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EXHIBIT 10.4    
  

  

LARRY L. MYERS
  Senior Vice President

Human Resources 

May 8,
2001 

David
L. Myers

Washington Group International Inc

720 Park Blvd.

Boise, ID 83712 

	Re:
	Terms
of Special Assignment 

Dear
Dave: 

        On
behalf of Washington Group International Inc (the "Company"), I am writing to document the terms of your change in employment assignment, which have been approved by the Board of
Directors. 

        1.    Position and Services to be Rendered.    The Company employed you as Executive Vice
President—Corporate Affairs effective January 16, 2001. Your primary responsibilities are to oversee the development and pursuit of the Company's claim against Raytheon Company (the
"Raytheon Claim"). You will report to the Company's President, Stephen G. Hanks. 

        2.    Salary.    You will continue to receive the same annual base salary you were receiving as President of the Power
Group, with any increases implemented since your assignment changed, payable in accordance with the Company's normal payroll practice (i.e., every two weeks). The Company will review your base salary
annually, in accordance with standard Company practices, to determine any increase. 

        3.    Annual Bonus.    You will have a bonus target of 100% of your base salary, and your actual bonus will be
determined at the end of each fiscal year by the Compensation Committee of the Board of Directors. At the end of the fiscal year in which you receive the Project Completion Bonus set forth in
paragraph #5, the Compensation Committee may credit against the Annual Bonus due at the end of that year such portion of the Project Completion Bonus as the Committee in its sole discretion may
determine. 

        4.    Stock Options.    You have been granted options to purchase 75,000 shares of the Company's common stock under
the Company's Stock Option Plan at a price equal to theper share closing price of the Company's common stock as of January 25, 2001. Such options shall vest in four equal increments over
four years beginning with the first anniversary of the date of grant and shall be subject to such additional conditions as the Covered Employees Subcommittee may impose. 

        5.    Project Completion Bonus.    Upon completion of your special assignment in overseeing the Raytheon claim, you
will be awarded a one-time lump sum project completion bonus of $500,000, and the option to purchase 75,000 shares of the Company's common stock (referred to in paragraph 4 above)
will immediately vest and you will have a 2-year period to exercise such options following the date of vesting. This project bonus will offset any other bonuses under the Company's bonus
plans for the year in which the Project Completion Bonus is paid. 

        6.    Apartment.    The Company will provide a furnished apartment for you in Boise as long as you are working on this
special assignment. If the cost of providing the apartment is taxable to you, the Company will gross-up your compensation so as to make the cost of providing the apartment income 

 

tax neutral to you. In addition the Company will provide a one-time payment to you of $3000 as a furniture allowance to furnish the apartment. 

        7.    Relocation.    The Company will pay travel expenses for you and your wife to find an apartment in Boise and in
connection with closing out your residence in Boston. The Company also will reimburse you for the cost of moving the furnishings from your apartment in Boston partially to Boise and partially to
California. The Company will also pay for the cost of shipping your car from Boston to California and for the cost of shipping household goods currently in storage in Boston to storage in California.
The Company will also pay for the cost of storage of the household goods in California until your special assignment is complete or until you have moved into your new house in California that is
currently under construction, whichever is shorter. Finally, the Company will pay the expenses connected with termination of the Boston apartment lease and furniture lease. 

        8.    Fringe Benefits.    You will continue to be entitled to participate in the Company's group plans and other
benefits normally offered to full-time salaried employees. You also will continue to be a key employee of the Company, with the benefits available to key employees. 

        To
indicate your acceptance of these terms of your special assignment, please sign and return this letter as soon as possible. If you have any questions, please do not hesitate to
contact me. 

	Sincerely,	 	 
	

/s/  LARRY MYERS      	
 	

 
	

Larry Myers	
 	

 
	
Agreed and Accepted:	
 	

 
	

/s/  DAVID L. MYERS      
 David L. Myers	
 	

8 May 01
 Date

2

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EXHIBIT 10.4<Page>

                                                                     Exhibit 4.1

                            CERTIFICATE OF AMENDMENT
                           TO THE AMENDED AND RESTATED
                          CERTIFICATE OF INCORPORATION
                                       OF
                               EXCELON CORPORATION

       Pursuant to the provisions of Section 242 of the Delaware General
Corporation Law, the undersigned, eXcelon Corporation, a Delaware corporation
(the "Corporation") adopts the following Certificate of Amendment to its Amended
and Restated Certificate of Incorporation:

  I.   The name of the Corporation is: eXcelon Corporation.

 II.   Article Four of the Amended and Restated Certificate of Incorporation of
       eXcelon Corporation is hereby amended as follows:

       By inserting the following after the first paragraph of Article Four:

            Simultaneously with the effective date of this Certificate of
       Amendment (the "Effective Date") all issued and outstanding shares of
       Common Stock, par value $.001 per share ("Existing Common Stock") shall
       be and hereby are automatically combined and reclassified (the "Reverse
       Split"), such that each eight shares of Existing Common Stock shall be
       combined and reclassified (the "Reverse Split") as one share of issued
       and outstanding Common Stock, par value $.001 per share ("New Common
       Stock"). The Corporation shall not issue fractional shares on account of
       the Reverse Split. Any fractional share resulting from such change shall
       be rounded upward to the nearest whole share. Share interests due to
       rounding are given solely to save expense and inconvenience of issuing
       fractional shares and do not represent bargained for consideration.

            The Corporation shall, through its transfer agent, provide
       certificates representing New Common Stock to holders of Existing Common
       Stock in exchange for certificates representing Existing Common Stock.
       From and after the Effective Date, certificates representing shares of
       Existing Common Stock are hereby canceled and shall represent only the
       right of holders thereof to receive New Common Stock.

            From and after the Effective Date, the term "New Common Stock" as
       used in this Article Four shall mean Common Stock as provided in the
       Certificate of Incorporation.

III.   The foregoing amendment was duly approved and adopted in accordance with
       the provisions of Section 242 of the General Corporation Law of the State
       of Delaware and the Bylaws of the Corporation at a meeting of the Board
       of Directors of the Corporation on October 4, 2002 at which a quorum was
       present and acting throughout. The Board of Directors previously declared
       the advisability of the amendment and directed that the amendment be
       submitted to the stockholders of the Corporation for approval.

 IV.   At a special meeting of the stockholders of the Corporation held on
       October 4, 2002, a majority of the shares of outstanding Common Stock
       entitled to vote thereon was voted in favor of the amendment in
       accordance with Section 242 of the General Corporation Law of the State
       of Delaware.

  V.   This amendment shall be effective on the date this Certificate of
       Amendment is filed and accepted by the Secretary of State of the State of
       Delaware.

<Page>

IN WITNESS WHEREOF, the undersigned has executed this Certificate of Amendment
to the Second Amended and Restated Certificate of Incorporation of eXcelon this
Seventh day of October, 2002.

                                       eXcelon Corporation

                                       /s/ CLIFFORD B. THOMPSON
                                       ---------------------------------------

                                       By:    Clifford B. Thomson
                                       Title: Vice President and General Counsel

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Exhibit 4.1    
  

[STOCK CERTIFICATE]  

Incorporated Under the Laws of the State of Minnesota

 

 

  

	NUMBER	 	[GRAPHIC]	 	SHARES

2ND SWING, INC.  

50,000,000 Authorized Shares - $0.01 Par Value

COMMON STOCK  

  

   

	This Certifies that	 	    is the owner and
	 	
	 

	

registered holder of	

 	

    Shares of
	 	
	 

the common stock of 2nd Swing, Inc.  

	transferable only on the books of the corporation by the holder hereof in person or by duly authorized attorney upon surrender of this certificate properly endorsed.
	 	IN WITNESS WHEREOF, the said corporation has caused this certificate to be signed by its duly authorized officers and to be sealed with the seal of the corporation
	

 	
this	

 	

  day of	

 	

, 20	

 
	 	 	
	 	
	 	

	

[SEAL]	

/s/  P. SIMON KALLAL      
Secretary

P. Simon Kallal	
 	

/s/  STANLEY A. BODINE      
Chief Executive Officer

Stanley A. Bodine

For Value Received                          hereby sell, assign and transfer unto

Shares represented by the within Certificate, and do hereby irrevocably constitute and appoint

Attorney to transfer the said shares on the Books of the within named Corporation with full power of substitution in the premises. 

Dated
                                         
  , 20
                                        
                  
 

	IN PRESENCE OF	 
	 	

NOTICE:
THE SIGNATURE TO THIS ASSIGNMENT MUST CORRESPOND WITH THE NAME AS WRITTEN UPON THE FACE OF THIS CERTIFICATE IN EVERY PARTICULAR, WITHOUT ALTERATION OR
ENLARGEMENT OR ANY CHANGE WHATEVER. 

THE COMPANY IS AUTHORIZED TO ISSUE MORE THAN ONE CLASS OF CAPITAL STOCK. THE COMPANY WILL FURNISH TO ANY SHAREHOLDER, UPON REQUEST AND WITHOUT CHARGE, A FULL
STATEMENT OF THE DESIGNATIONS, PREFERENCES, LIMITATIONS, AND RELATIVE RIGHTS OF THE SHARES OF EACH CLASS OR SERIES AUTHORIZED TO BE ISSUED, SO FAR AS THEY HAVE BEEN DETERMINED, AND THE AUTHORITY OF
THE BOARD TO DETERMINE THE RELATIVE RIGHTS AND PREFERENCES OF SUBSEQUENT CLASSES OR SERIES. 

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Exhibit 4.1

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