Document:

Certificate of the Designations, Powers, Preferences and Rights Series Two

 Exhibit 4.2 
 CERTIFICATE OF THE DESIGNATIONS, POWERS, 
 PREFERENCES AND RIGHTS 
 OF THE 
 CLASS B, SERIES TWO,
CONVERTIBLE PREFERRED STOCK 
 (Par Value $.001 Per Share) 
 of 
 REDHAWK ENERGY CORPORATION 
  
  
 Pursuant to Section 151 of the 
 General Corporation Law of the State of
Delaware 
  
  
 RedHawk Energy Corporation, a corporation organized and existing under the General Corporation Law of the State of Delaware (the
Corporation), by its President, 
 DOES HEREBY CERTIFY: 
 FIRST: That, pursuant to authority expressly vested in the Board of Directors of said Corporation by the provisions of its Certificate of
Incorporation, said Board of Directors duly adopted the following resolution providing for the designation and issuance of 80,000 shares of Class B, Series Two, Convertible Preferred Stock, $.001 par value: 
 RESOLVED, that this Board of Directors, pursuant to authority expressly vested in it by the provisions of the Certificate of Incorporation of
the Corporation, hereby authorizes the issue from time to time of a series of Preferred Stock of the Corporation and hereby fixes the designation, preferences and the relative, participating, optional or other rights, and the qualifications,
limitations or restrictions thereof, in addition to those set forth in said Certificate of Incorporation, to be in their entirety as follows: 
 Section 1. Designation and Number. The series of Preferred Stock is designated and known as Class B, Series Two, Convertible Preferred Stock. The number of shares constituting Class B, Series Two,
Convertible Preferred Stock (the Series Two Preferred Stock) is 80,000. All equity securities of the Corporation ranking as to dividends or distributions of assets on liquidation, dissolution or winding up of the Corporation
that are junior to the Series Two Preferred Stock, including the Corporation’s common stock, $.001 par value (the Common Stock), are sometimes hereinafter referred to as Junior Securities. 
 Section 2. Liquidation Rights. In the event of any voluntary or involuntary liquidation, dissolution or winding up of the
affairs of the Corporation, the holders of the shares of Series Two Preferred Stock are entitled to receive, prior to and in preference to any distribution of any of the assets or surplus funds of the Corporation to the holders of any Junior
Securities by reason of their ownership thereof, an amount equal to $100 per share (the Liquidation Value), plus any accrued but unpaid dividends on the Series Two Preferred Stock. All of the preferential amounts to be
paid to the holders of the Series Two Preferred Stock under this Section 2 is paid or set apart for payment before the payment or setting apart for payment of any amount for, or the distribution of any assets of the Corporation to, the
holders of any Junior Securities, in connection with such liquidation, dissolution or winding up. If the assets or surplus funds to be distributed to the holders of the Series Two Preferred Stock are insufficient to permit the payment to such
holders of their full preferential amount, the assets and surplus funds legally available for distribution are distributed ratably among the holders of the Series Two Preferred Stock in proportion to the full preferential amount each such holder is
otherwise entitled to receive. 
 (a) After the payment or the setting apart of payment to the holders of the Series Two Preferred

  

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Stock of the preferential amounts so payable to them, the holders of the junior Securities are entitled to share ratably all remaining assets of the Corporation. 
 (b) A consolidation or merger of the Corporation (other than a merger where (i) the Corporation is the surviving corporation or (ii) the
Corporation is not the surviving entity but the holders of a majority of the voting power of the Corporation prior to such merger or consolidation hold a majority of the voting power of the surviving entity), or a sale of substantially all of the
assets of the Corporation is deemed a liquidation, dissolution or winding up of the Corporation and entitle the holders of the Series Two Preferred Stock to receive the amounts specified in this Section 2, upon the terms stated herein.

 Section 3. Conversion into Common Stock. The holder of any shares of Series Two Preferred Stock shall have
conversion rights as follows: 
 (a) Right to Convert. Each share of Series Two Preferred Stock is convertible, without the payment
of any additional consideration by the holder thereof and at the option of the holder thereof, at any time after the date of issuance of such share, into such number of fully paid and non-assessable shares of Common Stock as is determined by
dividing the Liquidation Value by the Series Two Conversion Price, determined as hereinafter provided, in effect at the time of conversion. The conversion price at which shares of Common Stock is deliverable upon conversion of Series Two Preferred
Stock without the payment of any additional consideration by the holder thereof (the Series Two Conversion Price) initially equals $0.763 per share of Common Stock. The Series Two Conversion Price is subject to
adjustment, in order to adjust the number of shares of Common Stock into which the Series Two Preferred Stock is convertible, as hereinafter provided. 
 (b) Mechanics of Conversion. No fractional shares of Common Stock are issued upon conversion of the Series Two Preferred Stock. In lieu of any fractional shares to which the holder would otherwise be
entitled, the Corporation shall pay cash equal to such fraction multiplied by the then effective Series Two Conversion Price. Before any holder of Series Two Preferred Stock is entitled to receive certificates representing shares of Common Stock
issuable upon conversion of the Series Two Preferred Stock, he shall surrender the certificate or certificates therefor, duly endorsed, at the office of the Corporation or of any transfer agent for the Series Two Preferred Stock, and shall, in the
case of conversion under Section 3(a) hereof, give written notice to the Corporation at such office that he elects to convert the same, and shall state therein his name or the name or names of his nominees in which he wishes the
certificate or certificates for shares of Common Stock to be issued. The Corporation shall, as soon as practicable after receipt of the certificate(s) representing Series Two Preferred Stock, issue and deliver at such office to such holder of Series
Two Preferred Stock, or to his nominee or nominees, a certificate or certificates for the number of shares of Common Stock to which he is entitled as aforesaid, together with cash in lieu of any fraction of a share and cash in payment of declared
dividends on the shares of Series Two Preferred Stock converted through the date of conversion, and a certificate or certificates for such shares of Series Two Preferred Stock as were represented by the certificates surrendered and not converted.
Voluntary conversions pursuant to Section 3(a) hereof is deemed to have been made immediately prior to the close of business on the date of such surrender of the shares of Series Two Preferred Stock to be converted, and the person or
persons entitled to receive the shares of Common Stock issuable upon conversion is treated for all purposes as the record holder or holders of such shares of Common Stock on such date. 
 (c) Adjustments to Conversion Price for Diluting Issues: 
 (i) Special Definitions. For purposes of this Section 3(c) and the other provisions of this Certificate, the
following definitions apply: 
 (1) Option means rights, options or warrants to subscribe for, purchase or
otherwise acquire either Common Stock or Convertible Securities. 
 (2) Original Issue Date means the date on
which the first share of Series Two Preferred Stock is originally issued. 
  

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 (3) Membership Interest Purchase Agreement means that certain Membership
Interest Purchase Agreement, dated as of October 30, 2009, pertaining to the sale and purchase by the Corporation of memberships in certain subsidiaries of Xxtreme Group, L.L.C., a Louisiana limited liability company, and the Company, a copy of
which is on file at the office of the Corporation. 
 (4) Convertible Securities means any evidences of
indebtedness, shares (other than Common Stock and Series Two Preferred Stock), or other securities directly or indirectly convertible into or exchangeable for Common Stock. 
 (5) Additional Shares of Common Stock means all shares of Common Stock issued (or, under Section 3(c)(iii)
hereof, is deemed to be issued) by the Corporation after the Original Issue Date, but does not include: 
 (A) Shares of
Common Stock issued or issuable upon conversion of shares of the Series Two Preferred Stock; 
 (B) Shares of Common Stock
issued or issuable upon conversion of shares of Class B, Series One, Convertible Preferred Stock. 
 (C) Shares of Common
Stock issued or issuable in connection with the acquisition of another corporation or other entity by the Corporation by merger, purchase of substantially all the stock or assets or other reorganization; provided that such acquisition and its terms
have been approved by the Board of Directors of the Corporation; and 
 (D) By way of dividend or other distribution on
shares of Common Stock excluded from the definition of Additional Shares of Common Stock by the foregoing provisions of this Section 3(c)(5) or on Common Stock so excluded. 
 (ii) No Adjustment of Conversion Price. 
 (A) No adjustment in the number of shares of Common Stock into which the Series Two Preferred Stock is convertible may be made, by
adjustment in the Series Two Conversion Price in respect of the issuance of Additional Shares of Common Stock or otherwise, unless the consideration per share for an Additional Share of Common Stock issued or deemed to be issued by the Corporation
is less than the Series Two Conversion Price in effect on the date of, and immediately prior to, the issue of any such Additional Shares. 
 (B) Notwithstanding anything contained herein to the contrary, if the Corporation at any time after the date hereof declares or pays any dividend on the Common Stock payable in Common Stock, or effects a
subdivision or combination or consolidation of the outstanding Common Stock (by reclassification or otherwise than by payment of a dividend in Common Stock) into a greater or lesser number of Common Stock, and the result thereof is to reduce the
ownership interest of the Series Two Preferred Stock in the Corporation by more than 5%, assuming all warrants, options and convertible securities outstanding are exercised, then the transaction effectuating such measures is subject to the approval
of a majority of the outstanding Series Two Preferred Stock, so long as at least 17,500 shares of Series Two Preferred Stock remain outstanding. 
 (iii) Issue of Securities Deemed Issue of Additional Shares of Common Stock. 
 (1) Options and Convertible Securities. If the Corporation from time to time after the Original Issue Date issues any Options or Convertible Securities or fixes a record date for

  

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the determination of holders of any class of securities entitled to receive any such Options or Convertible Securities, then the maximum number of shares (as set forth in the instrument relating
thereto without regard to any provisions contained therein for a subsequent adjustment of such number) of Common Stock issuable upon the exercise of such Options or, in the case of Convertible Securities and Options therefor, the conversion or
exchange of such Convertible Securities, is deemed to be Additional Shares of Common Stock issued as of the time of such issue or, in case such a record date has been fixed, as of the close of business on such record date. Notwithstanding the
foregoing provisions of this Section 3(c)(iii)(1) to the contrary, (y) Additional Shares of Common Stock is not deemed to have been issued unless the consideration per share (determined under Section 3(c)(v) hereof) of
such Additional Shares of Common Stock would be less than the Series Two Conversion Price in effect on the date of and immediately prior to such issue, or such record date, as the case may be; and (z) in any such case in which Additional Shares
of Common Stock are deemed to be issued, then the following provisions apply: 
 (A) No further adjustment in the Series
Two Conversion Price is made upon the subsequent issue of Convertible Securities or shares of Common Stock upon the exercise of such Options or conversion or exchange of such Convertible Securities; 
 (B) If such Options or Convertible Securities by their terms provide, with the passage of time or otherwise, for any increase in the
consideration payable to the Corporation, or decrease in the number of shares of Common Stock issuable, upon the exercise, conversion or exchange thereof, the Series Two Conversion Price computed upon the original issue thereof (or upon the
occurrence of a record date with respect thereto), and any subsequent adjustments based thereon, upon any such increase or decrease becoming effective, must be recomputed to reflect such increase or decrease insofar as it affects such Options or the
rights of conversion or exchange under such Convertible Securities; 
 (C) Upon the expiration of any such Options or any
rights of conversion or exchange under such Convertible Securities which have not been exercised, the Series Two Conversion Price computed upon the original issue thereof (or upon the occurrence of a record date with respect thereto), and any
subsequent adjustments based thereon, upon such expiration, must be recomputed as if: 
 (I) In the case of Convertible
Securities or Options for Common Stock, the only Additional Shares of Common Stock issued were the shares of Common Stock, if any, actually issued upon the exercise of such Options or the conversion or exchange of such Convertible Securities and the
consideration received therefor was the consideration actually received by the Corporation for the issue of all such Options, whether or not exercised, plus the consideration actually received by the Corporation upon such exercise, or for the issue
of all such Convertible Securities which were actually converted or exchanged, plus the additional consideration, if any, actually received by the Corporation upon such conversion or exchange, and 
 (II) In the case of Options for Convertible Securities, only the Convertible Securities, if any, actually issued upon the exercise
thereof were issued at the time of issue of such Options, and the consideration received by the Corporation for the Additional Shares of Common Stock deemed to have been then issued was the consideration actually received by the Corporation for the
issue of all such Options, whether or not exercised, plus the consideration deemed to have been received by the Corporation (determined under Section 3(c)(v) hereof) upon the issue of the Convertible

  

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Securities with respect to which such Options were actually exercised; 
 (D) No readjustment under Sections 3(c)(iii)(B) or (C) hereof has the effect of increasing the Series Two Conversion Price to an amount which exceeds the lower of (i) the Series Two Conversion Price on the original
adjustment date, or (ii) the Series Two Conversion Price that would have resulted from any issuance of Additional Shares of Common Stock between the original adjustment date and such readjustment date; 
 (E) In the case of any Options which expire by their terms not more than 30 days after the date of issue thereof, no adjustment of the
Series Two Conversion Price may be made until the expiration or exercise of all such Options, whereupon such adjustment is made in the same manner provided in Section 3(c)(iii)(C) hereof; and 
 (F) If such record date has been fixed and such Options or Convertible Securities have not been issued on the date fixed therefor, the
adjustment previously made in the Series Two Conversion Price which became effective on such record date is canceled as of the close of business on such record date, and thereafter the Series Two Conversion Price is adjusted in accordance with this
Section 3(c)(iii) as of the actual date of their issuance. 
 (2) Stock Dividends, Stock Distributions and
Subdivisions. If the Corporation after the Original Issue Date declares or pays any dividend or makes any other distribution on the Common Stock payable in Common Stock, or effect a subdivision of the outstanding shares of Common Stock (by
reclassification or otherwise than by payment of a dividend in Common Stock), then and in any such event, Additional Shares of Common Stock is deemed to have been issued: 
 (A) In the case of any such dividend or distribution, immediately after the close of business on the record date for the determination
of holders of any class of securities entitled to receive such dividend or distribution, or 
 (B) In the case of any such
subdivision, at the close of business on the date immediately prior to the date upon which such corporate action becomes effective. 
 If such record date has been fixed and such dividend has not been fully paid on the date fixed therefor, the adjustment previously made in the Series Two Conversion Price which became effective on such record date
is canceled as of the close of business on such record date, and thereafter the Series Two Conversion Price is adjusted pursuant to this Section 3(c)(iii) as of the time of actual payment of such dividend. 
 (iv) Adjustment of Conversion Price of Series Two Preferred Stock Upon Issuance of Additional Shares of Common Stock. If the
Corporation issues Additional Shares of Common Stock (including Additional Shares of Common Stock deemed to be issued under Section 3(c)(iii) hereof, but excluding Additional Shares of Common Stock deemed to be issued under
Section 3(c)(iii)(2) hereof, which event is addressed in Section 3(c)(vi) hereof) without consideration or for a consideration per share less than the Series Two Conversion Price in effect on the date of and immediately prior
to such issue, then such Series Two Conversion Price is reduced, concurrently with such issue to a price (calculated to the nearest cent) determined by multiplying the Series Two Conversion Price in effect immediately prior to such adjustment with
respect to the Series Two Preferred Stock by a fraction: 
 (x) The numerator of which is (1) the number of shares of
Common Stock outstanding immediately prior to such issue (including shares of Common Stock

  

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issuable upon conversion of any outstanding Series Two Preferred Stock or Convertible Securities) plus (2) the number of shares of Common Stock which the aggregate consideration received by
the Corporation for the total number of Additional Shares of Common Stock so issued would purchase at such Series Two Conversion Price, and 
 (y) The denominator of which is (1) the number of shares of Common Stock outstanding immediately prior to such issue (including shares of Common Stock issuable upon conversion of any outstanding Series Two
Preferred Stock or Convertible Securities) plus (2) the number of such Additional Shares of Common Stock so issued; provided that the Series Two Conversion Price in effect with respect to the Series Two Preferred Stock shall not be so reduced
at such time if the amount of such reduction would be an amount less than $0.001, but any such amount is carried forward and reduction with respect thereto made at the time of and together with any subsequent reduction which, together with such
amount and any other amount or amounts so carried forward, shall aggregate $0.001 or more. 
 (v) Determination of
Consideration. For purposes of this Section 3(c), the consideration received by the Corporation for the issue of any Additional Shares of Common Stock is computed as follows: 
 (1) Cash and Property: Such consideration shall: 
 (A) Insofar as it consists of cash, be computed at the aggregate amount of cash received by the Corporation excluding amounts paid or
payable for accrued interest or accrued dividends; 
 (B) Insofar as it consists of property other than cash, be computed
at the fair value thereof at the time of such issue, as determined in good faith by the Board of Directors; and 
 (C) If
Additional Shares of Common Stock are issued together with other shares or securities or other assets of the Corporation for consideration which covers both, be the proportion of such consideration so received, computed as provided in clauses
(A) and (B) of this Section 3(c)(iv)(1), as determined in good faith by the Board of Directors. 
 (2)
Options and Convertible Securities. The consideration per share received by the Corporation for Additional Shares of Common Stock deemed to have been issued under Section 3(c)(iii)(1) hereof, relating to Options and Convertible
Securities, is determined by dividing 
 (x) the total amount, if any, received or receivable by the Corporation as
consideration for the issue of such Options or Convertible Securities, plus the minimum aggregate amount of additional consideration (as set forth in the instruments relating thereto, without regard to any provision contained therein for a
subsequent adjustment of such consideration) payable to the Corporation upon the exercise of such Options or the conversion or exchange of such Convertible Securities, or in the case of Options for Convertible Securities, the exercise of such
Options for Convertible Securities and the conversion or exchange of such Convertible Securities, by 
 (y) the maximum
number of shares of Common Stock (as set forth in the instruments relating thereto, without regard to any provision contained therein for a subsequent adjustment of such number) issuable upon the exercise of such Options or the conversion or
exchange of such

  

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Convertible Securities. 
 (vi) Adjustment for Dividends,
Distributions, Subdivisions, Combinations or Consolidation of Common Stock. 
 (1) Stock Dividends, Distributions
or Subdivisions. If the Corporation issues Additional Shares of Common Stock under Section 3(c)(iii)(2) in a stock dividend, stock distribution or subdivision, the Series Two Conversion Price in effect immediately prior to such stock
dividend, stock distribution or subdivision shall, concurrently with the effectiveness of such stock dividend, stock distribution or subdivision, be proportionately decreased. 
 (2) Combinations or Consolidations. If the outstanding shares of Common Stock is combined or consolidated, by reclassification
or otherwise, into a lesser number of shares of Common Stock, the Series Two Conversion Price in effect immediately prior to such combination or consolidation shall, concurrently with the effectiveness of such combination or consolidation, be
proportionately increased. 
 (vii) Adjustment for Merger or Reorganization, etc. In case of any consolidation or
merger of the Corporation with or into another corporation or the conveyance of all or substantially all of the assets of the Corporation to another corporation, each share of Series Two Preferred Stock is thereafter convertible into the number of
shares of stock or other securities or property to which a holder of the number of shares of Common Stock of the Corporation deliverable upon conversion of such Series Two Preferred Stock would have been entitled upon such consolidation, merger or
conveyance. In any such case, appropriate adjustment (as determined in good faith by the Board of Directors) must be made in the application of the provisions herein with respect to the rights and interest thereafter of the holders of the Series Two
Preferred Stock, so that the provisions herein (including provisions with respect to changes in and other adjustments of the Series Two Conversion Price) are thereafter applicable, as nearly as reasonably may be, in relation to any shares of stock
or other property thereafter deliverable upon the conversion of the Series Two Preferred Stock. 
 (d) No Impairment. The
Corporation may not, by amendment of its Certificate of Incorporation or through any reorganization, transfer of assets, consolidation, merger, dissolution, issue or sale of securities or any other voluntary action, avoid, or seek to avoid, the
observance or performance of any of the terms to be observed or performed hereunder by the Corporation but must at all times in good faith assist in the carrying out of all the provisions of this Section 3, and take all such action as
may be necessary or appropriate in order to protect the conversion rights of the holders of the Series Two Preferred Stock against impairment. 
 (e) Certificate as to Adjustments. Upon the occurrence of each adjustment or readjustment of the Series Two Conversion Price under this Section 3, the Corporation at its expense shall promptly compute such adjustment or
readjustment in accordance with the terms hereof and furnish to each holder of Series Two Preferred Stock a certificate setting forth such adjustment or readjustment and showing in detail the facts upon which such adjustment or readjustment is
based. The Corporation shall, upon the written request at any time of any holder of Series Two Preferred Stock, furnish or cause to be furnished to such holder a like certificate setting forth (i) such adjustments and readjustments,
(ii) the Series Two Conversion Price at the time in effect, and (iii) the number of shares of Common Stock and the amount, if any, of other property which at the time would be received upon the conversion of Series Two Preferred Stock.

 (f) Notices of Record Date. In the event of any taking by the Corporation of a record of the holders of any class of securities
for the purpose of determining the holders thereof who are entitled to receive any dividend (other than a cash dividend which is the same as cash dividends paid in previous quarters) or other distribution, the Corporation shall mail to each holder
of Series Two Preferred Stock at least ten (10) days prior to the record date specified for such action, a notice specifying the date on which any such record is to be taken for the purpose of such dividend or distribution and describing such
dividend or distribution. 
 (g) Common Stock Reserved. The Corporation shall reserve and keep available out of its

  

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authorized but unissued Common Stock such number of shares of Common Stock as shall from time to time be sufficient to effect conversion of the Series Two Preferred Stock. 
 Section 4. Redemption/Dividends. 
 (a) Mandatory Redemption. At any time on or after January 1, 2010, and from time to time thereafter, upon the written request (each such request is called the Mandatory Redemption Notice) of the holders of at least
75% of the then outstanding shares of Series Two Preferred Stock, to the extent the Corporation has funds legally available therefor, the Corporation shall redeem all or the number of shares of Preferred Stock set forth in the Mandatory Redemption
Notice, at the Redemption Price (as defined below) in one payment due and payable within 15 calendar days immediately following the date of each such Mandatory Redemption Notice (the Redemption Date). Notwithstanding the
foregoing, the Corporation may, in its discretion, accelerate the payment of the Redemption Price and the redemption of the Series Two Preferred Stock. 
 (b) Dividend Rate. The holders of the Series Two Preferred Stock are entitled to receive, out of the funds of the Corporation legally available therefor, cumulative cash dividends at the annual rate of
5.0% (the Dividend Rate) of the Liquidation Value, computed on a simple interest basis, from the operations of the Corporation, upon and in connection with a liquidation, dissolution or winding up of the Corporation under
Section 2 hereof, or upon and in connection with a redemption of the Series Two Preferred Stock under Section 4 hereof. Such dividends begin to accrue with respect to any shares of Series Two Preferred Stock on the date of
issuance of such shares. Dividends are payable to holders of record, as they appear on the stock books of the Corporation on the date of such payment is to be made. 
 (c) Redemption Procedure/Rights. The Corporation shall within five days after receipt of each Mandatory Redemption Notice, mail to each holder of Series Two Preferred Stock a notice setting forth the date (a
Noticed Redemption Date) and place of redemption and the number of shares and the certificate numbers thereof which the Corporation is required to redeem. Shares of Series Two Preferred Stock required to be redeemed must be redeemed
pro rata from all holders of Series Two Preferred Stock. Except as set forth in Section 4(g) hereof, nothing contained herein restricts the right of the holders of the Series Two Preferred Stock to convert their Series Two
Preferred Stock in accordance with the provisions of Section 3. If shares of Series Two Preferred Stock scheduled for redemption are not redeemed because of a prohibition under applicable law, such shares are redeemed as soon as such
prohibition no longer exists. The Series Two Preferred Stock that has not been redeemed shall remain issued and outstanding until the Redemption Price has been paid in full and entitled to all rights and preferences provided herein. Upon the
exercise of any redemption right under this Section 4, the holder of the Series Two Preferred Stock being redeemed shall deliver certificates representing such shares to the Corporation in exchange for the Redemption Price. Such shares
shall no longer be deemed to be outstanding after such date of redemption and payment of the Redemption Price has been made in full to the holders of those shares scheduled for redemption. In case less than all the shares represented by any such
certificate are redeemed, a new certificate is issued representing the unredeemed shares without cost to the holder thereof. 
 (d)
Redemption Price. The redemption price (the Redemption Price) for each share of Preferred Stock redeemed under this Section 4 equals $100 (subject to adjustment to reflect any stock dividend, stock
split or other form of recapitalization occurring after the date hereof), plus any accrued but unpaid dividends thereon through the applicable Redemption Date. 
 (e) Redeemed or Otherwise Acquired Shares to be Retired. Any shares of the Series Two Preferred Stock redeemed under this Section 4 or otherwise acquired by the Corporation in any manner
whatsoever is permanently retired immediately on the acquisition thereof and may not be reissued; and the Corporation shall from time to time take such appropriate action as may be necessary to reduce the authorized number of shares of Series Two
Preferred Stock accordingly. 
 (f) Dividends after Redemption Date. Notice of redemption having been so mailed and provision for
payment of the Redemption Price for such shares on the specified date having been made by the Corporation, then, unless default be made in the payment of the Redemption Price for such shares when and

  

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as due, the shares of Series Two Preferred Stock designated for redemption are not entitled to any dividends accruing after the date specified for redemption. 
 (g) Legally Available Funds. For the purpose of determining whether funds are legally available for redemption of shares of Series Two
Preferred Stock as provided herein, the Corporation shall value its assets at the highest amount permissible under applicable law. If on any Redemption Date funds of the Corporation legally available therefor is insufficient to redeem all the shares
of Series Two Preferred Stock required to be redeemed as provided herein, funds to the extent legally available is used for such purpose and the Corporation shall apply such funds to each holder’s shares of Series Two Preferred Stock pro rata
according to the number of shares held by each holder of Series Two Preferred Stock. 
 (h) Termination of Conversion. If the
Corporation has mailed written notice of redemption to the holders of record of shares of Series Two Preferred Stock in accordance with the terms of Subsection 4(c) hereof, the holder’s right to convert such shares called for redemption
shall cease at the close of business on the Redemption Date, unless the Corporation defaults in the payment of the Redemption Price. 
 Section 5. Voting Rights. Except as otherwise required by law, the holders of the Series Two Preferred Stock and the holders of the Common Stock and other Junior Securities are entitled to notice of any
stockholders’ meeting and to vote upon any matter submitted to a stockholder for a vote, on the following basis, except as otherwise provided in Subsection 5(b) hereof: 
 (a) Holders of Common Stock shall have one vote per share; and 
 (b) Holders of Series Two Preferred Stock have the number of votes per share that equals the number of shares of Common Stock into which each such share of Series Two Preferred Stock held by such holder is
convertible. 
 Section 6. Certain Restrictions. Whenever dividends or Redemption Payments payable on the Series
Two Preferred Stock as prescribed in Section 4 hereof are in arrears, or the Corporation has failed to comply with the provisions of Section 4 hereof, thereafter and until all accrued and unpaid dividends and Redemption
Payments, whether or not earned or declared, on the Series Two Preferred Stock outstanding have been paid in full, and the Corporation has complies with such provisions of Section 4 hereof, the Corporation may not do any of the
following: 
 (a) Declare or pay dividends, or make any other distributions, on any shares ranking junior (either as to dividends or upon
liquidation, dissolution or winding up) to the Series Two Preferred Stock; 
 (b) Declare or pay dividends, or make any other
distributions, on any shares of stock ranking on a parity (either as to dividends or upon liquidation, dissolution or winding up) with the Series Two Preferred Stock, except dividends paid ratably on the Series Two Preferred Stock and all such
parity stock on which dividends are payable or in arrears in proportion to the total amounts to which the holders of all such shares are then entitled; or 
 (c) Redeem or purchase or otherwise acquire for consideration any Junior Securities (either as to dividends or upon liquidation, dissolution or winding up) to the Series Two Preferred Stock, provided that the
Corporation may at any time redeem, purchase or otherwise acquire any such Junior Securities in exchange for any other Junior Securities of the Corporation or rights, warrants or options to acquire such Junior Securities.; or 
 (d) Redeem or purchase or otherwise acquire for consideration any Class A Preferred Shares, or any shares ranking on a parity (either as to
dividends or upon liquidation, dissolution or winding up) with the Class A Preferred Shares, except in accordance with a purchase offer made in writing or by publication (as determined by the Board of Directors) to all holders of such shares
upon such terms as the Board of Directors, after consideration of the respective annual dividend rates and other relative rights and preferences of the respective series and classes, shall determine in good faith will result in fair and equitable
treatment among the respective series or classes. 
  

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 Section 7. Covenants. So long as any of the shares of the Series Two
Preferred Stock authorized hereby is outstanding, the Corporation shall not, without first obtaining the affirmative vote or written consent of not less than 60% of such outstanding shares of Series Two Preferred Stock, voting separately as a class:

 (a) Amend or repeal any provision of, or add any provision to, the Corporation’s Certificate of Incorporation or By-laws if such
action would alter or change the preferences, rights, privileges or powers of, or the restrictions provided for the benefit of the Series Two Preferred Stock; 
 (b) Reclassify any Common Stock into shares having any preference or priority as to dividends or assets superior to or on a parity with any such preference or priority of the Series Two Preferred Stock; 

(c) Create or issue any securities of the Corporation which have equity features and which rank on parity with or senior to the Series Two
Preferred Stock upon payment of dividends or upon liquidation or other distribution of assets; 

	(d)	Increase the authorized number of shares of Series Two Preferred Stock; or 

 (e) Merge, consolidate, sell, lease, exchange or otherwise dispose of all or substantially all its property and assets unless (i) the Corporation is the surviving corporation following such merger or
consolidation or (ii) the Corporation is not the surviving entity but the holders of a majority of the voting power of the Corporation prior to such merger or consolidation hold a majority of the voting power of the surviving entity.

 SECOND: That such determination of the designation, preferences and the relative, participating, optional or other rights, and
the qualifications, limitations or restrictions thereof, relating to said Series Two Preferred Stock, was duly made by the Board of Directors pursuant to the provisions of the Certificate of Incorporation of the Corporation, and in accordance with
the provisions of Section 151 of the General Corporation Law of the State of Delaware, as amended. 
 IN WITNESS
WHEREOF, RedHawk Energy Corporation has caused this Certificate of Designations to be executed this 29th day of October, 2009. 
  

			
	REDHAWK ENERGY CORPORATION
		
	By:	 	 /s/ G. Darcy Klug

		 	G. Darcy Klug, its President

  

 10Director and Consultant Stock Option Plan

 Exhibit 10.1 
 MYRIAD GENETICS, INC. 
 2003 EMPLOYEE, DIRECTOR AND
CONSULTANT STOCK OPTION PLAN, 
 AS AMENDED 
  

	1.	DEFINITIONS. 

 Unless
otherwise specified or unless the context otherwise requires, the following terms, as used in this Myriad Genetics, Inc. 2003 Employee, Director and Consultant Stock Option Plan, as amended, 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. (See paragraph 4) 
 Affiliate means a corporation which, for purposes of
Section 424 of the Code, is a parent or subsidiary of the Company, direct or indirect. 
 Board of Directors means
the Board of Directors of the Company. 
 Change of Control means the occurrence of any of the following events:

  

	 	(i)	Ownership. Any “Person” (as such term is used in Sections 13(d) and 14(d) of the Securities Exchange Act of 1934, as amended) becomes the “Beneficial
Owner” (as defined in Rule 13d-3 under said Act), directly or indirectly, of securities of the Company representing 50% or more of the total voting power represented by the Company’s then outstanding voting securities (excluding for this
purpose the Company or its Affiliates or any employee benefit plan of the Company) pursuant to a transaction or a series of related transactions which the Board of Directors does not approve; or 

  

	 	(ii)	Merger/Sale of Assets. A merger or consolidation of the Company whether or not approved by the Board of Directors, other than a merger or consolidation which would
result in the voting securities of the Company outstanding immediately prior thereto continuing to represent (either by remaining outstanding or by being converted into voting securities of the surviving entity or the parent of such corporation) at
least 50% of the total voting power represented by the voting securities of the Company or such surviving entity or parent of such corporation outstanding immediately after such merger or consolidation, or the stockholders of the Company
approve an agreement for the sale or disposition by the Company of all or substantially all of the Company’s assets. 

 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, $.01 par value
per share. 
 Company means Myriad Genetics, 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 Options 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 (i) the applicable date, or (ii) if the applicable date is not a trading day, the trading day immediately preceding the applicable 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 immediately preceding the applicable 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. 
  

 2 

 Option Agreement means an agreement between the Company and a Participant delivered
pursuant to the Plan, in such form as the Administrator shall approve. 
 Participant means an Employee, director or
consultant of the Company or an Affiliate to whom one or more Options are granted under the Plan. As used herein, “Participant” shall include “Participant’s Survivors” where the context requires. 
 Plan means this Myriad Genetics, Inc. 2003 Employee, Director and Consultant Stock Option Plan, as amended. 
 Shares means shares of the Common Stock as to which Options 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 upon exercise of Options granted under the Plan may be authorized and unissued shares or shares held by the
Company in its treasury, or both. 
 Survivor means a deceased Participant’s legal representatives and/or any person
or persons who acquired the Participant’s rights to an Option 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 in order to attract 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 and Non-Qualified Options. 
  

	3.	SHARES SUBJECT TO THE PLAN. 

 The number of Shares which may be issued from time to time pursuant to this Plan shall not exceed (a) 18,800,000 Shares, plus (b) such additional Shares as are represented by Options previously
granted under the Company’s 2002 Amended and Restated Employee, Director and Consultant Stock Option Plan (the “2002 Plan”) which are cancelled or expire after the date of stockholder approval of this Plan without delivery of shares
of stock by the Company and any Shares which have been reserved but not granted under the 2002 Plan as of the date of stockholder approval of the Plan; provided however, that no more than 5,611,6461 Shares (which equals the number of outstanding Options and Shares available to be granted under the 2002
Plan as of September 26, 2003) shall be added to the Plan pursuant to this subsection (b). The Administrator, in its sole discretion, shall adjust appropriately the number of Shares set forth in the previous sentence after interpreting the
effect of any stock split, stock dividend, combination, recapitalization or similar transaction in accordance with Paragraph 16 of the Plan. 
  
  

	1	 While this represents the maximum number of shares that could be added to the Plan pursuant to subsection (b), the actual number of Shares transferred
to the Plan is anticipated to be substantially less. 

  

 3 

 If an Option ceases to be “outstanding”, in whole or in part, the Shares which
were subject to such Option shall be available for the granting of other Options under the Plan. Any Option shall be treated as “outstanding” until such Option is exercised in full, or terminates or expires under the provisions of the
Plan, or by agreement of the parties to the pertinent Option Agreement. 
  

	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 or of any Option or Option Agreement and to make all rules and determinations which it deems necessary or advisable for the
administration of the Plan; 

  

	 	b.	Determine which Employees, directors and consultants shall be granted Options; 

  

	 	c.	Determine the number of Shares for which an Option or Options shall be granted, provided, however, that in no event shall Options to purchase more than 500,000 Shares
be granted to any Participant in any fiscal year; 

  

	 	d.	Specify the terms and conditions upon which an Option or Options may be granted; and 

  

	 	e.	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 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 Options or Shares acquired upon exercise of Options;

 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
Option 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. 
 If permissible 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. Any such allocation or
delegation may be revoked by the Board of Directors or the Committee 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 an Option is granted.
Notwithstanding the foregoing, the Administrator may authorize the grant of an Option 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 Option shall be
conditioned upon such person becoming eligible to become a Participant at or prior to the time of the execution of the Option Agreement evidencing such Option. ISOs may be granted only to Employees. Non-Qualified Options may be granted to any
Employee, director or consultant of the Company or an Affiliate. The granting of any Option to any individual shall neither entitle that individual to, nor disqualify him or her from, participation in any other grant of Options. 
  

	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 at least the Fair Market
Value per share of Common Stock; 

  

	 	b.	Each Option Agreement shall state the number of Shares to which it pertains; 

  

	 	c.	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; and 

  

 5 

	 	d.	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. 

  

	 	e.	Directors’ Options: On the date of each annual meeting of the Company’s stockholders commencing in 2003, each director of the Company who is
(i) not an employee of the Company or any Affiliate, or (ii) nominated or elected pursuant to or in satisfaction of a contractual obligation of the Company, provided that on such dates such director has been in the continued and
uninterrupted service of the Company as a director since his or her election or appointment and is a director of the Company and is not an employee of the Company at such times, shall be granted a Non-Qualified Option to purchase 30,000 Shares. Each
such Option shall (i) have an exercise price equal to the Fair Market Value per share of the Shares on the date of grant of the Option, (ii) have a term of ten years unless such director is terminated “for cause” and in such case
the terms of Paragraph 11 hereof shall apply, and (iii) shall become cumulatively exercisable upon completion of one full year of service on the Board of Directors after the date of grant, provided however, that in the event of a Change of
Control of the Company, the Option shall become fully exercisable as of the date of the Change of Control, in the event of the death of a director, the Option shall become fully exercisable as of the date of death and in the event of the Disability
of a director the Option shall vest 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 director 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. 

 The
provisions of Paragraphs 10, 12 and 13 below shall not apply to Options granted pursuant to this subparagraph. Any director entitled to receive an Option grant under this subparagraph may elect to decline the Option. 
  

 6 

	 	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, except clauses (a) and
(e) thereunder. 

  

	 	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.	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 100% of the Fair Market Value per share of the Shares on the date of the grant of the Option; or 

  

	 	ii.	More than 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 110% of the said Fair Market Value on the date of grant. 

  

	 	c.	Term of Option: For Participants who own: 

  

	 	i.	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 years from the
date of the grant or at such earlier time as the Option Agreement may provide; or 

  

	 	ii.	More than 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 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 are exercisable for the first time by the Participant in any calendar year does not
exceed $100,000. 

  

 7 

	7.	EXERCISE OF OPTIONS AND ISSUE OF SHARES. 

 An Option (or any part or installment thereof) shall be exercised in accordance with the procedures established by the Company for electronic exercise of the Option or 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 delivery of the grantee’s personal
note, for full, partial or no recourse, bearing interest payable not less than annually at market rate on the date of exercise and at no less than 100% of the applicable Federal rate, as defined in Section 1274(d) of the Code, with or without
the pledge of such Shares as collateral, or (d) 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 (e) at the
discretion of the Administrator, by any combination of (a), (b), (c) and (d) above. 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. 
 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 19) 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 ISO 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 ISO. 
  

 8 

	8.	RIGHTS AS A SHAREHOLDER. 

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

	9.	ASSIGNABILITY AND TRANSFERABILITY OF OPTIONS. 

 By its terms, an Option 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 Option 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 an Option 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, an Option shall be exercisable,
during the Participant’s lifetime, only 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 Option or of any rights granted thereunder contrary to the provisions of this Plan, or the levy of any attachment or similar process
upon an Option, shall be null and void. 
  

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

 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 11, 12, and 13, 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 12 or 13, in no event may an Option intended to be an ISO, be exercised later than three months after
the Participant’s termination of employment. 

  

	 	c.	 The provisions of this Paragraph, and not the provisions of Paragraph 12 or 13, shall apply to a Participant who subsequently becomes Disabled or dies
after the

  

 9 

	 	 
termination of employment, director status or consultancy, provided, however, in the case of a Participant’s Disability or death within three months after the termination of employment,
director status or consultancy, the Participant or the Participant’s Survivors may exercise the Option within one 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 permanent and total 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.	EFFECT 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 or any Affiliate, 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. 

  

 10 

	 	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 definition 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. 

  

	12.	EFFECT OF TERMINATION OF SERVICE FOR DISABILITY. 

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

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

  

	 	b.	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. 

 A Disabled Participant may exercise such rights only within (i) the earlier of the expiration of the Option or one year after the date
of the Participant’s termination of employment, directorship or consultancy, as the case may be, if the Option is an ISO, or (ii) within the remaining term of the Option if the Option is a Non-Qualified Option; 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. 
 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. 
  

 11 

	13.	EFFECT OF DEATH WHILE AN EMPLOYEE, DIRECTOR OR CONSULTANT. 

 Except as otherwise provided in a Participant’s Option Agreement, 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 shall become fully exercisable as of the date of the death of the Participant. 
 If the
Participant’s Survivors wish to exercise the Option, they must take all necessary steps to exercise the Option within the originally prescribed term of the Option. 
  

	14.	PURCHASE FOR INVESTMENT. 

 Unless the offering and sale of the Shares to be issued upon the particular exercise of an Option 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) such Option 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 in
compliance with the 1933 Act without registration thereunder. 

  

 12 

	15.	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 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 any
Option to the extent that the Option is exercisable as of the date immediately prior to such dissolution or liquidation. 
  

	16.	ADJUSTMENTS. 

 Upon the
occurrence of any of the following events, a Participant’s rights with respect to any Option granted to him or her hereunder which has not previously been exercised in full shall be adjusted as hereinafter provided, unless otherwise
specifically provided in the Participant’s Option 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 such Option may be appropriately
increased or decreased proportionately, and appropriate adjustments may be made including, in the purchase price per share, to reflect such events. The number of Shares subject to options to be granted to directors pursuant to Paragraph 6(A)(e) and
the number of Shares subject to the limitation in Paragraph 4(c) shall also be proportionately adjusted upon the occurrence of such events. 
 B. Corporate Transactions. 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 (a “Corporate Transaction”), 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 Corporate Transaction 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, including upon a change of control of the Company, all Options being made fully exercisable for purposes of this Subparagraph), within a specified number of days of the date of such
notice, 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. 
  

 13 

 C. Recapitalization or Reorganization. In the event of a recapitalization or
reorganization of the Company other than a Corporate Transaction 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 after
the recapitalization or reorganization shall be entitled to receive for the purchase price paid upon such exercise the number of replacement securities which would have been received if such Option had been exercised prior to such recapitalization
or reorganization. 
 D. Modification of ISOs. Notwithstanding the foregoing, any adjustments made pursuant to
Subparagraph A, B or C above 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 requests 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. 
 E. Repricing. Without the prior approval of the Company’s shareholders, Options issued will not be
repriced, replaced, or regranted through cancellation, or by lowering the option exercise price of a previously granted award. 
  

	17.	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 Options. 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. 
  

	18.	FRACTIONAL SHARES. 

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

	19.	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)

  

 14 

 
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. 
  

	20.	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 of an Option or a Disqualifying Disposition (as defined in Paragraph 21), 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. 
  

	21.	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 provided in 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. 
  

 15 

	22.	TERMINATION OF THE PLAN. 

 The Plan will terminate on September 4, 2013, the date which is ten years from the earlier of the date of its adoption by the Board of Directors and the date of its approval by the shareholders. The Plan may be terminated at an
earlier date by vote of the shareholders or the Board of Directors of the Company; provided, however, that any such earlier termination shall not affect any Option Agreements executed prior to the effective date of such termination. 
  

	23.	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
Options granted under the Plan or Options 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 of any outstanding Options granted, or Options 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 an Option previously granted to him or her. With the consent of the Participant affected, the Administrator may amend outstanding Option 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 Option Agreements may be amended by the Administrator in a manner which is not adverse to the Participant.

  

	24.	EMPLOYMENT OR OTHER RELATIONSHIP. 

 Nothing in this Plan or any Option 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. 
  

	25.	GOVERNING LAW. 

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

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