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Exhibit 10.7    
    

 
 

Restricted Stock Purchase Agreement    
    

        This Restricted Stock Purchase Agreement ("Agreement"), dated as of May 17, 2007, is between Syngence Corporation, a Delaware corporation, (the "Company")
and                            ("Shareholder"). 

        In
consideration of the mutual covenants and representations contained in this Agreement, the Company and Shareholder agree as follows: 

1.    Purchase and Sale of Stock.    

        1.1    Purchase.    Subject to the terms and conditions of this Agreement, the Company hereby agrees to sell to
Shareholder and Shareholder agrees to purchase from the Company                  shares of the Company's Common Stock (the "Shares") at a price of $0.03 per
share, for an aggregate purchase price of
$            (the "Aggregate Price") in cash. 

        1.2    Investment Intent; Capacity to Protect Interests.    Shareholder is purchasing the Shares solely for his or her
own account for investment and not with a view to or for sale in connection with any distribution of the Shares or any portion thereof and not with any present intention of selling, offering to sell,
or otherwise disposing of or distributing the Shares or any portion thereof in any transaction other than a transaction registered under or exempt from registration under the Securities Act of 1933,
as amended (the "Act"). Shareholder also represents that the entire legal and beneficial interest of the Shares is being purchased, and will be held, for Shareholder's account only, and neither in
whole nor in part for any other person. Shareholder, as an officer, director, or employee of the Company, or otherwise, has a pre-existing business or personal relationship with the
Company, and by reason of Shareholder's business or financial experience could be reasonably assumed to have the capacity to evaluate the merits and risks of an investment in the Company and to
protect his or her own interests in connection with this transaction. Shareholder recognizes that the purchase of the Shares involves a high degree of risk. 

2.    Limitation on Transfer.    In addition to any other limitation on transfer created by applicable
securities laws, Shareholder may not assign, encumber, dispose of, or transfer (including transfer by operation of law), any interest in any of the Shares that are still subject to the Repurchase
Option described in Section 3 hereof. 

3.    Repurchase Option.    

        3.1    Service to the Company.    If Shareholder ceases to be an officer, director, or employee of the Company for any
reason, or no reason, with or without cause, ("Service Termination"), then the Company will have an irrevocable, exclusive option for a period of 60 days from the date of Service Termination to
purchase all or any portion of the Shares held by Shareholder (the "Repurchase Option") that have not been released from the Repurchase Option as provided in Section 3.3, in accordance with
Section 3.2. A leave of absence exceeding 60 days will constitute Service Termination unless the Board of Directors determines otherwise. 

        3.2    Price and Procedure.    The purchase price for any Shares purchased pursuant to this Section 3 will be
$0.03 per share, the amount paid by Shareholder for the Shares. The repurchase payment will be paid by the Company in cash. The Repurchase Option may be exercised by written notice to Shareholder.
Upon delivery of such notice and payment of the purchase price, the Company will become the legal and beneficial owner of the Shares being repurchased and all rights and interest therein or related
thereto, and the Company will have the right to transfer to its own name the number of Shares being repurchased without further action by Shareholder. 

        3.3    Release.    The Shares will be released from the Repurchase Option as follows: one quarter of the Shares are
released upon purchase thereof by Shareholder pursuant to Section 1.1; an additional on 

quarter
of the Shares will be released on each of the next three anniversaries of the date of this Agreement. 

4.    Assignment by the Company.    The right of the Company to purchase any part of the Shares may be
assigned in whole or in part to any person or persons designated by the Board of Directors of the Company. 

5.    Termination.    This Agreement will terminate on the earliest date on which none of the Shares remains
subject to the Repurchase Option. 

6.    Transfers in Violation.    The Company will not be required (a) to transfer on its books any
Shares that have been sold or transferred in violation of any of the provisions set forth in this Agreement or (b) to treat as owner of such Shares or to accord the right to vote as such owner
or to pay dividends to any transferee to whom such Shares purport to have been so transferred. 

7.    Section 83(b) Election.    The Shares (the "Restricted Shares") may be subject to an election
under Section 83 of the Internal Revenue Code of 1986, as amended (the "Code"). Shareholder understands that Section 83 of the Code taxes as ordinary income the difference between the
amount paid for the Restricted Shares and the fair market value of the Restricted Shares as of the date any restrictions on the Restricted Shares lapse. In this context, "restriction" means the right
of the Company to buy back the Restricted Shares pursuant to Section 3. Shareholder understands that he or she may elect to be taxed at the time the Restricted Shares are purchased rather than
when and as the Repurchase Option expires by filing an election under Section 83(b) of the Code with the IRS within 30 days from the date of purchase. Even if the fair market value of
the Restricted Shares equals the amount paid for the Restricted Shares, the election must be made to avoid adverse tax consequences in the future. TO BE EFFECTIVE, THE ELECTION MUST BE COMPLETED AND
FILED WITHIN 30 DAYS FROM THE DATE OF PURCHASE. Shareholder understands that failure to make this filing timely will result in the recognition of ordinary income by Shareholder as the Repurchase
Option lapses on the difference between the purchase price and the fair market value of the Restricted Shares at the time such restrictions lapse. SHAREHOLDER ACKNOWLEDGES THAT IT IS SHAREHOLDER'S
SOLE RESPONSIBILITY AND NOT THE COMPANY'S TO FILE TIMELY THE ELECTION UNDER SECTION 83(b), EVEN IF SHAREHOLDER REQUESTS THE COMPANY OR ITS REPRESENTATIVES TO MAKE THIS FILING ON SHAREHOLDER'S BEHALF. 

8.    Escrow.    As security for the faithful performance of the terms of this Agreement and to ensure the
availability for delivery of the Shares upon exercise of the purchase option provided for herein, Shareholder agrees to deliver to and deposit with the Secretary of the Company, or such other person
designated by the Company, as escrow agent, a stock assignment in blank, duly endorsed, with date and number of shares blank, together with a certificate or certificates evidencing the Shares. The
Secretary of the Company, or the Company's designee, will hold the certificates and stock powers in escrow and take all actions to give effect to the transfers and releases in accordance with the
terms of this Agreement. Shareholder acknowledges that the Secretary of the Company (or the Company's designee) is appointed as the escrow agent as a material inducement to make this Agreement and
that the appointment is coupled with an interest and is accordingly irrevocable. Shareholder agrees that the escrow agent will not be liable to any party for any actions or omissions unless the escrow
agent is grossly negligent with respect to any such actions or omissions. The escrow agent may rely upon any letter, notice, or other document executed by any signature purported to be genuine. Upon
notification to the escrow agent by Shareholder and the Company that any Shares have been released in accordance with the provisions of Section 3.3, the escrow agent will deliver to Shareholder
the number of Shares in the escrow agent's possession that have been so released. 

9.    Restricted Securities.    Shareholder understands and acknowledges that the sale of the Shares has not
been registered under the Act or applicable state securities laws, that the Shares must be held indefinitely unless subsequently registered under the Act and applicable state securities laws or unless
an exemption from such registration requirements is available, and that the Company is under no obligation to register the Shares. 

10.    Legends.    All certificates representing any of the Shares will contain the following legends: 

"THE
SECURITIES REPRESENTED BY THIS CERTIFICATE HAVE BEEN ISSUED WITHOUT REGISTRATION UNDER THE SECURITIES ACT OF 1933 (THE "ACT") OR ANY STATE SECURITIES LAWS. THEY MAY NOT BE SOLD, ASSIGNED, PLEDGED
OR OTHERWISE TRANSFERRED FOR VALUE UNLESS THEY ARE REGISTERED UNDER THE ACT AND ANY APPLICABLE STATE SECURITIES LAWS OR THE CORPORATION RECEIVES AN OPINION OF COUNSEL SATISFACTORY TO IT, OR OTHERWISE
SATISFIES ITSELF, THAT REGISTRATION IS NOT REQUIRED." 

"THE
SHARES REPRESENTED BY THIS CERTIFICATE ARE SUBJECT TO CERTAIN RESTRICTIONS UPON TRANSFER AND RIGHTS OF REPURCHASE AS SET FORTH IN A RESTRICTED STOCK PURCHASE AGREEMENT BETWEEN THE CORPORATION AND
THE REGISTERED HOLDER, COPIES OF EACH OF WHICH ARE ON FILE AT THE PRINCIPAL OFFICE OF THE CORPORATION." 

11.    No Employment Agreement; No Disclosure Duty.    Nothing in this Agreement will affect in any manner
whatsoever the right or power of the Company, or a parent or subsidiary of the Company, to terminate Shareholder's service as an officer, director, or employee of the Company, for any reason, with or
without cause. Shareholder acknowledges and agrees that the Company will have no duty or obligation to affirmatively disclose to Shareholder, and Shareholder will have no right to be advised of, any
material information regarding the Company at any time before, upon, or in connection with the exercise of the purchase option by the Company. 

12.    Enforcement.    Each of the Company and Shareholder acknowledges that the other party will suffer
irreparable harm if either party fails to comply with this Agreement, and that monetary damages will be inadequate to compensate the parties for such failure. Accordingly, the parties agree that this
Agreement may be enforced by specific performance or other injunctive relief, in addition to any other remedies available at law or in equity. 

13.    Miscellaneous.    

        13.1    Governing Law.    This Agreement will be governed by, and will be construed and enforced in accordance with,
the laws of the state of Delaware. 

        13.2    Amendment; Waiver.    This Agreement may be amended only by the written consent of the Company and
Shareholder. No waiver of any provision of this Agreement will be effective unless in writing and signed by the waiving party. 

        13.3    Assignment.    The rights and benefits of this Agreement will inure to the benefit of and be enforceable by
the Company and its respective successors and assigns. The rights and obligations of Shareholder under this Agreement may not be assigned without the prior written consent of the Company. 

        13.4    Attorneys' Fees.    If suit or action is filed by any party to enforce this Agreement or otherwise with
respect to the subject matter of this Agreement, the prevailing party will be entitled to recover reasonable attorneys' fees and expenses incurred in preparation for and prosecution of such suit or
action at trial, on appeal, and in connection with any petition for review. 

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

	COMPANY	 	 
	

By:	

 	
 	

 
	 	
 Johan Liedgren, Chairman	 	 
	

SHAREHOLDER	
 	

 
	

 Print Name	
 	

 
	

CONSENT OF SPOUSE	
 	

 
	

The undersigned spouse of Shareholder has read and hereby approves the foregoing Agreement. The undersigned hereby agrees to be irrevocably bound by the Agreement and further agrees that any community interest will be similarly bound by the
Agreement. I hereby appoint my spouse as my attorney-in-fact with respect to any amendment or exercise of any rights under the Agreement.
	

 Spouse of Shareholder	
 	

 

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Exhibit 10.7

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Exhibit 10.8    
    

 
 

Syngence Corporation
  2007 STOCK INCENTIVE PLAN    
    

        1.    Purpose.    The purpose of this 2007 Stock Incentive Plan (the "Plan") is to enable
Syngence Corporation (the "Company") to attract and retain the services of (i) selected employees, officers and directors of the Company or any parent or subsidiary of the Company and
(ii) selected nonemployee agents, consultants, advisers and independent contractors of the Company or any parent or subsidiary of the Company. For purposes of this Plan, a person is considered
to be employed by or in the service of the Company if the person is employed by or in the service of any entity (the "Employer") that is either the Company or a parent or subsidiary of the Company. 

        2.    Shares Subject to the Plan.    Subject to adjustment as provided below and in
Section 11, the shares to be offered under the Plan shall consist of Common Stock of the Company, and the total number of shares of Common Stock that may be issued under the Plan shall be
600,000 shares. If an option or Performance-Based Award granted under the Plan expires, terminates or is canceled, the unissued shares subject to that option or Performance-Based Award shall again be
available under the Plan. If shares awarded as a bonus pursuant to Section 8 or sold pursuant to Section 9 under the Plan are forfeited to or repurchased by the Company, the number of
shares forfeited or repurchased shall again be available under the Plan. 

        3.     Subject
to adjustment as provided below and in Section 11, the shares to be offered under the Plan shall consist of Common Stock of the Company, and the total
number of shares of Common Stock that may be issued under the Plan shall be (a) 600,000 shares plus (b) an annual increase on the first day of each fiscal beginning with the year 2008
equal to the lesser of (i) 60,000 shares of Common Stock, (ii) 3% of the shares of Common Stock outstanding on the last day of the Company's immediately preceding fiscal year, or
(iii) a lesser amount determined by the Board of Directors; provided, however, that the total number of shares issued under the Plan shall not exceed 1,000,000 shares. 

        4.     Effective
Date and Duration of Plan. 

        4.1    Effective Date.    The Plan shall become effective as of May, 17, 2007. No Incentive
Stock Option (as defined in Section 6 below) granted under the Plan shall become exercisable and no payments shall be made under a Performance-Based Award, however, until the Plan is approved
by the affirmative vote of the holders of a majority of the shares of Common Stock represented at a shareholders meeting at which a quorum is present or by means of unanimous consent resolutions, and
the exercise of any Incentive Stock Options granted under the Plan before approval shall be conditioned on and subject to that approval. Subject to this limitation, options and Performance-Based
Awards may be granted and shares may be awarded as bonuses or sold under the Plan at any time after the effective date and before termination of the Plan. 

        4.2    Duration.    The Plan shall continue in effect until all shares available for issuance
under the Plan have been issued and all restrictions on the shares have lapsed. The Board of Directors may suspend or terminate the Plan at any time except with respect to options, Performance-Based
Awards and shares subject to restrictions then outstanding under the Plan. Termination shall not affect any outstanding options, any outstanding Performance-Based Awards or any right of the Company to
repurchase shares or the forfeitability of shares issued under the Plan. 

        5.    Administration.    

        5.1    Board of Directors.    The Plan shall be administered by the Board of Directors of the
Company, which shall determine and designate the individuals to whom awards shall be made, the amount of the awards and the other terms and conditions of the awards. Subject to the provisions of the
Plan, the Board of Directors may adopt and amend rules and regulations relating to administration of the Plan, advance the lapse of any waiting period, accelerate any exercise date, 

 

waive
or modify any restriction applicable to shares (except those restrictions imposed by law) and make all other determinations in the judgment of the Board of Directors necessary or desirable for
the administration of the Plan. The interpretation and construction of the provisions of the Plan and related agreements by the Board of Directors shall be final and conclusive. The Board of Directors
may correct any defect or supply any omission or reconcile any inconsistency in the Plan or in any related agreement in the manner and to the extent it deems expedient to carry the Plan into effect,
and the Board of Directors shall be the sole and final judge of such expediency. 

        5.2    Committee.    The Board of Directors may delegate to any committee of the Board of
Directors (the "Committee") any or all authority for administration of the Plan. If authority is delegated to the
Committee, all references to the Board of Directors in the Plan shall mean and relate to the Committee, except (i) as otherwise provided by the Board of Directors and (ii) that only the
Board of Directors may amend or terminate the Plan as provided in Sections 4 and 12. 

        6.    Types of Awards, Eligibility, Limitations.    The Board of Directors may, from time to
time, take the following actions, separately or in combination, under the Plan: (i) grant Incentive Stock Options, as defined in Section 422 of the Internal Revenue Code of 1986, as
amended (the "Code"), as provided in Sections 7.1 and 7.2; (ii) grant options other than Incentive Stock Options ("Non-Statutory Stock Options") as provided in Sections 7.1 and 7.3;
(iii) award stock bonuses as provided in Section 8; (iv) sell shares subject to restrictions as provided in Section 9; and (v) award Performance-Based Awards as
provided in Section 10. Awards may be made to employees, including employees who are officers or directors, and to other individuals described in Section 1 selected by the Board of
Directors; provided, however, that only employees of the Company or any parent or subsidiary of the Company (as defined in subSections 424(e) and 424(f) of the Code) are eligible to receive Incentive
Stock Options under the Plan. The Board of Directors shall select the individuals to whom awards shall be made and shall specify the action taken with respect to each individual to whom an award is
made. At the discretion of the Board of Directors, an individual may be given an election to surrender an award in exchange for the grant of a new award. No employee may be granted options for more
than an aggregate of 10,000 shares of Common Stock in the calendar year in which the employee is hired or 5,000 shares of Common Stock in any other calendar year. 

        7.    Option Grants.    

        7.1    General Rules Relating to Options.    

        7.1-1    Terms of Grant.    The Board of Directors may grant options under the
Plan. With respect to each option grant, the Board of Directors shall determine the number of shares subject to the option, the exercise price, the period of the option, the time or times at which the
option may be exercised and whether the option is an Incentive Stock Option or a Non-Statutory Stock Option. At the time of the grant of an option or at any time thereafter, the Board of
Directors may provide that an optionee who exercised an option with Common Stock of the Company shall automatically receive a new option to purchase additional shares equal to the number of shares
surrendered and may specify the terms and conditions of such new options. 

        7.1-2    Exercise of Options.    Except as provided in
Section 7.1-4 or as determined by the Board of Directors, no option granted under the Plan may be exercised unless at the time of exercise the optionee is employed by or in the
service of the Company and shall have been so employed or provided such service continuously since the date the option was granted. Except as provided in Sections 7.1-4 and 11, options
granted under the Plan may be exercised from time to time over the period stated in each option in amounts and at times prescribed by the Board of Directors, provided that options may not be exercised
for fractional shares. Unless otherwise determined by the Board of Directors, if an optionee does not exercise an option in any one year for the full number of shares to which the optionee is entitled
in that year, the 

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optionee's
rights shall be cumulative and the optionee may purchase those shares in any subsequent year during the term of the option. 

        7.1-3    Nontransferability.    Each Incentive Stock Option and, unless otherwise
determined by the Board of Directors, each other option granted under the Plan by its terms (i) shall be nonassignable and nontransferable by the optionee, either voluntarily or by operation of
law, except by will or by the laws of descent and distribution of the state or country of the optionee's domicile at the time of death, and (ii) during the optionee's lifetime, shall be
exercisable only by the optionee. 

        7.1-4    Termination of Employment or Service.    

        7.1-4(a)    General Rule.    Unless otherwise determined by the Board of
Directors, if an optionee's employment or service with the Company terminates for any reason other than because of total disability or death as provided in Sections 7.1-4(b) and (c), his
or her option may be exercised at any time before the expiration date of the option or the expiration of 30 days after the date of termination, whichever is the shorter period, but only if and
to the extent the optionee was entitled to exercise the option at the date of termination. 

        7.1-4(b)    Termination Because of Total Disability.    Unless otherwise
determined by the Board of Directors, if an optionee's employment or service with the Company terminates because of total disability, his or her option may be exercised at any time before the
expiration date of the option or before the date 12 months after the date of termination, whichever is the shorter period, but only if and to the extent the optionee was entitled to exercise
the option at the date of termination. The term "total disability" means a medically determinable mental or physical impairment that is expected to result in death or has lasted or is expected to last
for a continuous period of 12 months or more and that, in the opinion of the Company and two independent physicians, causes the optionee to be unable to perform his or her duties as an
employee, director, officer or consultant of the Employer and unable to be engaged in any substantial gainful activity. Total disability shall be deemed to have occurred on the first day after the two
independent physicians have furnished their written opinion of total disability to the Company and the Company has reached an opinion of total disability. 

        7.1-4(c)    Termination Because of Death.    Unless otherwise determined by the
Board of Directors, if an optionee dies while employed by or providing service to the Company, his or her option may be exercised at any time before the expiration date of the option or before the
date 12 months after the date of death, whichever is the shorter period, but only if and to the extent the optionee was entitled to exercise the option at the date of death and only by the
person or persons to whom the optionee's rights under the option shall pass by the optionee's will or by the laws of descent and distribution of the state or country of domicile at the time of death. 

        7.1-4(d)    Amendment of Exercise Period Applicable to Termination.    The Board
of Directors may at any time extend the 30-day and 12-month exercise periods any length of time not longer than the original expiration date of the option. The Board of
Directors may at any time increase the portion of an option that is exercisable, subject to terms and conditions determined by the Board of Directors. 

        7.1-4(e)    Failure to Exercise Option.    To the extent that the option of any
deceased optionee or any optionee whose employment or service terminates is not exercised within the applicable period, all further rights to purchase shares pursuant to the option shall cease and
terminate. 

3

 

        7.1-4(f)    Leave of Absence.    Absence on leave approved by the Employer or on
account of illness or disability shall not be deemed a termination or interruption of employment or service. Unless otherwise determined by the Board of Directors, vesting of options shall continue
during a medical, family or military leave of absence, whether paid or unpaid, and vesting of options shall be suspended during any other unpaid leave of absence. 

        7.1-5    Purchase of Shares.    

        7.1-5(a)    Notice of Exercise.    Unless the Board of Directors determines
otherwise, shares may be acquired pursuant to an option granted under the Plan only upon the Company's receipt of written notice from the optionee of the optionee's binding commitment to purchase
shares, specifying the number of shares the optionee desires to purchase under the option and the date on which the optionee agrees to complete the transaction, and, if required to comply with the
Securities Act of 1933, containing a representation that it is the optionee's intention to acquire the shares for investment and not with a view to distribution. 

        7.1-5(b)    Payment.    Unless the Board of Directors determines otherwise, on or
before the date specified for completion of the purchase of shares pursuant to an option exercise, the optionee must pay the Company the full purchase price of those shares in cash or by check or,
with the consent of the Board of Directors, in whole or in part, in Common Stock of the Company valued at fair market value, restricted stock or other contingent awards denominated in either stock or
cash, promissory notes and other forms of consideration. Unless otherwise determined by the Board of Directors, any Common Stock provided in payment of the purchase price must have been previously
acquired and held by the optionee for at least six months. The fair market value of Common Stock provided in payment of the purchase price shall be the closing price of the Common Stock last reported
before the time payment in Common Stock is made or, if earlier, committed to be made, if the Common Stock is publicly traded, or another value of the Common Stock as specified by the Board of
Directors. No shares shall be issued until full payment for the shares has been made, including all amounts owed for tax withholding. With the consent of the Board of Directors, an optionee may
request the Company to apply automatically the shares to be received upon the exercise of a portion of a stock option (even though stock certificates have not yet been issued) to satisfy the purchase
price for additional portions of the option. 

        7.1-5(c)    Tax Withholding.    Each optionee who has exercised an option shall,
immediately upon notification of the amount due, if any, pay to the Company in cash or by check amounts necessary to satisfy any applicable federal, state and local tax withholding requirements. If
additional withholding is or becomes required (as a result of exercise of an option or as a result of disposition of shares acquired pursuant to exercise of an option) beyond any amount deposited
before delivery of the certificates, the optionee shall pay such amount, in cash or by check, to the Company on demand. If the optionee fails to pay the amount demanded, the Company or the Employer
may withhold that amount from other amounts payable to the optionee, including salary, subject to applicable law. With the consent of the Board of Directors, an optionee may satisfy this obligation,
in whole or in part, by instructing the Company to withhold from the shares to be issued upon exercise or by delivering to the Company other shares of Common Stock; provided, however, that the number
of shares so withheld or delivered shall not exceed the minimum amount necessary to satisfy the required withholding obligation. 

4

 

        7.1-5(d)    Reduction of Reserved Shares.    Upon the exercise of an option, the
number of shares reserved for issuance under the Plan shall be reduced by the number of shares issued upon exercise of the option (less the number of any shares surrendered in payment for the exercise
price or withheld to satisfy withholding requirements). 

        7.1-6    Limitations on Grants to Non-Exempt Employees.    Unless
otherwise determined by the Board of Directors, if an employee of the Company or any parent or subsidiary of the Company is a non-exempt employee subject to the overtime compensation
provisions of Section 7 of the Fair Labor Standards Act (the "FLSA"), any option granted to that employee shall be subject to the following restrictions: (i) the option price shall be at
least 85 percent of the fair market value, as described in Section 7.2-4, of the Common Stock subject to the option on the date it is granted; and (ii) the option
shall not be exercisable until at least six months after the date it is
granted; provided, however, that this six-month restriction on exercisability will cease to apply if the employee dies, becomes disabled or retires, there is a change in ownership of the
Company, or in other circumstances permitted by regulation, all as prescribed in Section 7(e)(8)(B) of the FLSA. 

        7.2    Incentive Stock Options.    Incentive Stock Options shall be subject to the following
additional terms and conditions: 

        7.2-1    Limitation on Amount of Grants.    If the aggregate fair market value of
stock (determined as of the date the option is granted) for which Incentive Stock Options granted under this Plan (and any other stock incentive plan of the Company or its parent or subsidiary
corporations, as defined in subSections 424(e) and 424(f) of the Code) are exercisable for the first time by an employee during any calendar year exceeds $100,000, the portion of the option or options
not exceeding $100,000, to the extent of whole shares, will be treated as an Incentive Stock Option and the remaining portion of the option or options will be treated as a Non-Statutory
Stock Option. The preceding sentence will be applied by taking options into account in the order in which they were granted. If, under the $100,000 limitation, a portion of an option is treated as an
Incentive Stock Option and the remaining portion of the option is treated as a Non-Statutory Stock Option, unless the optionee designates otherwise at the time of exercise, the optionee's
exercise of all or a portion of the option will be treated as the exercise of the Incentive Stock Option portion of the option to the full extent permitted under the $100,000 limitation. If an
optionee exercises an option that is treated as in part an Incentive Stock Option and in part a Non-Statutory Stock Option, the Company will designate the portion of the stock
acquired pursuant to the exercise of the Incentive Stock Option portion as Incentive Stock Option stock by issuing a separate certificate for that portion of the stock and identifying the certificate
as Incentive Stock Option stock in its stock records. 

        7.2-2    Limitations on Grants to 10 percent Shareholders.    An Incentive
Stock Option may be granted under the Plan to an employee possessing more than 10 percent of the total combined voting power of all classes of stock of the Company or any parent or subsidiary
(as defined in subSections 424(e) and 424(f) of the Code) only if the option price is at least 110 percent of the fair market value, as described in Section 7.2-4, of the
Common Stock subject to the option on the date it is granted and the option by its terms is not exercisable after the expiration of five years from the date it is granted. 

        7.2-3    Duration of Options.    Subject to Sections 7.1-2,
7.1-4 and 7.2-2, Incentive Stock Options granted under the Plan shall continue in effect for the period fixed by the Board of Directors, except that by its terms no Incentive
Stock Option shall be exercisable after the expiration of 10 years from the date it is granted. 

        7.2-4    Option Price.    The option price per share shall be determined by the
Board of Directors at the time of grant. Except as provided in Section 7.2-2, the option price shall not 

5

 

be
less than 100 percent of the fair market value of the Common Stock covered by the Incentive Stock Option at the date the option is granted. The fair market value shall be the closing price
of the Common Stock last reported before the time the option is granted, if the stock is publicly traded, or another value of the Common Stock as specified by the Board of Directors. 

        7.2-5    Limitation on Time of Grant.    No Incentive Stock Option shall be
granted on or after the tenth anniversary of the last action by the Board of Directors adopting the Plan or approving an increase in the number of shares available for issuance under the Plan, which
action was subsequently approved within 12 months by the shareholders. 

        7.2-6    Early Dispositions.    If within two years after an Incentive Stock
Option is granted or within 12 months after an Incentive Stock Option is exercised, the optionee sells or otherwise disposes of Common Stock acquired on exercise of the Option, the optionee
shall within 30 days of the sale or disposition notify the Company in writing of (i) the date of the sale or disposition, (ii) the amount realized on the sale or disposition and
(iii) the nature of the disposition (e.g., sale, gift, etc.). 

        7.3    Non-Statutory Stock Options.    Non-Statutory Stock Options
shall be subject to the following terms and conditions, in addition to those set forth in Section 7.1 above: 

        7.3-1    Option Price.    The option price for Non-Statutory Stock
Options shall be determined by the Board of Directors at the time of grant and may be any amount determined by the Board of Directors. 

        7.3-2    Duration of Options.    Non-Statutory Stock Options granted
under the Plan shall continue in effect for the period fixed by the Board of Directors. 

        8.    Stock Bonuses.    The Board of Directors may award shares under the Plan as stock
bonuses. Shares awarded as a bonus shall be subject to the terms, conditions and restrictions determined by the Board of Directors. The restrictions may include restrictions concerning transferability
and forfeiture of the shares awarded, together with any other restrictions determined by the Board of Directors. The Board of Directors may require the recipient to sign an agreement as a condition of
the award, but may not require the recipient to pay any monetary consideration other than amounts necessary to satisfy tax withholding requirements. The agreement may contain any terms, conditions,
restrictions, representations and warranties required by the Board of Directors. The certificates representing the
shares awarded shall bear any legends required by the Board of Directors. The Company may require any recipient of a stock bonus to pay to the Company in cash or by check upon demand amounts necessary
to satisfy any applicable federal, state or local tax withholding requirements. If the recipient fails to pay the amount demanded, the Company or the Employer may withhold that amount from other
amounts payable to the recipient, including salary, subject to applicable law. With the consent of the Board of Directors, a recipient may satisfy this obligation, in whole or in part, by instructing
the Company to withhold from any shares to be issued or by delivering to the Company other shares of Common Stock; provided, however, that the number of shares so withheld or delivered shall not
exceed the minimum amount necessary to satisfy the required withholding obligation. Upon the issuance of a stock bonus, the number of shares reserved for issuance under the Plan shall be reduced by
the number of shares issued, less the number of shares withheld or delivered to satisfy withholding obligations. 

        9.    Restricted Stock.    The Board of Directors may issue shares under the Plan for any
consideration (including promissory notes and services) determined by the Board of Directors. Shares issued under the Plan shall be subject to the terms, conditions and restrictions determined by the
Board of Directors. The restrictions may include restrictions concerning transferability, repurchase by the Company and forfeiture of the shares issued, together with any other restrictions determined
by the Board of Directors. All Common Stock issued pursuant to this Section 9 shall be subject to a purchase 

6

 

agreement,
which shall be executed by the Company and the prospective purchaser of the shares before the delivery of certificates representing the shares to the purchaser. The purchase agreement may
contain any terms, conditions, restrictions, representations and warranties required by the Board of Directors. The certificates representing the shares shall bear any legends required by the Board of
Directors. The Company may require any purchaser of restricted stock to pay to the Company in cash or by check upon demand amounts necessary to satisfy any applicable federal, state or local tax
withholding requirements. If the purchaser fails to pay the amount demanded, the Company or the Employer may withhold that amount from other amounts payable to the purchaser, including salary, subject
to applicable law. With the consent of the Board of Directors, a purchaser may satisfy this obligation, in whole or in part, by instructing the Company to withhold from any shares to be issued or by
delivering to the Company other shares of Common Stock; provided, however, that the number of shares so withheld or delivered shall not exceed the minimum amount necessary to satisfy the required
withholding obligation. Upon the issuance of restricted stock, the number of shares reserved for issuance under the Plan shall be reduced by the number of shares issued, less the number of shares
withheld or delivered to satisfy withholding obligations. 

        10.    Performance-Based Awards.    The Board of Directors may grant awards intended to
qualify as qualified performance-based compensation under Section 162(m) of the Code and the regulations thereunder ("Performance-Based Awards"). Performance-Based Awards shall be denominated
at the time of grant either in Common Stock ("Stock Performance Awards") or in dollar amounts ("Dollar Performance Awards"). Payment under a Stock Performance Award or a Dollar Performance Award shall
be made, at the discretion of the Board of Directors, in Common Stock ("Performance Shares"), or in cash or in any combination thereof. Performance-Based Awards shall be subject to the following terms
and conditions: 

        10.1    Award Period.    The Board of Directors shall determine the period of time for which a
Performance-Based Award is made (the "Award Period"). 

        10.2    Performance Goals and Payment.    The Board of Directors shall establish in writing
objectives ("Performance Goals") that must be met by the Company or any subsidiary, division or other unit of the Company ("Business Unit") during the Award Period as a condition to payment being made
under the Performance-Based Award. The Performance Goals for each award shall be one or more targeted levels of performance with respect to one or more of the following objective measures with respect
to the Company or any Business Unit: earnings, earnings per share, stock price increase, total shareholder return (stock price increase plus dividends), return on equity, return on assets, return on
capital, economic value added, revenues, operating income, inventories, inventory turns, cash flows or any of the foregoing before the effect of acquisitions, divestitures, accounting changes, and
restructuring and special charges (determined according to criteria established by the Board of Directors). The Board of Directors shall also establish the number of Performance Shares or the amount
of cash payment to be made under a Performance-Based Award if the Performance Goals are met or exceeded, including the fixing of a maximum payment (subject to Section 10.4). The Board of
Directors may establish other restrictions to payment under a Performance-Based Award, such as a continued employment requirement, in addition to satisfaction of the Performance Goals. Some or all of
the Performance Shares may be issued at the time of the award as restricted shares subject to forfeiture in whole or in part if Performance Goals or, if applicable, other restrictions are not
satisfied. 

        10.3    Computation of Payment.    During or after an Award Period, the performance of the
Company or Business Unit, as applicable, during the period shall be measured against the Performance Goals. If the Performance Goals are not met, no payment shall be made under a Performance-Based
Award. If the Performance Goals are met or exceeded, the Board of Directors shall certify that fact in writing and certify the number of Performance Shares earned or the amount of cash payment to be
made under the terms of the Performance-Based Award. 

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        10.4    Maximum Awards.    No participant may receive in any fiscal year Stock Performance
Awards under which the aggregate amount payable under the Awards exceeds the equivalent of 50,000 shares of Common Stock or Dollar Performance Awards under which the aggregate amount payable under the
Awards exceeds $50,000. 

        10.5    Tax Withholding.    Each participant who has received Performance Shares shall, upon
notification of the amount due, pay to the Company in cash or by check amounts necessary to satisfy any applicable federal, state and local tax withholding requirements. If the participant fails to
pay the amount demanded, the Company or the Employer may withhold that amount from other amounts payable to the participant, including salary, subject to applicable law. With the consent of the Board
of Directors, a participant may satisfy this obligation, in whole or in part, by instructing the Company to withhold from any shares to be issued or by delivering to the Company other shares of Common
Stock;
provided, however, that the number of shares so delivered or withheld shall not exceed the minimum amount necessary to satisfy the required withholding obligation. 

        10.6    Effect on Shares Available.    The payment of a Performance-Based Award in cash shall
not reduce the number of shares of Common Stock reserved for issuance under the Plan. The number of shares of Common Stock reserved for issuance under the Plan shall be reduced by the number of shares
issued upon payment of an award, less the number of shares delivered or withheld to satisfy withholding obligations. 

        11.    Changes in Capital Structure.    

        11.1    Stock Splits, Stock Dividends.    If the outstanding Common Stock of the Company is
hereafter increased or decreased or changed into or exchanged for a different number or kind of shares or other securities of the Company by reason of any stock split, combination of shares, dividend
payable in shares, recapitalization or reclassification, appropriate adjustment shall be made by the Board of Directors in the number and kind of shares available for grants under the Plan and in all
other share amounts set forth in the Plan. In addition, the Board of Directors shall make appropriate adjustment in the number and kind of shares as to which outstanding options, or portions thereof
then unexercised, shall be exercisable, so that the optionee's proportionate interest before and after the occurrence of the event is maintained. Notwithstanding the foregoing, the Board of Directors
shall have no obligation to effect any adjustment that would or might result in the issuance of fractional shares, and any fractional shares resulting from any adjustment may be disregarded or
provided for in any manner determined by the Board of Directors. Any such adjustments made by the Board of Directors shall be conclusive. 

        11.2    Mergers, Reorganizations, Etc.    In the event of a merger, consolidation, plan of
exchange, acquisition of property or stock, split-up, split-off, spin-off, reorganization or liquidation to which the Company is a party or any sale, lease,
exchange or other transfer (in one transaction or a series of related transactions) of all, or substantially all, of the assets of the Company (each, a "Transaction"), the Board of Directors shall, in
its sole discretion and to the extent possible under the structure of the Transaction, select one of the following alternatives for treating outstanding options under the Plan: 

        11.2-1 Outstanding
options shall remain in effect in accordance with their terms. 

        11.2-2 Outstanding
options shall be converted into options to purchase stock in one or more of the corporations, including the Company, that are the surviving or
acquiring corporations in the Transaction. The amount, type of securities subject thereto and exercise price of the converted options shall be determined by the Board of Directors of the Company,
taking into account the relative values of the companies involved in the Transaction and the exchange rate, if any, used in determining shares of the surviving corporation(s) to be held by 

8

 

holders
of shares of the Company following the Transaction. Unless otherwise determined by the Board of Directors, the converted options shall be vested only to the extent that the vesting
requirements relating to options granted hereunder have been satisfied. 

        11.2-3 The
Board of Directors shall provide a period of 30 days or less before the completion of the Transaction during which outstanding options may be
exercised to the extent then exercisable, and upon the expiration of that period, all unexercised options shall immediately terminate. The Board of Directors may, in its sole discretion, accelerate
the exercisability of options so that they are exercisable in full during that period. 

        11.3    Dissolution of the Company.    In the event of the dissolution of the Company, options
shall be treated in accordance with Section 11.2-3. 

        11.4    Rights Issued by Another Corporation.    The Board of Directors may also grant options
and stock bonuses and Performance-Based Awards and issue restricted stock under the Plan with terms, conditions and provisions that vary from those specified in the Plan, provided that any such awards
are granted in substitution for, or in connection with the assumption of, existing options, stock bonuses, Performance-Based Awards and restricted stock granted, awarded or issued by another
corporation and assumed or otherwise agreed to be provided for by the Company pursuant to or by reason of a Transaction. 

        12.    Amendment of the Plan.    The Board of Directors may at any time modify or amend the
Plan in any respect. Except as provided in Section 11, however, no change in an award already granted shall be made without the written consent of the holder of the award if the change would
adversely affect the holder. 

        13.    Approvals.    The Company's obligations under the Plan are subject to the approval of
state and federal authorities or agencies with jurisdiction in the matter. The Company will use its best efforts to take steps required by state or federal law or applicable regulations, including
rules and regulations of the Securities and Exchange Commission and any stock exchange on which the Company's shares may then be listed, in connection with the grants under the Plan. The foregoing
notwithstanding, the Company shall not be obligated to issue or deliver Common Stock under the Plan if such issuance or delivery would violate state or federal securities laws. 

        14.    Employment and Service Rights.    Nothing in the Plan or any award pursuant to the Plan
shall (i) confer upon any employee any right to be continued in the employment of an Employer or interfere in any way with the Employer's right to terminate the employee's employment at will at
any time, for any reason, with or without cause, or to decrease the employee's compensation or benefits, or (ii) confer upon any person engaged by an Employer any right to be retained or
employed by the Employer or to the continuation, extension, renewal or modification of any compensation, contract or arrangement with or by the Employer. 

        15.    Rights as a Shareholder.    The recipient of any award under the Plan shall have no
rights as a shareholder with respect to any shares of Common Stock until the date the recipient becomes the holder of record of those shares. Except as otherwise expressly provided in the Plan, no
adjustment shall be made for dividends or other rights for which the record date occurs before the date the recipient becomes the holder of record. 

Adopted:
May 17, 2007 

9

QuickLinks

Exhibit 10.8

Syngence Corporation 2007 STOCK INCENTIVE PLAN

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