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Exhibit 10.2  

 
 

LIGHTSPACE CORPORATION
  
    AMENDED AND RESTATED
  
    SECURITYHOLDER DEBT
  
    AND EQUITY CONVERSION AND EXCHANGE AGREEMENT    
    

        This AMENDED AND RESTATED SECURITYHOLDER DEBT AND EQUITY CONVERSION AND EXCHANGE AGREEMENT (this "Agreement") is
dated as of February 9, 2006 (the "Effective Date"), by and between Lightspace Corporation, a Delaware corporation, (the
"Company") and each of the undersigned persons to this Agreement (each a "Securityholder" and
collectively, the "Securityholders"). This Agreement supersedes in its entirety that certain Stockholder Debt Cancellation and Equity Conversion
Agreement entered into between the Company and the Securityholders prior to the date hereof (the "Original Agreement"). 

        WHEREAS,
each Securityholder, has, in the past, from time to time, (a) acquired such equity rights in the Company (if any), in the form of common stock, preferred stock, and / or
options or warrants to acquire such common and / or preferred stock, as set forth on Exhibit A attached hereto (collectively, the
"Equity Instruments") next to the name of such Securityholder. Such Securityholder's rights under the Equity Instruments (if any) are collectively
referred to as the "Securityholder's Equity Rights"; and (b) loaned money to the Company in accordance with one or more notes or other instruments of debt as set forth on  Exhibit A attached
hereto next to the name of such Securityholder (collectively, the "Debt
Instruments"), which Debt Instruments remain outstanding as of the date hereof. The Securityholder's rights under such Debt Instruments, including without limitation rights to
interest, and rights to expenses or default, are collectively referred to as the "Securityholder's Credit Rights"; and 

        WHEREAS,
the Company has entered into negotiations with third parties, not currently stockholders of the Company, that contemplate one or a series of transactions in which the Company
will obtain an infusion of capital from such third parties (the "New Investors"); and 

        WHEREAS,
the New Investors have required, as a condition to entering into such transactions that the Company restructure and simplify its equity structure and eliminate its debt to its
existing investors; and 

        WHEREAS,
the Company's Board of Directors has determined that it will be beneficial for the Company and for the Company's stockholders and investors to enter into such transactions with
the New Investors; and 

        WHEREAS,
each Securityholder has agreed to cooperate with the Company to satisfy the conditions being imposed upon the Company by the New Investors; and 

        WHEREAS,
each Securityholder has agreed to exchange its Equity Instruments and Debt Instruments, to restructure the Securityholder's Equity Rights and to cancel its Securityholder's
Credit Rights, as the case may, as set forth herein; 

        NOW,
THEREFORE, in consideration of the mutual covenants and agreements set forth herein, and for other good and valuable consideration, the receipt and sufficiency of which are hereby
acknowledged, the parties hereto hereby agree as follows: 

 
 

SECTION 1. STOCK EXCHANGE    
    

        1.1.    Renunciation of the Securityholder's Credit Rights.    In exchange for the issuance to the Securityholder of
the Exchange Securities, as set forth below in Section 1.3. hereof, the Securityholder (to the extent such Securityholder has Credit Rights)
hereby agrees that, subject to the satisfaction of the conditions of Section 4.1 hereof: (i) all of the Debt Instruments are hereby cancelled in their entirety, and the Company is hereby
released from any and all of its obligations and liabilities accruing 

 

at
any time under such Debt Instruments and from any and all claims, including claims for any default, that Securityholder may have with respect thereto; (ii) the Securityholder hereby
irrevocably renounces and waives any and all of the Securityholder's Credit Rights and hereby releases the Company from any and all further obligations and liabilities the Company may have with
respect to such Credit Rights and any and all claims, including any claims arising from any default under the Debt Instruments, that Securityholder may have with respect thereto. The Securityholder
agrees that it is the intention of this Section 1.1. to extinguish any and all obligations and liabilities of the Company, and of any guarantor or endorser thereof, pursuant to the terms of the
cancelled Debt Instruments and any and all claims that may arise with respect thereto. In the event that a Securityholder has lost any instrument evidencing Credit Rights, or in the event such
instrument has been mutilated or destroyed, such Securityholder agrees to deliver herewith to the Company an affidavit of loss, in a form reasonably acceptable to the Company, certifying the same to
the Company and agreeing to indemnify the Company for any losses incurred due to such loss, mutilation or destruction. 

        1.2.    Exchange of Equity Rights.    In exchange for the issuance to the Securityholder of the Exchange Securities,
as set forth below in Section 1.3. hereof, the Securityholder hereby agrees to, subject to the satisfaction of the conditions of
Section 4.1 hereof, irrevocably transfer and assign to the Company all existing Equity Instruments held by the Securityholder as of the date hereof, as well as all of the Securityholder's
Equity Rights therein. The Securityholder agrees to deliver herewith to the Company the certificate or certificates evidencing such Securityholder's Equity Instruments, duly endorsed in blank or
accompanied by duly executed stock powers for transfer, free and clear of any and all claims. In the event that a Securityholder has lost any certificate evidencing Equity Rights, or in the event such
certificate has been mutilated or destroyed, such Securityholder agrees to deliver herewith to the Company an affidavit of loss, in a form reasonably acceptable to the Company, certifying the same to
the Company and agreeing to indemnify the Company for any losses incurred due to such loss, mutilation or destruction. 

        1.3.    Issuance of Exchange Securities.    Subject to Sections 1.1., 1.2.,  and 4.1.
of this Agreement, immediately following receipt by the Company of the Securityholder's Equity Instruments
(and/or affidavits of loss in respect thereof, if applicable), and upon receipt of the Company of this Agreement fully executed by the Securityholder, the Company shall issue to the Securityholder a
certificate for such number of shares of Common Stock and such warrants for the purchase of shares of Common Stock as set forth next to the name of the Securityholder on  Exhibit A attached hereto
(collectively, the "Exchange Securities"). A form of the Warrant
Agreement (the "Warrant Agreement") to be used in connection with each such warrant is attached hereto as Exhibit B.  The warrants to be issued to
Securityholders are referred to in the Warrant Agreement as Exchange Warrants. The Warrant Agreement also reflects the terms of the investment
expected to be made by New Investors (including without limitation the Unit Warrants described in the Warrant Agreement); however, the parties hereto recognize and agree that the terms of such
investment, including without limitation the Unit Warrants, may change. The Securityholder acknowledges and agrees that the capitalization information set forth in Exhibit A is prepared as of
the Effective Date and is based on the current size of investment of capital by the New Investor into the Company. 

        The
Securityholder hereby waives any and all claims such Securityholder may have in respect of the Securityholder's Credit Rights or the Securityholder's Equity Rights, including any
claims arising from the exchange thereof for the Exchange Securities and the terms thereof hereunder, and releases the Company and its directors, officers, shareholders, agents, representatives and
affiliates from any and all claims that the Securityholder may have in respect of such exchange or any investment decision to be made by the Securityholder with respect thereto. 

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        1.4.    Waiver and Termination of Certain Rights.    

        (a)   Termination of any pre-existing Equity Rights.    The Securityholder hereby forever waives any
rights that it may have pursuant to any security of the Company (except for the Exchange Securities) and any agreement with the Company, relating thereto, whether or not such agreement is referenced
herein, to acquire any equity interest in the Company, other than as is delivered to the Securityholder hereunder. Without limitation, the Securityholder is irrevocably and forever waiving any of its
preemptive rights, participation rights, rights of co-sale or first refusal, registration rights, or any other similar rights that the Securityholder may have pursuant to any Debt
Instrument or Credit Instrument, which rights (if any) are hereby forever terminated. 

        (b)   Termination of any pre-existing Credit Rights.    The Securityholder hereby forever waives any
rights that it may have pursuant to any agreement with Company, whether or not such agreement is referenced herein, with respect to the payment of any monies loaned by the Securityholder to or
otherwise invested in the Company, which rights (if any) are hereby forever terminated. In connection with the issuance of the Exchange Securities, the Securityholder acknowledges and agrees that the
Securityholder is waiving all interest or other amounts accrued that may be owed to the Securityholder under the Debt Instruments or otherwise in respect of the Credit Rights, and that the number of
Exchange Securities issuable to the Securityholder in respect of such Credit Rights is calculated based upon only the principal amount understanding under such Debt Instruments, and not upon any
interest accrued thereunder. 

        1.5    Lockup Agreements.    

        (a)    Restrictions on Public Sale.    Each Securityholder, if the Company or its underwriter so request in connection
with the initial public offering of the Company's securities, will not, without the prior written consent of the Company or such underwriter, effect any public sale or other public distribution of any
equity securities of the Company, including without limitation any sale pursuant to Rule 144 or any pledge, hypothecation, loan, short sale or other transfer, during the seven (7) days
prior to, and during the one hundred eighty (180) day period commencing on the effective date of such underwritten registration, or such other lockup period that the underwriter or the Company
requests, so long as all of the Company's officers and directors, and holders of 5% or more of the Company's Common Stock,
agree to be bound by such restrictions on public sale or distribution of equity securities of the Company. 

 
 

SECTION 2. REPRESENTATIONS AND WARRANTIES OF THE COMPANY    
    

        As a material inducement to the Securityholders to enter into this Agreement and to consummate the transactions contemplated hereby, the Company hereby makes to
each such Securityholder the following representations and warranties: 

        2.1.    Authority.    This Agreement constitutes the valid and binding obligation of the Company enforceable against
it in accordance with its terms except as may be limited by applicable bankruptcy, reorganization, insolvency, moratorium or other similar laws from time to time in effect affecting creditor's rights
generally or by principles governing the availability of equitable remedies. 

        2.2.    No Conflicts.    The execution, delivery and performance by the Company of this Agreement does not and will
not, with or without the giving of notice or the lapse of time or both, (a) constitute a violation of, or conflict with or result in any breach of, acceleration of any obligation under, right
of termination under, or default under, any material agreement, contract, instrument, mortgage, lien, lease, permit, authorization, order, writ, judgment, injunction, decree, determination or
arbitration award to which the Company is a party or by which the Company or its property is bound or affected, (b) violate any judgment, decree, order, statute, law, rule or regulation
applicable to the Company, or 

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(c) require
the Company to obtain any approval, consent or waiver of, or to make any filing with, any person or entity (governmental or otherwise) that has not been obtained or made. 

 
 

SECTION 3. REPRESENTATIONS AND WARRANTIES OF THE SECURITYHOLDERS    
    

        As a material inducement to the Company to enter into this Agreement and to consummate the transactions contemplated hereby, the Securityholder represents and
warrants to the Company as follows: 

        3.1.    Authority.    The Securityholder has full right, authority, power and capacity to enter into this Agreement
and to carry out the transactions contemplated hereby. This Agreement constitutes the valid and binding obligation of such Securityholder enforceable against such Securityholder in accordance
with its terms except as may be limited by applicable bankruptcy, reorganization, insolvency, moratorium or other similar laws from time to time in effect affecting creditor's rights generally or by
principles governing the availability of equitable remedies. 

        3.2.    No Conflicts.    The execution, delivery and performance by such Securityholder of this Agreement does not and
will not, with or without the giving of notice or the lapse of time or both, (a) constitute a violation of, or conflict with or result in any breach of, acceleration of any obligation under,
right of termination under, or default under, any agreement, contract, instrument, mortgage, lien, lease, permit, authorization, order, writ, judgment, injunction, decree, determination or arbitration
award to which such Securityholder is a party or by which such Securityholder or such Securityholder's property is bound or affected, (b) violate any judgment, decree, order, statute, law, rule
or regulation applicable to such Securityholder, or (c) require such Securityholder to obtain any approval, consent or waiver of, or to make any filing with, any person or entity (governmental
or otherwise) that has not been obtained or made. 

        3.3.    Title to Equity Rights.    The Securityholder is the sole record and beneficial holder and owner of the Debt
Instruments and Equity Instruments and the Credit Rights and Equity Rights with respect thereto, respectively, free and clear of any and all liens, claims, options, charges, pledges, security
interests, deeds of trust, voting agreements, voting trusts, encumbrances, rights or restrictions of any nature (collectively, the "Encumbrances"),
including, without limitation, those of spouses, former spouses or other family members, or other Securityholders (or former Securityholders) of the Company. The Securityholder has not pledged or
assigned or transferred to any other person any rights in any claims relating to any Credit Rights or Equity Rights. The transfer and assignment of the Equity Instruments by the Securityholder
pursuant to this Agreement will vest in the Company good and legal title to the Equity Instruments the Equity Rights therein, free and clear of all Encumbrances. 

        3.4.    Access to Information.    Each Securityholder represents that (i) the Securityholder has received and
read all information the Securityholder has deemed necessary or appropriate for purposes of considering the Holder's decision to enter into this Agreement; (ii) the Securityholder has had the
opportunity to discuss the Company's business, operations and financial condition and prospects with the Company's management, and to ask questions and receive answers from the Company regarding the
terms and conditions of the transactions contemplated herein; and (iii) the Securityholder's decision to enter into this Agreement is made in reliance solely upon the Securityholder's own
judgment together with the advice of those advisors retained by the Securityholder, if any, and has been made without any reliance on any recommendation or endorsement of the Company or any third
party with respect thereto, including without limitation any advise or representation relating to tax matters. The Securityholder agrees that no representations or warranties by the Company are made,
or shall be deemed to have been made, at any time or in any manner, whether written or oral, other than such representations and warranties as expressly written in this Agreement. 

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        3.5.    Investment Intent.    Each Securityholder represents that it is acquiring the Exchange Securities for
investment purposes only, and not with a view for distribution other than in accordance with applicable law. 

 
 

SECTION 4. MISCELLANEOUS    
    

        4.1.    Effective Date of this Agreement.    The Company and the Securityholder acknowledge and agree that the
transactions specified in Sections 1.1.-1.4. of this Agreement (the "Contemplated
Transactions") are subject to the completion of, and this Agreement and the documents delivered hereunder by the parties shall not be effective until the closing of a Qualified
Financing by the Company. For the purposes of this Agreement, "Qualified Financing" means the transaction after the date hereof in which the Company has
received, together with any preceding similar transaction (which may have occurred prior to the date of this Agreement), an aggregate investment of at least $2 million in gross proceeds to the
Company in such transaction(s) between the Company and one or more New Investors. Upon the closing of the Qualified Financing, the Contemplated Transactions by this Agreement shall automatically and
irrevocably become effective and binding upon the parties hereto, automatically and without any further action being required on the part of the Company or any Securityholder, and the Company shall
deliver to each Securityholder the certificates for the shares of Common Stock and the warrants comprising such Securityholder's Exchange Securities contemplated under  Section 1.3. hereof.

        4.2.    Governing Law.    This Agreement shall be governed by and construed in accordance with the laws of the State
of Delaware (without giving effect to choice or conflicts of law principles the effect of which would cause the application of the domestic substantive laws of any other jurisdiction). 

        4.3.    Entire Agreement.    This Agreement, together with the exhibits attached hereto, constitutes the entire
agreement among the parties with respect to the subject matter hereof and supersedes all prior agreements and understandings, whether written or oral, between them or any of them as to such subject
matter, including, without limitation the Original Agreement. This Agreement may be amended by a written instrument that specifically refers to this Agreement and that is signed by the Company on the
one hand, and on the other hand, by those Securityholders that hold or are entitled to acquire a majority of the Exchange Securities (measured on a fully-diluted basis) then issued or issuable under
this Agreement. 

        4.4.    Successors and Assigns.    This Agreement shall be binding upon, inure to the benefit of and be enforceable by
and against the parties hereto and their respective successors and assigns. 

        4.5.    Counterparts.    This Agreement may be executed simultaneously in any number of counterparts, each of which
when so executed and delivered shall be taken to be an original but together shall constitute one and the same agreement. 

        4.6.    Further Assurances.    At any time or from time to time after the date of this Agreement, the parties hereto
will take all appropriate action and execute and deliver, without limitation, any documents or instruments of transfer, conveyance, assignment and confirmation or provide any information which may be
reasonably necessary to carry out any of the provisions of this Agreement. 

[REMAINDER
OF PAGE INTENTIONALLY LEFT BLANK] 

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        IN
WITNESS WHEREOF, the parties hereto have executed this SECURITYHOLDER DEBT AND EQUITY CONVERSION AND EXCHANGE AGREEMENT as of the Effective Date. 

	 	 	COMPANY:
	

 	
 	
LIGHTSPACE CORPORATION
	
 	
 	

By:	

 

	 	 	 	Name:	Andrew Kennedy Lang
	 	 	 	Title:	President

[Securityholder
counterpart signature pages to follow] 

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COUNTERPART SIGNATURE PAGE TO

SECURITYHOLDER DEBT AND EQUITY

CONVERSION AND EXCHANGE AGREEMENT  

	 	SECURITYHOLDER:
	
 	

 «FName» «LName»

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Exhibit A  

        Schedule of Debt Instruments, Equity Instruments and Exchange Securities  

8

 
 Exhibit B  

        Form of Warrant Agreement

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LIGHTSPACE CORPORATION AMENDED AND RESTATED SECURITYHOLDER DEBT AND EQUITY CONVERSION AND EXCHANGE AGREEMENT

SECTION 1. STOCK EXCHANGE

SECTION 2. REPRESENTATIONS AND WARRANTIES OF THE COMPANY

SECTION 3. REPRESENTATIONS AND WARRANTIES OF THE SECURITYHOLDERS

SECTION 4. MISCELLANEOUSExhibit 10.3  

LIGHTSPACE CORPORATION  

 2005 STOCK INCENTIVE PLAN  

 

	1.	 	Purpose	 	3
	

2.	
 	

Definitions	
 	

3
	

3.	
 	

Term of the Plan	
 	

5
	

4.	
 	

Stock Subject to the Plan	
 	

5
	

5.	
 	

Administration	
 	

5
	

6.	
 	

Authorization of Grants	
 	

5
	

7.	
 	

Specific Terms of Awards	
 	

6
	

8.	
 	

Adjustment Provisions	
 	

9
	

9.	
 	

Settlement of Awards	
 	

10
	

10.	
 	

Reservation of Stock	
 	

12
	

11.	
 	

No Special Employment or Other Rights	
 	

12
	

12.	
 	

Nonexclusivity of the Plan	
 	

12
	

13.	
 	

Termination and Amendment of the Plan	
 	

12
	

14.	
 	

Notices and Other Communications	
 	

13
	

15.	
 	

Governing Law	
 	

13

2

 
2005 STOCK INCENTIVE PLAN  

1.     Purpose  

        This Plan is intended to encourage ownership of Stock by employees, consultants and directors of the Company and its Affiliates and to provide additional
incentive for them to promote the success of the Company's business. The Plan is intended to be an incentive stock option plan within the meaning of Section 422 of the Code, but not all Awards
are required to be Incentive Options. 

2.     Definitions  

        As used in this Plan, the following terms shall have the following meanings: 

        2.1.  Accelerate, Accelerated, and  Acceleration, when used with respect to an Option, means that as of the time of reference
the Option will become exercisable with respect to some or all
of the shares of Stock for which it was not then otherwise exercisable by its terms, and, when used with respect to Restricted Stock, means that the Risk of Forfeiture otherwise applicable to the
Stock shall expire with respect to some or all of the shares of Restricted Stock then still otherwise subject to the Risk of Forfeiture. 

        2.2.  Acquisition means a merger or consolidation of the Company with or into another person or the sale, transfer, or other
disposition of all or substantially all of the Company's assets to one or more other persons in a single transaction or series of related transactions. 

        2.3.  Affiliate means any corporation, partnership, limited liability company, business trust, or other entity controlling,
controlled by or under common control with the Company. 

        2.4.  Award means any grant or sale pursuant to the Plan of Options, Restricted Stock or Stock Grants. 

        2.5.  Award Agreement means an agreement between the Company and the recipient of an Award, setting forth the terms and
conditions of the Award. 

        2.6.  Board means the Company's Board of Directors. 

        2.7.  Change of Control means the occurrence of any of the following after the date of the approval of the Plan by the Board: 

        (a)   an
Acquisition, unless securities possessing more than 50% of the total combined voting power of the survivor's or acquirer's outstanding securities (or the securities
of any parent thereof) are held by a person or persons who held securities possessing more than 50% of the total combined voting power of the Company's outstanding securities immediately prior to that
transaction, or 

        (b)   any
person or group of persons (within the meaning of Section 13(d)(3) of the Securities Exchange Act of 1934, as amended and in effect from time to time),
directly or indirectly acquires beneficial ownership (determined pursuant to Securities and Exchange Commission Rule 13d-3 promulgated under the said Exchange Act) of securities
possessing more than 50% of the total combined voting power of the Company's outstanding securities, other than (i) the Company or an Affiliate, (ii) an employee benefit plan of the
Company or any of its Affiliates, (iii) a trustee or other fiduciary holding securities under an employee benefit plan of the Company or any of its Affiliates, or (iv) an underwriter
temporarily holding securities pursuant to an offering of such securities. 

        2.8.  Code means the Internal Revenue Code of 1986, as amended from time to time, or any successor statute thereto, and any
regulations issued from time to time thereunder. 

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        2.9.  Committee means any committee of the Board delegated responsibility by the Board for the administration of the Plan, as
provided in Section 5 of the Plan. For any period during which no such committee is in existence "Committee" shall mean the Board and all authority and responsibility assigned to the Committee
under the Plan shall be exercised, if at all, by the Board. 

        2.10. Company means Lightspace Corporation, a corporation organized under the laws of the state of
Delaware.

        2.11. Grant Date means the date as of which an Option is granted, as determined under Section 7.1(a) or the date upon
which a recipient is granted an Award of Restricted Stock, as applicable. 

        2.12. Incentive Option means an Option which by its terms is to be treated as an "incentive stock option" within the meaning
of Section 422 of the Code. 

        2.13. Market Value means the value of a share of Stock on any date as determined by the Committee. 

        2.14. Nonstatutory Option means any Option that is not an Incentive Option. 

        2.15. Option means an option to purchase shares of Stock. 

        2.16. Optionee means a Participant to whom an Option shall have been granted under the Plan. 

        2.17. Participant means any holder of an outstanding Award under the Plan. 

        2.18. Plan means this 2005 Equity Incentive Plan of the Company, as amended from time to time, and including any attachments
or addenda hereto. 

        2.19. Restricted Stock means a grant of sale of shares of Stock to a Participant subject to a Risk of Forfeiture. 

        2.20. Restriction Period means the period of time, established by the Committee in connection with an Award of Restricted
Stock, during which the shares of Restricted Stock are subject to a Risk of Forfeiture described in the applicable Award Agreement. 

        2.21. Risk of Forfeiture means a limitation on the right of the Participant to retain Restricted Stock, including a right in
the Company to reacquire the Shares at less than their then Market Value, arising because of the occurrence or non-occurrence of specified events or conditions. 

        2.22. Stock means common stock, par value $0.0001 per share, of the Company and such other securities as may be substituted
for Stock pursuant to Section 8. 

        2.23. Stock Grant means the grant of shares of Stock not subject to restrictions or other forfeiture conditions. 

        2.24. Stockholders' Agreement means any agreement by and among the holders of at least a majority of the outstanding voting
securities of the Company and setting forth, among other provisions, restrictions upon the transfer of shares of Stock or on the exercise of rights appurtenant thereto (including but not limited to
voting rights). 

        2.25. Ten Percent Owner means a person who owns, or is deemed within the meaning of Section 422(b)(6) of the Code to
own, stock possessing more than 10% of the total combined voting power of all classes of stock of the Company (or any parent or subsidiary corporations of the Company, as defined in Sections 424(e)
and (f), respectively, of the Code). Whether a person is a Ten Percent Owner shall be determined with respect to an Option based on the facts existing immediately prior to the Grant Date of the
Option. 

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3.     Term of the Plan  

        Unless the Plan shall have been earlier terminated by the Board, Awards may be granted under this Plan at any time in the period commencing on the date of
approval of the Plan by the Board and ending immediately prior to the tenth anniversary of the earlier of the adoption of the Plan by the Board or approval of the Plan by the Company's stockholders.
Awards granted pursuant to the Plan within that period shall not expire solely by reason of the termination of the Plan. Awards of Incentive Options granted prior to stockholder approval of the Plan
are expressly conditioned upon such
approval, but in the event of the failure of the stockholders to approve the Plan shall thereafter and for all purposes be deemed to constitute Nonstatutory Options. 

4.     Stock Subject to the Plan  

        At no time shall the number of shares of Stock issued pursuant to or subject to outstanding Awards granted under the Plan exceed 180,200 shares of Stock;  subject,
however, to the provisions of Section 8 of the Plan. For purposes of applying the foregoing limitation, if any Option expires,
terminates, or is cancelled for any reason without having been exercised in full, or if any Award of Restricted Stock is forfeited by the recipient, the shares not purchased by the Optionee or
forfeited by the recipient shall again be available for Awards to be granted under the Plan. Shares of Stock issued pursuant to the Plan may be either authorized but unissued shares or shares held by
the Company in its treasury. 

5.     Administration  

        The Plan shall be administered by the Committee; provided, however, that at any time and on any one or more
occasions the Board may itself exercise any of the powers and responsibilities assigned the Committee under the Plan and when so acting shall have the benefit of all of the provisions of the Plan
pertaining to the Committee's exercise of its authorities hereunder; and provided further, however, that the Committee may delegate to an executive
officer or officers the authority to grant Awards hereunder to employees who are not officers, and to consultants, in accordance with such guidelines as the Committee shall set forth at any time or
from time to time. Subject to the provisions of the Plan, the Committee shall have complete authority, in its discretion, to make or to select the manner of making all determinations with respect to
each Award to be granted by the Company under the Plan including the employee, consultant or director to receive the Award and the form of Award. In making such determinations, the Committee may take
into account the nature of the services rendered by the respective employees, consultants, and directors, their present and potential contributions to the success of the Company and its Affiliates,
and such other factors as the Committee in its discretion shall deem relevant. Subject to the provisions of the Plan, the Committee shall also have complete authority to interpret the Plan, to
prescribe, amend and rescind rules and regulations relating to it, to determine the terms and provisions of the respective Award Agreements (which need not be identical), and to make all other
determinations necessary or advisable for the administration of the Plan. The Committee's determinations made in good faith on matters referred to in the Plan shall be final, binding and conclusive on
all persons having or claiming any interest under the Plan or an Award made pursuant to hereto. 

6.     Authorization of Grants  

        6.1.    Eligibility.    The Committee may grant from time to time and at any time prior to the termination of the Plan
one or more Awards, either alone or in combination with any other Awards, to any employee of or consultant to one or more of the Company and its Affiliates or to any non-employee member of
the Board or of any board of directors (or similar governing authority) of any Affiliate. However, only employees of the Company, and of any parent or 

5

 

subsidiary
corporations of the Company, as defined in Sections 424(e) and (f), respectively, of the Code, shall be eligible for the grant of an Incentive Option. 

        6.2.    General Terms of Awards.    Each grant of an Award shall be subject to all applicable terms and conditions of
the Plan (including but not limited to any specific terms and conditions applicable to that type of Award set out in the following Section), and such other terms and conditions, not inconsistent with
the terms of the Plan, as the Committee may prescribe. No prospective Participant shall have any rights with respect to an Award, unless and until such Participant has executed an agreement evidencing
the Award, delivered a fully executed copy thereof to the Company, and otherwise complied with the applicable terms and conditions of such Award. 

        6.3.    Non-Transferability of Awards.    Except as otherwise provided in this Section, Awards shall not
be transferable, and no Award or interest therein may be sold, transferred, pledged, assigned, or otherwise alienated or hypothecated, other than by will or by the laws of descent and distribution.
All of a Participant's rights in any Award may be exercised during the life of the Participant only by the Participant or the Participant's legal representative. However, the Committee may, at or
after the grant of an Award of a Nonstatutory Option, or shares of Restricted Stock, provide that such Award may be transferred by the recipient to a family member; provided,
however, that any such transfer is without payment of any consideration whatsoever and that no transfer shall be valid unless first approved by the Committee, acting in its
sole discretion. For this purpose, "family member" means any child, stepchild, grandchild, parent, stepparent, spouse, former spouse, sibling, niece, nephew, mother-in-law,
father-in-law, son-in-law, daughter-in-law, brother-in-law, or sister-in-law,
including adoptive relationships, any person sharing the employee's household (other than a tenant or employee), a trust in which the foregoing persons have more than fifty (50) percent of the
beneficial interests, a foundation in which the foregoing persons (or the Participant) control the management of assets, and any other entity in which these persons (or the Participant) own more than
fifty (50) percent of the voting interests. 

7.     Specific Terms of Awards  

        7.1.    Options.    

        (a)    Date of Grant.    The granting of an Option shall take place at the time specified in the Award Agreement. Only
if expressly so provided in the applicable Award Agreement shall the Grant Date be the date on which the Award Agreement shall have been duly executed and delivered by the Company and the Optionee. 

        (b)    Exercise Price.    The price at which shares of Stock may be acquired under each Incentive Option shall be not
less than 100% of the Market Value of Stock on the Grant Date, or not less than 110% of the Market Value of Stock on the Grant Date if the Optionee is a Ten Percent Owner. The price at which shares
may be acquired under each Nonstatutory Option shall not be so limited solely by reason of this Section. 

        (c)    Option Period.    No Incentive Option may be exercised on or after the tenth anniversary of the Grant Date, or
on or after the fifth anniversary of the Grant Date if the Optionee is a Ten Percent Owner. The Option period under each Nonstatutory Option shall not be so limited solely by reason of this Section. 

        (d)    Exercisability.    An Option may be immediately exercisable or become exercisable in such installments,
cumulative or non-cumulative, as the Committee may determine. In the case of an Option not otherwise immediately exercisable in full, the Committee may Accelerate such Option in whole or
in part at any time; provided, however, that in the case of an Incentive Option, any such 

6

 

Acceleration
of the Option would not cause the Option to fail to comply with the provisions of Section 422 of the Code or the Optionee consents to the Acceleration. 

        (e)    Termination of Association with the Company.    Unless the Committee shall provide otherwise with respect to
any Option, if the Optionee's employment or other association with the Company and its Affiliates ends for any reason, including because of the Optionee's employer ceasing to be an Affiliate, any
outstanding Option of the Optionee shall cease to be exercisable in any respect not later than 30 days following that event and, for the period it remains exercisable following that event,
shall be exercisable only to the extent exercisable at the date of that event. Military or sick leave or other bona fide leave shall not be deemed a termination of employment or other association,  provided that it does not exceed the longer of ninety (90) days or the period during which the absent Optionee's reemployment rights, if any, are
guaranteed by statute or by contract. 

        (f)    Method of Exercise.    An Option may be exercised by the Optionee giving written notice, in the manner provided
in Section 14, specifying the number of shares with respect to which the Option is then being
exercised. The notice shall be accompanied by payment in the form of cash or check payable to the order of the Company in an amount equal to the exercise price of the shares to be purchased or, if the
Committee had so authorized on the grant of an Incentive Option or on or after grant of an Nonstatutory Option (and subject to such conditions, if any, as the Committee may deem necessary to avoid
adverse accounting effects to the Company) by delivery to the Company of 

	(i)
	shares
of Stock having a Market Value equal to the exercise price of the shares to be purchased, or

	(ii)
	the
Optionee's executed promissory note in the principal amount equal to the exercise price of the shares to be purchased and otherwise in such form as the Committee
shall have approved. 

If
the Stock becomes traded on an established market, payment of any exercise price may also be made through and under the terms and conditions of any formal cashless exercise program authorized by
the Company entailing the sale of the Stock subject to an Option in a brokered transaction (other than to the Company). Receipt by the Company of such notice and payment in any authorized or
combination of authorized means shall constitute the exercise of the Option. Within thirty (30) days thereafter but subject to the remaining provisions of the Plan, the Company shall deliver or
cause to be delivered to the Optionee or his agent a certificate or certificates for the number of shares then being purchased. Such shares shall be fully paid and nonassessable. 

        (g)    Limit on Incentive Option Characterization.    An Incentive Option shall be considered to be an Incentive
Option only to the extent that the number of shares of Stock for which the Option first becomes exercisable in a calendar year do not have an aggregate Market Value (as of the date of the grant of the
Option) in excess of the "current limit". The current limit for any Optionee for any calendar year shall be $100,000 minus the aggregate Market Value at
the date of grant of the number of shares of Stock available for purchase for the first time in the same year under each other Incentive Option previously granted to the Optionee under the Plan, and
under each other incentive stock option previously granted to the Optionee under any other incentive stock option plan of the Company and its Affiliates, after December 31, 1986. Any shares of
Stock which would cause the foregoing limit to be violated shall be deemed to have been granted under a separate Nonstatutory Option, otherwise identical in its terms to those of the Incentive Option. 

        (h)    Notification of Disposition.    Each person exercising any Incentive Option granted under the Plan shall be
deemed to have covenanted with the Company to report to the Company any disposition of such shares prior to the expiration of the holding periods specified by 

7

 

Section 422(a)(1)
of the Code and, if and to the extent that the realization of income in such a disposition imposes upon the Company federal, state, local or other withholding tax
requirements, or any such withholding is required to secure for the Company an otherwise available tax deduction, to remit to the Company an amount in cash sufficient to satisfy those requirements. 

        (i)    Rights Pending Exercise.    No person holding an Option shall be deemed for any purpose to be a stockholder of
the Company with respect to any of the shares of Stock issuable pursuant to his Option, except to the extent that the Option shall have been exercised with respect thereto and, in addition, a
certificate shall have been issued therefor and delivered to such holder or his agent. 

        7.2.    Restricted Stock.    

        (a)    Purchase Price.    Shares of Restricted Stock in respect of any Award under the Plan shall be issued for such
consideration, in cash, other property or services, the recipient's executed promissory note in the principal amount equal to the purchase price of the shares of Restricted Stock covered by such Award
(in such form as the Committee shall have approved) or any combination thereof, as is determined by the Committee. 

        (b)    Issuance of Certificates.    Each Participant receiving a Restricted Stock Award, subject to subsection
(c) below, shall be issued a stock certificate in respect of such shares of Restricted Stock. Such certificate shall be registered in the name of such Participant, and, if applicable, shall
bear an appropriate legend referring to the terms, conditions, and restrictions applicable to such Award substantially in the following form: 

THE
TRANSFERABILITY OF THIS CERTIFICATE AND THE SHARES REPRESENTED BY THIS CERTIFICATE ARE SUBJECT TO THE TERMS AND CONDITIONS OF LIGHTSPACE CORPORATION 2005 EQUITY INCENTIVE PLAN AND AN AWARD
AGREEMENT ENTERED INTO BY THE REGISTERED OWNER AND LIGHTSPACE CORPORATION. COPIES OF SUCH PLAN AND AGREEMENT ARE ON FILE IN THE OFFICES OF LIGHTSPACE CORPORATION. 

        (c)    Escrow of Shares.    The Committee may require that the stock certificates evidencing shares of Restricted
Stock be held in custody by a designated escrow agent (which may but need not be the Company) until the restrictions thereon shall have lapsed, and that the Participant deliver a stock power, endorsed
in blank, relating to the Stock covered by such Award. 

        (d)    Restrictions and Restriction Period.    During the Restriction Period applicable to shares of Restricted Stock,
such shares shall be subject to limitations on transferability and a Risk of Forfeiture arising on the basis of such conditions related to the performance of services, Company or Affiliate performance
or otherwise as the Committee may determine and provide for in the applicable Award Agreement. Any such Risk of Forfeiture may be waived or terminated, or the Restriction Period shortened, at any time
by the Committee on such basis as it deems appropriate. 

        (e)    Rights Pending Lapse of Risk of Forfeiture or Forfeiture of Award.    Except as otherwise provided in the Plan
or the applicable Award Agreement, at all times prior to lapse of any Risk of Forfeiture applicable to, or forfeiture of, an Award of Restricted Stock, the Participant shall have all of the rights of
a stockholder of the Company, including the right to vote, and the right to receive any dividends with respect to, the shares of Restricted Stock. The Committee, as determined at the time of Award,
may permit or require the payment of cash dividends to be deferred and, if the Committee so determines, reinvested in additional Restricted Stock to the extent shares are available under
Section 4. 

        (f)    Termination of Association with the Company.    Unless the Committee shall provide otherwise for any Award of
Restricted Stock, upon termination of a Participant's employment or 

8

 

other
association with the Company and its Affiliates for any reason during the Restriction Period, including because of the Participant's employer ceasing to be an Affiliate during the Restriction
Period, all shares of Restricted Stock still subject to Risk of Forfeiture shall be forfeited or otherwise subject to return to or repurchase by the Company on the terms specified in the Award
Agreement; provided, however, that military or sick leave or other bona fide leave shall not be deemed a termination of employment or other association,
if it does not exceed the longer of ninety (90) days or the period during which the absent Participant's reemployment rights, if any, are guaranteed by statute or by contract. 

        (g)    Lapse of Restrictions.    If and when the Restriction Period expires without a prior forfeiture of the
Restricted Stock, the certificates for such shares shall be delivered to the Participant promptly if not theretofore so delivered. 

        7.3.    Stock Grants.    Stock Grants shall be awarded solely in recognition of significant contributions to the
success of the Company or its Affiliates, in lieu of compensation otherwise already due and in such other limited circumstances as the Committee deems appropriate. Stock Grants shall be made without
forfeiture conditions of any kind. 

        7.4.    Awards to Participants Outside the United States.    The Committee may modify the terms of any Award under the
Plan granted to a Participant who is, at the time of grant or during the term of the Award,
resident or primarily employed outside of the United States in any manner deemed by the Committee to be necessary or appropriate in order that the Award shall conform to laws, regulations, and customs
of the country in which the Participant is then resident or primarily employed, or so that the value and other benefits of the Award to the Participant, as affected by foreign tax laws and other
restrictions applicable as a result of the Participant's residence or employment abroad, shall be comparable to the value of such an Award to a Participant who is resident or primarily employed in the
United States. The Committee may establish supplements to, or amendments, restatements, or alternative versions of the Plan for the purpose of granting and administrating any such modified Award. No
such modification, supplement, amendment, restatement or alternative version may increase the share limit of Section 4. 

8.     Adjustment Provisions  

        8.1.    Adjustment for Corporate Actions.    All of the share numbers set forth in the Plan reflect the capital
structure of the Company as of September 30, 2005. Subject to Section 8.3, if subsequent to that date the outstanding shares of Stock (or any other securities covered by the Plan by
reason of the prior application of this Section) are increased, decreased, or exchanged for a different number or kind of shares or other securities, or if additional shares or new or different shares
or other securities are distributed with respect to shares of Stock, through merger, consolidation, sale of all or substantially all the property of the Company, reorganization, recapitalization,
reclassification, stock dividend, stock split, reverse stock split, or other similar distribution with respect to such shares of Stock, an appropriate and proportionate adjustment will be made in
(i) the maximum numbers and kinds of shares provided in Section 4, (ii) the numbers and kinds of shares or other securities subject to the then outstanding Awards,
(iii) the exercise price for each share or other unit of any other securities subject to then outstanding Options (without change in the aggregate purchase price as to which such Options remain
exercisable), and (iv) the repurchase price of each share of Restricted Stock then subject to a Risk of Forfeiture in the form of a Company repurchase right. 

        8.2.    Change in Control.    Subject to any provisions of the then outstanding Awards granting greater rights to the
holders thereof, and to the approval of the Board, in the event of a Change in Control (including a Change of Control which is an Acquisition), any Restricted Stock Award still then subject to a Risk
of Forfeiture and any outstanding Option not then exercisable in full shall 

9

 

vest
under the terms of the Award. The preceding shall apply as well to shares of Restricted Stock the repurchase rights of which are held by an acquiring entity, and outstanding Options which are
assumed by an acquiring entity or replaced by comparable options to purchase shares of the capital stock of a successor or acquiring entity or parent thereof. The Committee shall have the discretion,
exercisable either in advance of a Change in Control or at the time thereof, to provide (upon such terms as it may deem appropriate) for (i) the automatic Acceleration of one or more
outstanding Options that do not otherwise Accelerate by reason of the Change in Control, and/or (ii) the subsequent termination of one or more of the Company's repurchase rights with respect to
Restricted Stock Awards that do not otherwise terminate at that time, in the event that the employment of the respective grantees of such Awards should subsequently terminate following such Change in
Control. 

        8.3.    Dissolution or Liquidation.    Upon dissolution or liquidation of the Company, other than as part of an
Acquisition or similar transaction, each outstanding Option shall terminate, but the Optionee (if at the time in the employ of or otherwise associated with the Company or any of its Affiliates) shall
have the right, immediately prior to the dissolution or liquidation, to exercise the Option to the extent exercisable on the date of dissolution or liquidation. 

        8.4.    Adjustment of Awards Upon the Occurrence of Certain Unusual or Nonrecurring Events.    In the event of any
corporate action not specifically covered by the preceding Sections, including but not limited to an extraordinary cash distribution on Stock, a corporate separation or other reorganization or
liquidation, the Committee may make such adjustment of outstanding Awards and their terms, if any, as it, in its sole discretion, may deem equitable and appropriate in the circumstances. 

        8.5.    Related Matters.    Any adjustment in Awards made pursuant to this Section 8 shall be determined and
made, if at all, by the Committee and shall include any correlative modification of terms, including of Option exercise prices, rates of vesting or exercisability, Risks of Forfeiture and applicable
repurchase prices for Restricted Stock, which the Committee may deem necessary or appropriate so as to ensure the rights of the Participants in their respective Awards are not substantially diminished
nor enlarged as a result of the adjustment and corporate action other than as expressly contemplated in this Section 8. No fraction of a share shall be purchasable or deliverable upon exercise,
but in the event any adjustment hereunder of the number of shares covered by an Award shall cause such number to include a fraction of a share, such number of shares shall be adjusted to the nearest
smaller whole number of shares. No adjustment of an Option exercise price per share pursuant to this Section 8 shall result in an exercise price which is less than the par value of the Stock. 

9.     Settlement of Awards  

        9.1.    Violation of Law.    Notwithstanding any other provision of the Plan or the relevant Award Agreement, if, at
any time, in the reasonable opinion of the Company, the issuance of shares of Stock covered by an Award may constitute a violation of law, then the Company may delay such issuance and the delivery of
a certificate for such shares until (i) approval shall have been obtained from such governmental agencies, other than the Securities and Exchange Commission, as may be required under any
applicable law, rule, or regulation and (ii) in the case where such issuance would constitute a violation of a law administered by or a regulation of the Securities and Exchange Commission, one
of the following conditions shall have been satisfied: 

        (a)   the
shares are at the time of the issue of such shares effectively registered under the Securities Act of 1933; or 

10

 

        (b)   the
Company shall have determined, on such basis as it deems appropriate (including an opinion of counsel in form and substance satisfactory to the Company) that the
sale, transfer, assignment, pledge, encumbrance or other disposition of such shares or such beneficial interest, as the case may be, does not require registration under the Securities Act of 1933, as
amended or any applicable State securities laws. 

        The
Company shall make all reasonable efforts to bring about the occurrence of said events. 

        9.2.    Corporate Restrictions on Rights in Stock.    Any Stock to be issued pursuant to Awards granted under the Plan
shall be subject to all restrictions upon the transfer thereof which may be now or hereafter imposed by the charter, certificate or articles, and by-laws, of the Company. 

        9.3.    Investment Representations.    The Company shall be under no obligation to issue any shares covered by any
Award unless the shares to be issued pursuant to Awards granted under the Plan have been effectively registered under the Securities Act of 1933, as amended, or the Participant shall have made such
written representations to the Company (upon which the Company believes it may reasonably rely) as the Company may deem necessary or appropriate for purposes of confirming that the issuance of such
shares will be exempt from the registration requirements of that Act and any applicable state
securities laws and otherwise in compliance with all applicable laws, rules and regulations, including but not limited to that the Participant is acquiring the shares for his or her own account for
the purpose of investment and not with a view to, or for sale in connection with, the distribution of any such shares. 

        9.4.    Registration.    If the Company shall deem it necessary or desirable to register under the Securities Act of
1933, as amended or other applicable statutes any shares of Stock issued or to be issued pursuant to Awards granted under the Plan, or to qualify any such shares of Stock for exemption from the
Securities Act of 1933, as amended or other applicable statutes, then the Company shall take such action at its own expense. The Company may require from each recipient of an Award, or each holder of
shares of Stock acquired pursuant to the Plan, such information in writing for use in any registration statement, prospectus, preliminary prospectus or offering circular as is reasonably necessary for
that purpose and may require reasonable indemnity to the Company and its officers and directors from that holder against all losses, claims, damage and liabilities arising from use of the information
so furnished and caused by any untrue statement of any material fact therein or caused by the omission to state a material fact required to be stated therein or necessary to make the statements
therein not misleading in the light of the circumstances under which they were made. In addition, the Company may require of any such person that he or she agree that, without the prior written
consent of the Company or the managing underwriter in any public offering of shares of Stock, he or she will not sell, make any short sale of, loan, grant any option for the purchase of, pledge or
otherwise encumber, or otherwise dispose of, any shares of Stock during the 180 day period commencing on the effective date of the registration statement relating to the underwritten public
offering of securities. Without limiting the generality of the foregoing provisions of this Section 9.4, if in connection with any underwritten public offering of securities of the Company the
managing underwriter of such offering requires that the Company's directors and officers enter into a lock-up agreement containing provisions that are more restrictive than the provisions
set forth in the preceding sentence, then (a) each holder of shares of Stock acquired pursuant to the Plan (regardless of whether such person has complied or complies with the provisions of
clause (b) below) shall be bound by, and shall be deemed to have agreed to, the same lock-up terms as those to which the Company's directors and officers are required to adhere; and
(b) at the request of the Company or such managing underwriter, each such person shall execute and deliver a lock-up agreement in form and substance equivalent to that which is
required to be executed by the Company's directors and officers. 

11

 

        9.5.    Placement of Legends; Stop Orders; etc.    Each share of Stock to be issued pursuant to Awards granted under
the Plan may bear a reference to the investment representation made in accordance with Section 9.3 in addition to any other applicable restriction under the Plan, the terms of the Award and to
the fact that no registration statement has been filed with the Securities and Exchange Commission in respect to such shares of Stock. All certificates for shares of Stock or other securities
delivered under the Plan shall be subject to such stock transfer orders and other restrictions as the Committee may deem advisable under the rules, regulations, and other requirements of any stock
exchange upon which the Stock is then listed, and any applicable federal or state securities law, and the Committee may cause a legend or legends to be put on any such certificates to make appropriate
reference to such restrictions. 

        9.6.    Tax Withholding.    Whenever shares of Stock are issued or to be issued pursuant to Awards granted under the
Plan, the Company shall have the right to require the recipient to remit to the Company an amount sufficient to satisfy federal, state, local or other withholding tax requirements if, when, and to the
extent required by law (whether so required to secure for the Company an otherwise available tax deduction or otherwise) prior to the delivery of any certificate or certificates for such shares. The
obligations of the Company under the Plan shall be conditional on satisfaction of all such withholding obligations and the Company shall, to the extent permitted by law, have the right to deduct any
such taxes from any payment of any kind otherwise due to the recipient of an Award. 

10.   Reservation of Stock  

        The Company shall at all times during the term of the Plan and any outstanding Options granted hereunder reserve or otherwise keep available such number of shares
of Stock as will be sufficient to satisfy the requirements of the Plan (if then in effect) and the Options and shall pay all fees and expenses necessarily incurred by the Company in connection
therewith. 

11.   No Special Employment or Other Rights  

        Nothing contained in the Plan or in any Award Agreement shall confer upon any recipient of an Award any right with respect to the continuation of his or her
employment or other association with the Company (or any Affiliate), or interfere in any way with the right of the Company (or any Affiliate), subject to the terms of any separate employment or
consulting agreement or provision of law or corporate charter, certificate or articles, or by-laws, to the contrary, at any time to terminate such employment or consulting agreement or to
increase or decrease, or otherwise adjust, the other terms and conditions of the recipient's employment or other association with the Company and its Affiliates. 

12.   Nonexclusivity of the Plan  

        Neither the adoption of the Plan by the Board nor the submission of the Plan to the stockholders of the Company shall be construed as creating any limitations on
the power of the Board to adopt such other incentive arrangements as it may deem desirable, including without limitation, the granting of stock options and restricted stock other than under the Plan,
and such arrangements may be either applicable generally or only in specific cases. 

13.   Termination and Amendment of the Plan  

        The Board may at any time terminate the Plan or make such modifications of the Plan as it shall deem advisable. Unless the Board otherwise expressly provides, no
amendment of the Plan shall affect the terms of any Award outstanding on the date of such amendment. In any case, no termination or amendment of the Plan may, without the consent of any recipient of
an Award granted hereunder, adversely affect the rights of the recipient under such Award. 

12

 

        The
Committee may amend the terms of any Award theretofore granted, prospectively or retroactively, provided that the Award as amended is consistent with the terms of the Plan, but no
such amendment shall impair the rights of the recipient of such Award without his or her consent. 

14.   Notices and Other Communications  

        Any notice, demand, request or other communication hereunder to any party shall be deemed to be sufficient if contained in a written instrument delivered in
person or duly sent by first class registered, certified or overnight mail, postage prepaid, or telecopied with a confirmation copy by regular, certified or overnight mail, addressed or telecopied, as
the case may be, (i) if to the recipient of an Award, at his or her residence address last filed with the Company and (ii) if to the Company, at its principal place of business,
addressed to the attention of its Treasurer, or to such other address or telecopier number, as the case may be, as the addressee may have designated by notice to the addressor. All such notices,
requests, demands and other communications shall be deemed to have been received: (i) in the case of personal delivery, on the date of such delivery; (ii) in the case of mailing, when
received by the addressee; and (iii) in the case of facsimile transmission, when confirmed by facsimile machine report. 

15.   Governing Law  

        The Plan and all Award Agreements and actions taken thereunder shall be governed, interpreted and enforced in accordance with the laws of the state of Delaware,
without regard to the conflict of laws principles thereof. 

13

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