall
      affect, and no adjustment by reason thereof shall be made with respect to,
      the
      number or price of shares subject to Stock Rights. Except as expressly provided
      herein, no adjustments shall be made for dividends paid in cash or in property
      (including without limitation, securities) of the Company prior to any issuance
      of Shares pursuant to a Stock Right.

    

    
      
        
        

      

      
        18

        
          

        

      

      
        
        

      

    

    

    
      	
              26.

            	
              FRACTIONAL
                SHARES.

            

    

    

    No
      fractional shares shall be issued under the Plan and the person exercising
      a
      Stock Right shall receive from the Company cash in lieu of such fractional
      shares equal to the Fair Market Value thereof.

    

    
      	
              27.

            	
              CONVERSION
                OF ISOs INTO NON-QUALIFIED OPTIONS; TERMINATION OF ISOs.

            

    

    

    The
      Administrator, at the written request of any Participant, may in its discretion
      take such actions as may be necessary to convert such Participant’s ISOs (or any
      portions thereof) that have not been exercised on the date of conversion into
      Non-Qualified Options at any time prior to the expiration of such ISOs,
      regardless of whether the Participant is an employee of the Company or an
      Affiliate at the time of such conversion. At the time of such conversion, the
      Administrator (with the consent of the Participant) may impose such conditions
      on the exercise of the resulting Non-Qualified Options as the Administrator
      in
      its discretion may determine, provided that such conditions shall not be
      inconsistent with this Plan. Nothing in the Plan shall be deemed to give any
      Participant the right to have such Participant’s ISOs converted into
      Non-Qualified Options, and no such conversion shall occur until and unless
      the
      Administrator takes appropriate action. The Administrator, with the consent
      of
      the Participant, may also terminate any portion of any ISO that has not been
      exercised at the time of such conversion.

    

    
      	
              28.

            	
              WITHHOLDING.

            

    

    

    In
      the
      event that any federal, state, or local income taxes, employment taxes, Federal
      Insurance Contributions Act (“F.I.C.A.”) withholdings or other amounts are
      required by applicable law or governmental regulation to be withheld from the
      Participant’s salary, wages or other remuneration in connection with the
      exercise or acceptance of a Stock Right or in connection with a Disqualifying
      Disposition (as defined in Paragraph 29) or upon the lapsing of any forfeiture
      provision or right of repurchase, or for any other reason required by law,
      the
      Company may withhold from the Participant’s compensation, if any, or may require
      that the Participant advance in cash to the Company, or to any Affiliate of
      the
      Company which employs or employed the Participant, the statutory minimum amount
      of such withholdings unless a different withholding arrangement, including
      the
      use of shares of the Company’s Common Stock or a promissory note, is authorized
      by the Administrator (and permitted by law). For purposes hereof, the fair
      market value of the shares withheld for purposes of payroll withholding shall
      be
      determined in the manner provided in Paragraph 1 above, as of the most recent
      practicable date prior to the date of exercise. If the fair market value of
      the
      shares withheld is less than the amount of payroll withholdings required, the
      Participant may be required to advance the difference in cash to the Company
      or
      the Affiliate employer. The Administrator in its discretion may condition the
      exercise of an Option for less than the then Fair Market Value on the
      Participant’s payment of such additional withholding. 

    

    
      
        
        

      

      
        19

        
          

        

      

      
        
        

      

    

    

    
      	
              29.

            	
              NOTICE
                TO COMPANY OF DISQUALIFYING DISPOSITION.

            

    

    

    Each
      Employee who receives an ISO must agree to notify the Company in writing
      immediately after the Employee makes a Disqualifying Disposition of any shares
      acquired pursuant to the exercise of an ISO. A Disqualifying Disposition is
      defined in Section 424(c) of the Code and includes any disposition (including
      any sale or gift) of such shares before the later of (a) two years after the
      date the Employee was granted the ISO, or (b) one year after the date the
      Employee acquired Shares by exercising the ISO, except as otherwise required
      by
      Section 424(c) of the Code. If the Employee has died before such stock is sold,
      these holding period requirements do not apply and no Disqualifying Disposition
      can occur thereafter.

    

    
      	
              30.

            	
              TERMINATION
                OF THE PLAN.

            

    

    

    The
      Plan
      will terminate on February 8, 2017. The Plan may be terminated at an earlier
      date by vote of the Board of Directors or shareholders of the Company; provided,
      however, that any such earlier termination shall not affect any Agreements
      executed prior to the effective date of such termination.

    

    
      	
              31.

            	
              AMENDMENT
                OF THE PLAN AND AGREEMENTS.

            

    

    

    The
      Plan
      may be amended by the shareholders of the Company. The Plan may also be amended
      by the Administrator, including, without limitation, to the extent necessary
      to
      qualify any or all outstanding Stock Rights granted under the Plan or Stock
      Rights to be granted under the Plan for favorable federal income tax treatment
      (including deferral of taxation upon exercise) as may be afforded incentive
      stock options under Section 422 of the Code, and to the extent necessary to
      qualify the shares issuable upon exercise or acceptance of any outstanding
      Stock
      Rights granted, or Stock Rights to be granted, under the Plan for listing on
      any
      national securities exchange or quotation in any national automated quotation
      system of securities dealers. Any amendment approved by the Administrator which
      the Administrator determines is of a scope that requires shareholder approval
      shall be subject to obtaining such shareholder approval. Any modification or
      amendment of the Plan shall not, without the consent of a Participant, adversely
      affect his or her rights under a Stock Right previously granted to him or her.
      With the consent of the Participant affected, the Administrator may amend
      outstanding Agreements in a manner which may be adverse to the Participant
      but
      which is not inconsistent with the Plan. In the discretion of the Administrator,
      outstanding Agreements may be amended by the Administrator in a manner which
      is
      not adverse to the Participant.

    

    
      	
              32.

            	
              EMPLOYMENT
                OR OTHER RELATIONSHIP.

            

    

    

    Nothing
      in this Plan or any Agreement shall be deemed to prevent the Company or an
      Affiliate from terminating the employment, consultancy or director status of
      a
      Participant, nor to prevent a Participant from terminating his or her own
      employment, consultancy or director status or to give any Participant a right
      to
      be retained in employment or other service by the Company or any Affiliate
      for
      any period of time.

    

    
      
        
        

      

      
        20

        
          

        

      

      
        
        

      

    

    

    
      	
              33.

            	
              GOVERNING
                LAW.

            

    

    

    This
      Plan
      shall be construed and enforced in accordance with the law of the State of
      Delaware.

    
       

      
        
          
          

        

        
          21

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