Document:

EXHIBIT 10.1 

AGRICULTURAL ASSET
PURCHASE AGREEMENT 

        THIS
AGREEMENT is made and entered into as of this _____ day of _________, 2004, by and
between NORTHLAND CRANBERRIES, INC., a Wisconsin corporation, with principal offices at
2930 Industrial Street, Wisconsin Rapids, WI 54495-3237 (“Seller”) and
___________________, a ________________, with principal offices at
_____________________________________________ (“Buyer”). 

WITNESSETH: 

        WHEREAS,
Seller has entered into an Option Agreement dated as of September ___, 2004 (the
“Option Agreement’) with Ocean Spray Cranberries, Inc., a Delaware corporation
(“Optionee”), pursuant to which Seller has granted Optionee an option to
purchase certain Agricultural Assets more particularly described in the Option Agreement; 

        WHEREAS,
Buyer desires hereby to exercise the right granted under the Option Agreement to purchase
Seller’s interest in a certain cranberry marsh known as the
“______________Cranberry Marsh,” which is located in the Township
of____________, __________ County, Wisconsin (the “Marsh Property”); 

        WHEREAS,
Buyer also desires to purchase Seller’s interest in certain personal property (the
“Personal Property”) more specifically described herein and sometimes referred
to, collectively with the Marsh Property and the Order described below, as the
“Property;” and 

        WHEREAS,
Seller desires to sell to Buyer its interest in the Property. 

        NOW,
THEREFORE, in consideration of the mutual promises of the parties and other good and
valuable consideration, it is agreed between the parties as follows: 

ARTICLE I  

PURCHASE AND SALE OF
ASSETS  

        Buyer
hereby exercises the right granted under the Option Agreement to acquire the Property from
Seller. As a result of the foregoing exercise, Seller agrees to sell, and Buyer agrees to
purchase, the following described assets of Seller, all of which together shall constitute
the Property: 

        A.              Seller’s
real estate described on Exhibit A attached hereto and made           a part
hereof, the same being acknowledged and agreed to constitute the Marsh
          Property.  

        B.              Seller’s
personal property used exclusively in connection with operation of           the Marsh
Property, which personal property is more particularly described on Exhibit B attached
hereto and made a part hereof, the same being           acknowledged and agreed to
constitute the Personal Property.  

        C.              The
Federal Cranberry Marketing Order (the “Order”) applicable to the
          Marsh Property.  

ARTICLE II  

TERMS OF PAYMENT 

        The
purchase price for the Property (the “Purchase Price”) shall be
____________________________ Dollars ($________) and shall be paid by wire transfer in
cash at the closing of this transaction in accordance with the terms and conditions of the
Option Agreement. 

ARTICLE III  

CLOSING 

        A.              The
closing of this transaction shall be on or before sixty (60) days after the
          date hereof, but in no event prior to December 1, 2004, and shall occur at the
          offices of Boles-Wallner Abstract & Title, Inc., 214 West Grand Avenue,
          Wisconsin Rapids, WI 54495.  

        B.              Seller
agrees to execute special warranty deeds in customary form conveying the           Marsh
Property free and clear of all liens and encumbrances, excepting Permitted
          Liens, together with all rights and appurtenances of Seller to any and all
          agreements or water rights to the real estate. For purposes hereof,
          “Permitted Liens” shall mean (i) liens for taxes not yet due and
          payable; (ii) zoning, building codes and other land use laws regulating
the           use or occupancy of the Marsh Property; (iii) easements, covenants,
conditions,           restrictions and other similar matters affecting title to the Marsh
Property and           other title defects which do not or would not reasonably be
expected to           materially impair the use or occupancy of the Marsh Property; (iv)
liens set           forth on the Seller Disclosure Statement (as defined below), and (v) all
          matters which would be disclosed by an accurate survey of the Marsh Property
          which do not or would not reasonably be expected to materially impair the use
or           occupancy of the Marsh Property.  

        C.              Seller
further agrees to execute a bill of sale assigning and conveying the           Personal
Property free and clear of all liens and encumbrances, excepting           Permitted
Liens.  

        D.              Seller
and Buyer agree that Buyer is purchasing only assets from Seller and that           Buyer
shall not be responsible for any of Seller’s business debts or           liabilities
nor for any wages or benefits to Seller’s employees.  

        E.              All
expenses associated with the Marsh Property, including, without limitation,
          expenses for electricity, gas, water, sewer, real property taxes, security
          services and such other items that are customarily prorated in transactions of
          this nature shall be ratably prorated between Buyer and the Seller as of the
          closing date in accordance with local custom.  

        F.              Notwithstanding
anything to the contrary contained in this Agreement, it is           understood and
agreed that the obligations of Seller to consummate and effect           this Agreement
and the transactions contemplated hereby shall be subject to, at           or prior to
closing, Seller having obtained in accordance with applicable law           any requisite
consent, approval, and authorization of the holders of its           securities (“Company
Shareholder Approval”) to consummate the           transactions contemplated by this
Agreement.  

2 

        G.              Notwithstanding
anything to the contrary contained in this Agreement, it is           understood and
agreed that the obligations of Buyer to consummate and effect           this Agreement
and the transactions contemplated hereby shall be subject to, at           or prior to
closing, Buyer’s reasonable satisfaction with the form and           substance of
the Seller Disclosure Schedules (as defined below). Buyer shall           have until 5:00
p.m. (Central Standard time) on the tenth (10th) day following           Buyer’s
receipt of the Seller Disclosure Schedules to provide written           notice to Seller
stating that it is not reasonably satisfied with the form and           substance of the
Seller Disclosure Schedules and setting forth in reasonable           detail the reasons
why it is not reasonably satisfied and the changes to the           Seller Disclosure
Schedules that would be necessary to make Buyer reasonably           satisfied with the
form and substance of the Seller Disclosure Schedules.           Buyer’s failure to
timely provide such notice shall be deemed to constitute           Buyer’s
irrevocable agreement that it accepts the Seller Disclosure           Schedules as
initially provided to Buyer. If Buyer timely provides such notice,           Seller shall
have five (5) business days to revise the Seller Disclosure           Schedules to
Buyer’s reasonable satisfaction. If Company fails to revise           the Seller
Disclosure Schedules within (5) business days of Buyer’s notice           to Buyer’s
reasonable satisfaction (it being understood that Seller shall           not have an
obligation to make any revisions to the Seller Disclosure           Schedules), Buyer may
elect to (i) accept the Seller Disclosure Schedules           provided by Seller (as
modified, if at all, by Seller) and proceed with the           transaction, or (ii) terminate
this Agreement by providing written notice           to Seller. Buyer’s failure to
provide written notice to Seller of its           desire to terminate this Agreement
within five (5) business days after being           informed of Seller’s decision
shall be deemed an election of option (i)           above. If Buyer elects to terminate
this Agreement pursuant to this paragraph,           the parties shall have no further
obligations to one another under this           Agreement.  

ARTICLE IV  

PURCHASE PRICE
ALLOCATION 

Intentionally Omitted. 

ARTICLE V  

TITLE DOCUMENTS 

        Seller
shall furnish and deliver to Buyer for examination within twenty (20) days of the date of
this Agreement a commitment for an owner’s policy of title insurance, in an amount
equal to the Purchase Price, written by a title insurance company licensed by the State of
Wisconsin, showing title as called for by this Agreement. Any objections to the title must
be raised by Buyer in writing within five (5) days from delivery of the title insurance
commitment, following which Seller shall have ten (10) days in which to elect in writing
whether to cure such objections to Buyer’s reasonable satisfaction. In the event
Seller does not elect to cure such objections or affirmatively elects not to cure the
same, Buyer shall, within ten (10) days after the earlier of (a) receipt of Seller’s
written election not to cure such objections or (b) expiration of the period within which
Seller is entitled to make the foregoing election (in either case, the “Seller’s
Election Deadline”), have the option, exercisable by written notice to Seller, either
to (x) terminate this Agreement, or (y) proceed to closing, taking title to the Property
subject to the matters that Seller has elected not to cure. The foregoing election by
Buyer must be delivered to Seller within ten (10) days after Seller’s Election
Deadline. The cost of the title insurance commitment and the title insurance policy issued
with respect thereto, inclusive of full extended coverage (other than the survey
exception), and inclusive of any endorsements issued with respect to title exceptions that
do not constitute Permitted Liens, but exclusive of any Buyer-requested endorsements,
shall be split equally between the Seller and Buyer. Any transfer fees payable in
connection with the conveyances contemplated by this Agreement shall be split equally
between the Seller and Buyer. 

3 

ARTICLE VI  

BROKER’S FEE 

        Each
of the parties hereto covenants and agrees to pay any broker or finder fees or
commissions, if any, payable to any broker, finder, or similar agent retained by it in
connection with this transaction. 

ARTICLE VII  

COVENANTS AND
REPRESENTATIONS OF SELLER 

        A.              Seller
agrees it will continue to maintain adequate fire and hazard insurance           with
customary coverage endorsements consistent with its historic practices on           all
buildings and improvements, including the Personal Property, on the Marsh
          Property until the closing of this transaction.  

        B.              Seller
shall bear the risk of loss of any real or personal property subject to           this
Agreement occurring between the date hereof and the closing date unless           caused
by the negligence or intentional act or omission of Buyer or any of           Buyer’s
agents, employees, or contractors, and shall promptly notify Buyer           that such
damage or destruction has occurred and the estimated extent thereof.           In the
event that any of the buildings, improvements, machinery and equipment           shall be
materially damaged or destroyed by fire or other casualty not caused by
          negligent or intentional act or omission of Buyer or any of Buyer’s
agents,           employees, or contractors and such damage or destruction has a material
adverse           effect upon the normal marsh operations conducted on the Marsh
Property, then           unless Seller corrects, repairs or otherwise rectifies such
damage or           destruction Buyer may (i) within ten (10) days after receipt of
notice of such           damage or destruction terminate this Agreement in writing, or
(ii) require the           consummation of this transaction and, in such case, all
proceeds of insurance           carried by Seller and all of its claims of every kind
arising as a result of           such damage or destruction shall become the property of
the Buyer at the           closing.  

        C.              Seller
represents and warrants that the real estate described on Exhibit A attached
hereto contains approximately _____________ (____) acres of          cranberry
vines.  

4 

        D.              Except
as may be disclosed to Buyer in writing (a “Seller Disclosure           Statement”)
within twenty (20) days of the date of this Agreement, the           Property is not in
violation of any federal, state, or local law, ordinance or           regulation relating
to industrial hygiene or to the environmental conditions on,           under or about the
Property or the improvements, including, but not limited to,           soil and ground
water conditions.  

        E.              Except
as may be disclosed to Buyer in a Seller Disclosure Statement within           twenty
(20) days of the date of this Agreement, Seller warrants it has not           violated
any environmental law now in existence with respect to the Property and
          represents that the Property does not:  

	 	        1.              contain
any facility that is subject to the reporting under Section 312 of the           Federal
Emergency Response and Community Right to Know Act of 1986 (that is,           which
requires the submittal of emergency hazardous chemical inventory forms as           a
facility subject to OSHA Hazardous Communication standard, i.e. to prepare and
          have available material safety data sheet for hazardous chemicals where
          employees may be exposed to such chemicals in their work place); and  

	 	        2.              have
underground storage tanks which require registration with the appropriate
          Wisconsin agency, except to the extent such registration has previously been
          undertaken.  

        F.     Hazardous
Materials. (1) Except as may be disclosed to Buyer in a Seller           Disclosure
Statement within twenty (20) days of the date of this Agreement,           during the
time in which Seller has owned the Marsh Property, neither Seller           nor, to the
best of Seller’s knowledge, any third party has used,           generated,
manufactured, stored, released, or disposed of on, under, or about           the Marsh
Property or transported to or from the Marsh Property any flammable,           explosive,
radioactive materials, hazardous wastes, toxic substances, or related           matters (“Hazardous
Materials”), except in conformity with the           requirements of any and all
applicable laws, rules, regulations and ordinances           regulating or governing the
handling and disposal thereof. For the purpose of           this Article VII, Hazardous
Materials shall include, but not be limited to,           substances such as friable
asbestos or those defined as “hazardous           substances”, “hazardous
materials,” or “toxic           substances” in the Comprehensive
Environmental Response, Compensation and           Liability Act of 1980, as amended, 42
U.S.C. Section 9601, et seq.; the           Hazardous Materials Transportation Act, 42
U.S.C. Section 1801, et seq., the           Resource Conservation and Recovery Act, 42
U.S.C. Section 6901, et seq.; and in           the regulations adopted and publications
promulgated pursuant to said laws and           any amendments thereto. (2) Except as may
be disclosed to Buyer in a Seller           Disclosure Statement within twenty (20) days
of the date of this Agreement, to           the best of Seller’s knowledge, there
are not Hazardous Materials stored,           released, or disposed of (a) on, under, or
about the Marsh Property, except in           conformity with the requirements of any and
all applicable laws, rules,           regulations and ordinances regulating or governing
the handling and disposal           thereof, or (b) on, under, or about adjacent
properties, in such a manner that           their migration to the Marsh Property appears
reasonably likely.  

5 

        G.        Zoning
Laws; Permits. Except as may be disclosed to Buyer in a Seller           Disclosure
Statement within twenty (20) days of the date of this Agreement, to           the best of
the knowledge of Seller, no zoning, building, or similar law or           ordinance is
violated by the maintenance, operation, or use of the Property.           Seller has
received no written notice of any change contemplated in any           applicable laws,
ordinances, or restriction, or any judicial or administrative           action, or any
action by adjacent landowners, or natural or artificial           conditions upon the
Property which would prevent, impede, limit, or render more           costly in any
material way Buyer’s use of the Property consistent with the           historic
usage thereof. To the best of the knowledge of Seller, all approvals           and
permits necessary for the operation of the Property consistent with the
          historic usage thereof have been obtained, are in full force and effect, and
are           transferable to Buyer without consent or approval of any third party or
          governmental entity, and Seller will transfer and assign all such permits to
          Buyer at the closing.  

        H.       Water
Rights. At present and, to the best of Seller’s knowledge, as           of the
date of closing, the quality, quantity, adequacy, availability,           reliability,
and transferability of surface and well water or water rights for           the Marsh
Property or the eligibility of the Marsh Property or the Buyer to           receive and
manipulate water from sources historically serving the Marsh           Property is
permitted and sufficient to meet the current farm operation of           Seller.  

        I.     Eminent
Domain. There are no condemnation or eminent domain proceedings           pending or,
to the best of Seller’s knowledge, contemplated against the           Property or
any part thereof, and Seller has received no written notice of the           desire of
any public authority or other entity to take or use the Property or           any part
thereof.  

        J.       Lawsuits.
There are no pending suits or proceedings against or affecting           Seller or any
part of the Property which (1) do or would adversely affect title           to the
Property or any part thereof, or (2) do or would prohibit or make           unlawful the
consummation of the transactions contemplated by this Agreement, or           render
Seller unable to consummate the same.  

        K.       Leases.
There will be no leases or use occupancy agreements for the           Property or any
part thereof which will survive the closing, unless accepted by           Buyer.  

        L.      Service
Contracts. There will be no service contracts or signed contracts           or use
agreements benefiting the Property which will survive the closing, unless
          accepted by Buyer.  

        M.        Equipment.
All equipment and Personal Property described in Exhibit           B is owned by
Seller and will be conveyed to Buyer by bill of sale at the           closing.  

        N.        Authority.
The party executing this Agreement on behalf of Seller has           full right, title,
and authority to so execute this Agreement. Any and all           documents required to
consummate the transactions contemplated herein will be           duly authorized and
executed on behalf of Seller.  

        O.      Mechanic’s
Lien. Seller covenants that any work to be done on the           Marsh Property prior
to closing that could later result in a mechanic’s           lien will be paid in
full prior to closing.  

6 

        Seller
hereby agrees to indemnify and hold harmless Buyer against any and all liability,
including reasonable attorneys’ fees, resulting from a breach of any of the
representations and warranties appearing in this Agreement, provided, however, that
(i) Buyer shall not be entitled to indemnification for breach of a representation or
warranty unless the aggregate of the Seller’s indemnification obligations to Buyer
under this Agreement exceed an amount equal to one and one-half percent (1.5%) of the
Purchase Price, but in such event the Buyer shall be entitled to indemnification only to
the extent such indemnification obligations exceed an amount equal to one and one-half
percent (1.5%) of the Purchase Price for all breaches of representations and/or warranties
hereunder, (ii) Seller’s indemnification obligation hereunder, and its liability for
breach of any representations or warranties contained in this Agreement, shall in no event
be greater than an amount equal to the Purchase Price, and (iii) in the event
Seller’s indemnification obligations to Buyer exceed an amount equal to twenty-five
percent (25%) of the Purchase Price, Seller shall have the right and option, but not the
obligation, to reacquire the Property at a purchase price equal to the Purchase Price,
less an amount equal to any payments previously made by Seller to Buyer pursuant to the
provisions of this paragraph, and upon terms and conditions substantially in accordance
with the terms of this Agreement, which reacquisition by Seller will constitute
Buyer’s sole right to receive any payment or other financial accommodation from
Seller under such circumstances (collectively, the “Indemnity Limitations”). 

        All
of the representations and warranties set forth herein shall survive the closing of this
transaction and continue for a period one year following the date of closing, all such
representations and warranties, and Seller’s right to make claims or to seek
indemnification with respect to breaches thereof, expiring at 11:59 p.m. on the day prior
to the one-year anniversary of the date of closing. 

        Prior
to the conveyance of the Property, Buyer shall not, by entering into this Agreement or
otherwise, acquire or assume any liability in respect to the Property; and Seller hereby
indemnifies and agrees to hold Buyer harmless from any such liability, subject to the
Indemnity Limitations. 

        Notwithstanding
anything in this Agreement to the contrary, if Seller provides Buyer with so-called
“buyers insurance” reasonably acceptable to Buyer that, in the reasonable
discretion of Buyer, provides Buyer with protection covering the Seller’s indemnity
obligations with respect to breaches of the Seller’s representations and warranties
substantially the same as the protection provided to Buyer hereunder, the parties hereto
agree to amend this Agreement such that the Buyer shall not be entitled to any
indemnification of any kind as a result of the Seller’s breach of its representations
and warranties contained herein, and all representations and warranties of the Seller in
this Agreement or in any other agreement or instrument contemplated hereby shall be deemed
to have terminated as of the closing. 

        P.    Operate
in the Ordinary Course. From the date hereof until the closing           date, Seller
shall use its commercially reasonable efforts to operate, in all           material
respects, the Marsh Property in the ordinary course of business and
          substantially in the same manner as previously conducted.  

7 

ARTICLE VIII  

DISPOSITION OF EARNEST
MONEY DEPOSIT 

Intentionally Omitted. 

ARTICLE IX  

MISCELLANEOUS
AGREEMENTS 

        A.              This
Agreement shall be binding upon and inure to the benefit of the parties           hereto
and their respective successors and assigns.  

        B.              Each
party agrees to do all things and take all actions, execute and deliver all
          such other documents and instruments which shall be reasonably requested to
          carry out the provisions of this Agreement. Execution of documents in duplicate
          or by facsimile signature shall be the same as execution of the original
          documents.  

        C.              Any
notices hereunder shall be in writing and shall be given by registered or
          certified mail, facsimile message, or Federal Express or other nationally
          recognized overnight delivery service. Any notice shall be deemed given upon
the           earlier of the date when received at, or the fifth day after the date when
sent           by registered or certified mail or the day after the date when sent by
Federal           Express or facsimile to, the address or facsimile number set forth
below, unless           such address or facsimile number is changed by written notice to
the other           parties in accordance with this Agreement:  

	 	                  Seller: 	Northland
Cranberries, Inc.                            
2930 Industrial Street
                           
Wisconsin Rapids, WI  54495-3237
                           
Attention:  John Swendrowski
                           
Facsimile:  (715) 422-6844 

	 	
With
a copy to: 

	 	
Kirkland
& Ellis LLP                            
200 East Randolph Drive
                           
Chicago, IL  60601                            
Attn:    Douglas
C. Gessner                            
Facsimile:  (312) 861-2200 

	 	                  Buyer: 	___________________________________
                           
___________________________________
                           
___________________________________ 

        D.              Each
party to this Agreement shall pay its own costs and expenses relating to           the
transaction including, but not limited to, all attorneys’ fees.  

8 

        E.              This
Agreement is made under and shall be construed in accordance with the laws           of
the State of Wisconsin without regard to principles of conflicts of law. EACH
          OF THE PARTIES HERETO IRREVOCABLY WAIVES ALL RIGHT TO A TRIAL BY JURY IN ANY
          SUIT, ACTION OR OTHER PROCEEDING INSTITUTED BY OR AGAINST SUCH PARTY IN RESPECT
          OF ITS, HIS OR HER OBLIGATIONS HEREUNDER OR THE TRANSACTIONS CONTEMPLATED
          HEREBY.  

        F.              This
Agreement and the rights assigned to the Buyer under the assignment of the
          Option Agreement, if it was assigned to Buyer, and if the Option Agreement was
          not assigned, the Option Agreement, represent the entire Agreement of the
          parties with respect to the property subject hereto, any and all agreements
          entered into prior hereto are revoked and superseded by this Agreement, and no
          representations, warranties, inducements or other agreements have been made by
          any of the parties except as expressly set forth herein. This Agreement may not
          be changed, modified or rescinded except in writing signed by the parties
hereto           and any attempt at oral modification of this Agreement shall be void and
have no           effect.  

        G.              No
Representations. BUYER SPECIFICALLY ACKNOWLEDGES AND AGREES THAT           1. EXCEPT
AS EXPRESSLY SET FORTH HEREIN, SELLER IS TRANSFERRING THE           PURCHASED ASSETS
“AS IS, WHERE IS AND WITH ALL FAULTS” AND 2. EXCEPT           FOR THE
REPRESENTATIONS AND WARRANTIES OF SELLER EXPRESSLY SET FORTH HEREIN           NEITHER
SELLER NOR ANY OTHER PERSON IS MAKING, AND BUYER IS NOT RELYING ON, ANY
          REPRESENTATIONS OR WARRANTIES OF ANY KIND WHATSOEVER, WHETHER ORAL OR WRITTEN,
          EXPRESS OR IMPLIED, STATUTORY OR OTHERWISE, AS TO ANY MATTER CONCERNING ANY OF
          THE MARSH PROPERTY OR PERSONAL PROPERTY OR THE TRANSACTIONS CONTEMPLATED
HEREBY,           OR THE ACCURACY OR COMPLETENESS OF ANY INFORMATION PROVIDED TO BUYER BY
SELLER           OR ANY OTHER PERSON OR OTHERWISE OBTAINED BY BUYER CONCERNING ANY OF THE
MARSH           PROPERTY OR PERSONAL PROPERTY OR THE TRANSACTIONS CONTEMPLATED HEREBY.  

        IN
WITNESS WHEREOF, the parties have executed this Agreement the day and year first above
written. 

		BUYER:
		______________________________________
		______________________________________
	

 	By:____________________________________
		Name:__________________________________
		Title:___________________________________
	

 	SELLER:
		NORTHLAND CRANBERRIES, INC.,
		a Wisconsin corporation
	

 	By:____________________________________
		Name:__________________________________
		Title:___________________________________

9 

Exhibit A 

Marsh Property
Description 

Exhibit B 

Personal PropertyExhibit 10.1

                           LASALLE HOTEL PROPERTIES

                     1998 SHARE OPTION AND INCENTIVE PLAN

                       As Amended Through March 29, 2005

         1. Purpose. The purpose of this Plan is to attract and retain
qualified key employees of, and consultants and other service providers to,
LaSalle Hotel Properties (the "Company") and its Subsidiaries (if any), to
provide such persons with appropriate incentives, and to provide an interest
in the Company to certain members of the Board. The Company has adopted the
Plan effective as of April 22, 1998 and approved by the Company's
shareholders, and unless extended by amendment in accordance with the terms of
the Plan, no Option Rights, Appreciation Rights or Restricted Shares will be
granted hereunder after the tenth anniversary of such effective date.

         2. Definitions. As used in this Plan,

                  "Appreciation Right" means a right granted pursuant to
Section 5 of this Plan, including a Free-standing Appreciation Right and a
Tandem Appreciation Right.

                  "Base Price" means the price to be used as the basis for
determining the Spread upon the exercise of a Free-standing Appreciation
Right.

                  "Board" means the Board of Trustees of the Company.

                  "Code" means the Internal Revenue Code of 1986, as amended
from time to time.

                  "Committee" means the Compensation Committee of the Board of
Trustees, as described in Section 12(a) of this Plan, or, in the absence of a
Compensation Committee, the full Board.

                  "Common Shares" means (i) Common Shares of Beneficial
Interest, par value $.01 per share, of the Company and (ii) any security into
which Common Shares may be converted by reason of any transaction or event of
the type referred to in Section 8 of this Plan.

                  "Date of Grant" means the date specified by the Committee on
which a grant of Option Rights or Appreciation Rights or a grant or sale of
Restricted Shares shall become effective, which shall not be earlier than the
date on which the Committee takes action with respect thereto.

                  "Free-standing Appreciation Right" means an Appreciation
Right granted pursuant to Section 5 of this Plan that is not granted in tandem
with an Option Right or similar right.

                  "Incentive Stock Option" means an Option Right that is
intended to qualify as an "incentive stock option" under Section 422 of the
Code or any successor provision thereto.

<PAGE>

                  "Market Value per Share" means the fair market value of the
Common Shares as determined by the Committee from time to time.

                  "Nonqualified Option" means an Option Right that is not
intended to qualify as a Tax-qualified Option.

                  "Optionee" means the person so designated in an agreement
evidencing an outstanding Option Right.

                  "Option Price" means the purchase price payable upon the
exercise of an Option Right.

                  "Option Right" means the right to purchase Common Shares
from the Company upon the exercise of a Nonqualified Option or a Tax-qualified
Option granted pursuant to Section 4 of this Plan.

                  "Participant" means a person who is selected by the
Committee (or its delegate) to receive benefits under this Plan and (i) is at
that time a key employee of, or consultant or service provider to, the Company
or any Subsidiary, or (ii) has agreed to commence serving in any such
capacity.

                  "Reload Option Rights" means additional Option Rights
automatically granted to an Optionee upon the exercise of Option Rights
pursuant to Section 4(f) of this Plan.

                  "Restricted Shares" means Common Shares granted or sold
pursuant to Section 6 of this Plan as to which neither the substantial risk of
forfeiture nor the restrictions on transfer referred to in Section 6 hereof
has expired.

                  "Rule 16b-3" means Rule 16b-3, as promulgated and amended
from time to time by the Securities and Exchange Commission under the
Securities Exchange Act of 1934, or any successor rule to the same effect.

                  "Spread" means, in the case of a Free-standing Appreciation
Right, the amount by which the Market Value per Share on the date when the
Appreciation Right is exercised exceeds the Base Price specified therein or,
in the case of a Tandem Appreciation Right, the amount by which the Market
Value per Share on the date when the Appreciation Right is exercised exceeds
the Option Price specified in the related Option Right.

                  "Subsidiary" means a corporation, partnership, limited
liability company, joint venture, unincorporated association or other entity
in which the Company has a direct or indirect ownership or other equity
interest; provided, however, that for purposes of determining whether any
person may be a Participant for purposes of any grant of Incentive Stock
Options, "Subsidiary" means any corporation, partnership, limited liability
company, joint venture, unincorporated association or other entity in which
the Company owns or controls directly or indirectly more than 50% of the total
combined voting power represented by all classes of stock issued by such

                                      2

<PAGE>

corporation, partnership, limited liability company, joint venture,
unincorporated association or other entity at the time of the grant.

                  "Tandem Appreciation Right" means an Appreciation Right
granted pursuant to Section 5 of this Plan that is granted in tandem with an
Option Right or any similar right granted under any other plan of the Company.

                  "Tax-qualified Option" means an Option Right that is
intended to qualify under particular provisions of the Code, including without
limitation an Incentive Stock Option.

         3. Shares Available under the Plan.

                  (a) Subject to adjustment as provided in Section 8 of this
Plan, the number of Common Shares which may be (i) issued or transferred upon
the exercise of Option Rights or Appreciation Rights, or (ii) awarded as
Restricted Shares and released from substantial risk of forfeiture thereof,
shall not in the aggregate exceed 1.9 million Common Shares, which may be
Common Shares of original issuance or Common Shares held in treasury or a
combination thereof. For the purposes of this Section 3(a):

                           (i) Upon payment in cash of the benefit provided by
         any award granted under this Plan, any Common Shares that were
         covered by that award shall again be available for issuance or
         transfer hereunder.

                           (ii) Upon the full or partial payment of any Option
         Price by the transfer to the Company of Common Shares or upon
         satisfaction of tax withholding obligations in connection with any
         such exercise or any other payment made or benefit realized under
         this Plan by the transfer or relinquishment of Common Shares, there
         shall be deemed to have been issued or transferred under this Plan
         only the net number of Common Shares actually issued or transferred
         by the Company less the number of Common Shares so transferred or
         relinquished.

                  (b) Notwithstanding anything in Section 3(a) hereof, or
elsewhere in this Plan, to the contrary, the aggregate number of Common Shares
actually issued or transferred by the Company upon the exercise of Incentive
Stock Options shall not exceed the total number of Common Shares first
specified in Section 3(a) hereof.

                  (c) Notwithstanding any other provision of this Plan to the
contrary, no Participant shall be granted Option Rights and Appreciation
Rights, in the aggregate, for more than 500,000 Common Shares during any
calendar year, subject to adjustment as provided in Section 8 of this Plan.

                  (d) Notwithstanding any other provision of this Plan to the
contrary, no Participant shall be granted Restricted Shares for more than
500,000 Common Shares during any calendar year, subject to adjustment as
provided in Section 8 of this Plan.

                                      3

<PAGE>

         4. Option Rights. The Committee may from time to time authorize
grants to Participants of options to purchase Common Shares upon such terms
and conditions as the Committee may determine in accordance with the following
provisions:

                  (a) Each grant shall specify the number of Common Shares to
which it pertains.

                  (b) Each grant shall specify an Option Price per Common
Share, which may not be less than the Market Value per Share on the Date of
Grant.

                  (c) Each grant shall specify the form of consideration to be
paid in satisfaction of the Option Price and the manner of payment of such
consideration, which may include (i) cash in the form of currency or check or
other cash equivalent acceptable to the Company, (ii) nonforfeitable,
unrestricted Common Shares, which are already owned by the Optionee, (iii) any
other legal consideration that the Committee may deem appropriate, including
without limitation any form of consideration authorized under Section 4(d)
below, on such basis as the Committee may determine in accordance with this
Plan and (iv) any combination of the foregoing.

                  (d) Any grant of a Nonqualified Option may provide that
payment of the Option Price may also be made in whole or in part in the form
of Restricted Shares or other Common Shares that are subject to risk of
forfeiture or restrictions on transfer. Unless otherwise determined by the
Committee on or after the Date of Grant, whenever any Option Price is paid in
whole or in part by means of any of the forms of consideration specified in
this Section 4(d), the Common Shares received by the Optionee upon the
exercise of the Nonqualified Option shall be subject to the same risks of
forfeiture or restrictions on transfer as those that applied to the
consideration surrendered by the Optionee; provided, however, that such risks
of forfeiture and restrictions on transfer shall apply only to the same number
of Common Shares received by the Optionee as applied to the forfeitable or
restricted Common Shares surrendered by the Optionee.

                  (e) Any grant may, if there is then a public market for the
Common Shares, provide for deferred payment of the Option Price from the
proceeds of sale through a broker of some or all of the Common Shares to which
the exercise relates.

                  (f) Any grant may provide for the automatic grant to the
Optionee of Reload Option Rights upon the exercise of Option Rights, including
Reload Option Rights, for Common Shares or any other noncash consideration
authorized under Sections 4(c) and (d) above; provided, however, that the term
of any Reload Option Right shall not extend beyond the term of the Option
Right originally exercised.

                  (g) Successive grants may be made to the same Optionee
regardless of whether any Option Rights previously granted to the Optionee
remain unexercised.

                  (h) Each grant shall specify the period or periods of
continuous employment of, or continuous performance of services by, the
Optionee that are necessary before the Option Rights or installments thereof
shall become exercisable, and any grant may provide for the earlier exercise

                                      4

<PAGE>

of the Option Rights in the event of a change in control of the Company or
other similar transaction or event.

                  (i) Option Rights granted pursuant to this Section 4 may be
Nonqualified Options or Tax-qualified Options or combinations thereof.

                  (j) Any grant of an Option Right may provide for the payment
to the Optionee of dividend equivalents thereon in cash or Common Shares on a
current, deferred or contingent basis, or the Committee may provide that any
dividend equivalents shall be credited against the Option Price.

                  (k) No Option Right granted pursuant to this Section 4 may
be exercised more than 10 years from the Date of Grant.

                  (l) Each grant shall be evidenced by an agreement, which
shall be executed on behalf of the Company by any officer thereof and
delivered to and accepted by the Optionee and shall contain such terms and
provisions as the Committee may determine consistent with this Plan.

         5. Appreciation Rights. The Committee may also authorize grants to
Participants of Appreciation Rights. An Appreciation Right shall be a right of
the Participant to receive from the Company an amount, which shall be
determined by the Committee and shall be expressed as a percentage (not
exceeding 100%) of the Spread at the time of the exercise of an Appreciation
Right. Any grant of Appreciation Rights under this Plan shall be upon such
terms and conditions as the Committee may determine in accordance with the
following provisions:

                  (a) Any grant shall specify that the amount payable upon the
exercise of an Appreciation Right must be paid by the Company in Common Shares
only.

                  (b) Any grant may specify that the amount payable upon the
exercise of an Appreciation Right shall not exceed a maximum specified by the
Committee on the Date of Grant.

                  (c) Any grant may specify (i) a waiting period or periods
before Appreciation Rights shall become exercisable and (ii) permissible dates
or periods on or during which Appreciation Rights shall be exercisable.

                  (d) Any grant may specify that an Appreciation Right may be
exercised only in the event of a change in control of the Company or other
similar transaction or event.

                  (e) Any grant may provide for the payment to the Participant
of dividend equivalents thereon in cash or Common Shares on a current,
deferred or contingent basis.

                  (f) Each grant shall be evidenced by an agreement, which
shall be executed on behalf of the Company by any officer thereof and
delivered to and accepted by the Optionee and shall describe the subject
Appreciation Rights, identify any related Option Rights, state that the

                                      5

<PAGE>

Appreciation Rights are subject to all of the terms and conditions of this
Plan and contain such other terms and provisions as the Committee may
determine consistent with this Plan.

                  (g) Regarding Tandem Appreciation Rights only: Each grant
shall provide that a Tandem Appreciation Right may be exercised only (i) at a
time when the related Option Right (or any similar right granted under any
other plan of the Company) is also exercisable and the Spread is positive and
(ii) by surrender of the related Option Right (or such other right) for
cancellation.

                  (h) Regarding Free-standing Appreciation Rights only:

                           (i) Each grant shall specify in respect of each
         Free-standing Appreciation Right a Base Price per Common Share, which
         shall be equal to or greater than the Market Value per Share on the
         Date of Grant;

                           (ii) Successive grants may be made to the same
         Participant regardless of whether any Free-standing Appreciation
         Rights previously granted to the Participant remain unexercised;

                           (iii) Each grant shall specify the period or
         periods of continuous employment of, or continuous performance of
         services by, the Participant that are necessary before the
         Free-standing Appreciation Rights or installments thereof shall
         become exercisable; and any grant may provide for the earlier
         exercise of the Free-standing Appreciation Rights in the event of a
         change in control of the Company or other similar transaction or
         event; and

                           (iv) No Free-standing Appreciation Right granted
         under this Plan may be exercised more than 10 years from the Date of
         Grant.

         6. Restricted Shares. The Committee may also authorize grants or
sales to Participants of Restricted Shares upon such terms and conditions as
the Committee may determine in accordance with the following provisions:

                  (a) Each grant or sale shall constitute an immediate
transfer of the ownership of Common Shares to the Participant in consideration
of the performance of services, entitling such Participant to dividend, voting
and other ownership rights, subject to the substantial risk of forfeiture and
restrictions on transfer hereinafter referred to.

                  (b) Each grant or sale may be made without additional
consideration from the Participant or in consideration of a payment by the
Participant that is less than the Market Value per Share on the Date of Grant.

                  (c) Each grant or sale shall provide that the Restricted
Shares covered thereby shall be subject to a "substantial risk of forfeiture"
within the meaning of Section 83 of the Code for a period to be determined by
the Committee on the Date of Grant, and any grant or sale may

                                      6

<PAGE>

provide for the earlier termination of such period in the event of a change in
control of the Company or other similar transaction or event.

                  (d) Each grant or sale shall provide that, during the period
for which such substantial risk of forfeiture is to continue, the
transferability of the Restricted Shares shall be prohibited or restricted in
the manner and to the extent prescribed by the Committee on the Date of Grant.
Such restrictions may include without limitation rights of repurchase or first
refusal in the Company or provisions subjecting the Restricted Shares to a
continuing substantial risk of forfeiture in the hands of any transferee.

                  (e) Any grant or sale may require that any or all dividends
or other distributions paid on the Restricted Shares during the period of such
restrictions be automatically sequestered and reinvested on an immediate or
deferred basis in additional Common Shares, which may be subject to the same
restrictions as the underlying award or such other restrictions as the
Committee may determine.

                  (f) Each grant or sale shall be evidenced by an agreement,
which shall be executed on behalf of the Company by an officer thereof and
delivered to and accepted by the Participant and shall contain such terms and
provisions as the Committee may determine consistent with this Plan. Unless
otherwise directed by the Committee, all certificates representing Restricted
Shares, together with a stock power that shall be endorsed in blank by the
Participant with respect to the Restricted Shares, shall be held in custody by
the Company until all restrictions thereon lapse.

         7.       Transferability.

                  (a) No Option Right, Appreciation Right or other derivative
security (as that term is used in Rule 16b-3) granted under this Plan may be
transferred by a Participant except by will or the laws of descent and
distribution. Option Rights and Appreciation Rights granted under this Plan
may not be exercised during a Participant's lifetime except by the Participant
or, in the event of the Participant's legal incapacity, by his guardian or
legal representative acting in a fiduciary capacity on behalf of the
Participant under state law and court supervision. Notwithstanding the
foregoing, the Committee, in its sole discretion, may provide for the
transferability of particular awards under this Plan so long as such
provisions will not disqualify the exemption for other awards under Rule
16b-3, if such Rule is then applicable to awards under the Plan.

                  (b) Any grant made under this Plan may provide that all or
any part of the Common Shares that are to be issued or transferred by the
Company upon the exercise of Option Rights or Appreciation Rights, or are no
longer subject to the substantial risk of forfeiture and restrictions on
transfer referred to in Section 6 of this Plan, shall be subject to further
restrictions upon transfer.

         8.       Adjustments.

                                      7

<PAGE>

                  (a) The Committee may make or provide for such adjustments
in the number of Common Shares covered by outstanding Option Rights,
Appreciation Rights and Restricted Shares granted hereunder, the Option Prices
per Common Share or Base Prices per Common Share applicable to any such Option
Rights and Appreciation Rights, and the kind of shares (including shares of
another issuer) covered thereby, as the Committee may in good faith determine
to be equitably required in order to prevent dilution or expansion of the
rights of Participants that otherwise would result from (i) any stock
dividend, stock split, combination of shares, recapitalization or similar
change in the capital structure of the Company or (ii) any merger,
consolidation, spin-off, spin-out, split-off, split-up, reorganization,
partial or complete liquidation or other distribution of assets, issuance of
warrants or other rights to purchase securities or any other corporate
transaction or event having an effect similar to any of the foregoing. In the
event of any such transaction or event, the Committee may provide in
substitution for any or all outstanding awards under this Plan such
alternative consideration as it may in good faith determine to be equitable
under the circumstances and may require in connection therewith the surrender
of all awards so replaced. Moreover, the Committee may on or after the Date of
Grant provide in the agreement evidencing any award under this Plan that the
holder of the award may elect to receive an equivalent award in respect of
securities of the surviving entity of any merger, consolidation or other
transaction or event having a similar effect, or the Committee may provide
that the holder will automatically be entitled to receive such an equivalent
award. The Committee may also make or provide for such adjustments in the
maximum numbers of Common Shares specified in Section 3 of this Plan as the
Committee may in good faith determine to be appropriate in order to reflect
any transaction or event described in this Section 8.

                  (b) If another corporation is merged into the Company or the
Company otherwise acquires another corporation, the Committee may elect to
assume under this Plan any or all outstanding stock options or other awards
granted by such corporation under any stock option or other plan adopted by it
prior to such acquisition. Such assumptions shall be on such terms and
conditions as the Committee may determine; provided, however, that the awards
as so assumed do not contain any terms, conditions or rights that are
inconsistent with the terms of this Plan. Unless otherwise determined by the
Committee, such awards shall not be taken into account for purposes of the
limitations contained in Section 3 of this Plan.

         9. Fractional Shares. The Company shall not be required to issue any
fractional Common Shares pursuant to this Plan. The Committee may provide for
the elimination of fractional Common Shares or for the settlement thereof in
cash.

         10. Withholding Taxes. To the extent that the Company or any
Subsidiary is required to withhold federal, state, local or foreign taxes in
connection with any payment made or benefit realized by a Participant or other
person under this Plan, and the amounts available to the Company or such
Subsidiary for the withholding are insufficient, it shall be a condition to
the receipt of any such payment or the realization of any such benefit that
the Participant or such other person make arrangements satisfactory to the
Company or such Subsidiary for payment of the balance of any taxes required to
be withheld. At the discretion of the Committee, any such arrangements may
without limitation include voluntary or mandatory relinquishment of a portion
of any such payment

                                      8

<PAGE>

or benefit or the surrender of outstanding Common Shares. The Company or such
Subsidiary and any Participant or such other person may also make similar
arrangements with respect to the payment of any taxes with respect to which
withholding is not required.

         11. Certain Terminations of Employment or Service, Hardship, and
Approved Leaves of Absence. Notwithstanding any other provision of this Plan
to the contrary, in the event of the termination of employment or service by
reason of death, disability or retirement, termination of employment or
service to enter public or military service with the consent of the Company or
any Subsidiary, or leave of absence approved by the Company or such
Subsidiary, or in the event of the hardship or other special circumstances, of
a Participant who holds an Option Right or Appreciation Right that is not
immediately and fully exercisable, or any Restricted Shares as to which the
substantial risk of forfeiture or the prohibition or restriction on transfer
has not lapsed, the Committee may take any action that it deems to be
equitable under the circumstances or in the best interests of the Company or
such Subsidiary, including without limitation waiving or modifying any
limitation or requirement with respect to any award under this Plan.

         12. Administration of the Plan.

                  (a) This Plan shall be administered by the Committee which
shall be composed of not less than two members of the Board, or, in the
absence of the Committee, by the full Board. At any time that awards under the
Plan are subject to Rule 16b-3, each member of the Committee shall be a
"non-employee director" within the meaning of Rule 16b-3. In addition, at any
time that the Company is subject to Section 162(m) of the Code, each member of
the Committee shall be an "outside director" within the meaning of Section
162(m) of the Code. A majority of the Committee shall constitute a quorum, and
the acts of the members of the Committee who are present at any meeting
thereof at which a quorum is present, or acts unanimously approved by the
members of the Committee in writing, shall be the acts of the Committee.

                  (b) The interpretation and construction by the Committee of
any provision of this Plan or any agreement, notification or document
evidencing the grant of Option Rights, Appreciation Rights or Restricted
Shares, and any determination by the Committee pursuant to any provision of
this Plan or any such agreement, notification or document, shall be final and
conclusive. No member of the Committee shall be liable for any such action
taken or determination made in good faith.

         13.      Amendments and Other Matters.

                  (a) This Plan may be amended from time to time by the
Committee; provided, however, that except as expressly authorized by this
Plan, no such amendment shall cause this Plan to cease to satisfy any
applicable condition of Rule 16b-3 or cause any award under the Plan to cease
to qualify for any applicable exception to Section 162(m) of the Code, without
the further approval of the stockholders of the Company.

                                      9

<PAGE>

                  (b) With the concurrence of the affected Participant, the
Committee may cancel any agreement evidencing Option Rights or any other award
granted under this Plan. In the event of any such cancellation, the Committee
may authorize the granting of new Option Rights or other awards hereunder,
which may or may not cover the same number of Common Shares as had been
covered by the cancelled Option Rights or other award, at such Option Price,
in such manner and subject to such other terms, conditions and discretion as
would have been permitted under this Plan had the cancelled Option Rights or
other award not been granted.

                  (c) The Committee may condition the grant of any award or
combination of awards authorized under this Plan on the surrender or deferral
by the Participant of his or her right to receive a cash bonus or other
compensation otherwise payable by the Company, any Subsidiary or any Advisor
to the Participant.

                  (d) This Plan shall not confer upon any Participant any
right with respect to continuance of employment or other service with the
Company or any Subsidiary and shall not interfere in any way with any right
that the Company or such Subsidiary would otherwise have to terminate any
Participant's employment or other service at any time.

                  (e) To the extent that any provision of this Plan would
prevent any Option Right that was intended to qualify as a Tax-qualified
Option from so qualifying, any such provision shall be null and void with
respect to any such Option Right; provided, however, that any such provision
shall remain in effect with respect to other Option Rights, and there shall be
no further effect on any provision of this Plan.

                  (f) Any award that may be made pursuant to an amendment to
this Plan that shall have been adopted without the approval of the
stockholders of the Company shall be null and void if it is subsequently
determined that such approval was required under the terms of the Plan or
applicable law.

                  (g) Unless otherwise determined by the Committee, this Plan
is intended to comply with Rule 16b-3 at all times that awards hereunder are
subject to such Rule.

                  (h) Notwithstanding any provision of the Plan to the
contrary, no amendment may be made to an award of Option Rights to adjust the
Option Price per Common Share, unless such adjustment occurs pursuant to the
adjustment provisions of Section 8, and no award of Option Rights may be
cancelled and re-granted to effect a re-pricing.

                                      10

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