Document:

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                                                                    Exhibit 4.54

                          REGISTRATION RIGHTS AGREEMENT

      This REGISTRATION RIGHTS AGREEMENT (the "Agreement") is made and entered
into as of the 17th day of February, 2006, by and among VERSO TECHNOLOGIES,
INC., a Minnesota corporation (the "Company"), and each of the shareholders
listed on the signature pages hereto (each a "Shareholder" and, collectively,
the "Shareholders").

      IN CONSIDERATION of the mutual promises and covenants set forth herein,
and intending to be legally bound, the parties hereto hereby agree as follows:

1. RESTRICTIONS ON TRANSFERABILITY OF SECURITIES; REGISTRATION RIGHTS.

      1.1 CERTAIN DEFINITIONS. As used in this Agreement, the following terms
shall have the meanings set forth below:

            (a) "Common Stock" shall mean the Company's common stock, $.01 par
value per share.

            (b) "Exchange Act" shall mean the Securities Exchange Act of 1934,
as amended.

            (c) "Filing Deadline" shall mean April 18, 2006.

            (d) "Holder" shall mean any Shareholder who holds Registrable
Securities and any holder of Registrable Securities to whom the rights conferred
by this Agreement have been transferred in compliance with Section 1.2 hereof.

            (e) "Other Shareholders" shall mean persons who, by virtue of
agreements with the Company other than this Agreement, are entitled to include
their securities in certain registrations hereunder.

            (f) "Registrable Securities" shall mean the shares of Common Stock
held by the Shareholders listed on the signature pages hereto in the amount set
forth thereon, the Warrants held by the Shareholders listed on the signature
pages hereto and any shares of Common Stock that such Shareholder has the right
to acquire, or does acquire, upon the exercise of the Warrants or, in either
case, their permitted transferees, provided that a Registrable Security ceases
to be a Registrable Security when (i) it is registered under the Securities Act;
(ii) it is sold or transferred in accordance with the requirements of Rule 144
(or similar provisions then in effect) promulgated by the SEC under the
Securities Act ("Rule 144"); (iii) it is eligible to be sold or transferred
under Rule 144 without holding period or

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volume limitations; or (iv) it is sold in a private transaction in which the
transferor's rights under this Agreement are not assigned.

            (g) The terms "register," "registered" and "registration" shall
refer to a registration effected by preparing and filing a registration
statement in compliance with the Securities Act and applicable rules and
regulations thereunder and the declaration or ordering of the effectiveness of
such registration statement.

            (h) "Registration Expenses" shall mean all expenses incurred in
effecting any registration pursuant to this Agreement, including, without
limitation, all registration, qualification, and filing fees, printing expenses,
escrow fees, fees and disbursements of counsel for the Company and one counsel
selected to represent the Holders, which counsel shall be reasonably
satisfactory to the Company, blue sky fees and expenses, and expenses of any
regular or special audits incident to or required by any such registration, but
shall not include (i) Selling Expenses; (ii) the compensation of regular
employees of the Company, which shall be paid in any event by the Company; and
(iii) blue sky fees and expenses incurred in connection with the registration or
qualification of any Registrable Securities in any state, province or other
jurisdiction in a registration pursuant to Section 1.3 hereof to the extent that
the Company shall otherwise be making no offers or sales in such state, province
or other jurisdiction in connection with such registration.

            (i) "Restricted Securities" shall mean any Registrable Securities
required to bear the legend set forth in Section 1.2(c) hereof.

            (j) "Rule 145" shall mean Rule 145 as promulgated by the SEC under
the Securities Act, as such Rule may be amended from time to time, or any
similar successor rule that may be promulgated by the SEC.

            (k) "SEC" shall mean the Securities and Exchange Commission.

            (l) "Securities Act" shall mean the Securities Act of 1933, as
amended.

            (m) "Selling Expenses" shall mean all underwriting discounts,
selling commissions and stock transfer taxes applicable to the sale of
Registrable Securities.

            (n) "Warrantholder" shall mean any holder of a Warrant.

            (o) "Warrant Shares" shall mean the shares of Common Stock issuable
by the Company upon exercise of the Warrants.

            (p) "Warrants" shall mean the warrants to purchase shares of Common
Stock at an exercise price of $1.56 per share issued in connection with the
Company's February 2006 private equity financing.

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      1.2 RESTRICTIONS ON TRANSFER.

            (a) Each Holder agrees not to make any disposition of all or any
portion of the Registrable Securities unless and until (i) there is then in
effect a registration statement under the Securities Act covering such proposed
disposition and such disposition is made in accordance with such registration
statement; or (ii) (A) such Holder shall have notified the Company of the
proposed disposition and shall have furnished the Company with a detailed
statement of the circumstances surrounding the proposed disposition and (B) if
reasonably requested by the Company, such Holder shall have furnished the
Company with an opinion of counsel, reasonably satisfactory to the Company, that
such disposition will not require registration of such shares under the
Securities Act.

            (b) Notwithstanding the provisions of subparagraphs (i) and (ii) of
paragraph (a) above, no such registration statement or opinion of counsel shall
be necessary for a transfer by a Holder which is (i) a partnership to its
partners in accordance with their partnership interests; (ii) a limited
liability company to its members in accordance with their member interests; or
(iii) to the Holder's family member or a trust for the benefit of an individual
Holder or one or more of his family members, provided that the transferee will
be subject to the terms of this Section 1.2 to the same extent as if it were an
original Holder hereunder.

            (c) Each certificate representing Registrable Securities shall
(unless otherwise permitted by the provisions of this Agreement) be stamped or
otherwise imprinted with a legend substantially similar to the following (in
addition to any legend required under applicable state securities laws):

      THE SECURITIES REPRESENTED BY THIS CERTIFICATE HAVE NOT BEEN REGISTERED
UNDER THE SECURITIES ACT OF 1933, AS AMENDED, OR UNDER ANY APPLICABLE STATE
SECURITIES LAWS, AND MAY NOT BE SOLD OR OFFERED FOR SALE OR OTHERWISE
TRANSFERRED EXCEPT PURSUANT TO AN EFFECTIVE REGISTRATION STATEMENT UNDER SAID
ACT AND ANY APPLICABLE STATE SECURITIES LAWS OR AN OPINION OF COUNSEL REASONABLY
SATISFACTORY TO THE ISSUER THAT SUCH REGISTRATION IS NOT REQUIRED.

            (d) The Company shall be obligated to promptly reissue unlegended
certificates at the request of any Holder thereof if the Holder shall have
obtained an opinion of counsel (which counsel may be counsel to the Company)
reasonably acceptable to the Company to the effect that the securities proposed
to be disposed of may lawfully be so disposed of in compliance with the
Securities Act without registration, qualification or legend.

            (e) Any legend endorsed on an instrument pursuant to applicable
state securities laws and the stop-transfer instructions with respect to such
securities shall be removed upon receipt by the Company of an order of the
appropriate blue sky authority

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authorizing such removal or if the Holder shall request such removal and shall
have obtained and delivered to the Company an opinion of counsel reasonably
acceptable to the Company to the effect that such legend and/or stop-transfer
instructions are no longer required pursuant to applicable state securities
laws.

      1.3 REGISTRATION.

            (a) Filing of Registration Statement. On or before the Filing
Deadline, the Company shall file with the SEC a registration statement on Form
S-3 as a "shelf" registration statement under Rule 415 of the Securities Act
registering the resale of one hundred percent (100%) of the Registrable
Securities.

            (b) Alternative Registration Statement. Notwithstanding the
foregoing paragraph 1.3(a), if on the Filing Deadline, the Company does not meet
the eligibility requirements for filing a registration statement on Form S-3,
then in such case the Company shall instead prepare and file with the SEC a
registration statement meeting the foregoing requirements on Form S-1 or Form
S-2.

            (c) Effectiveness. The Company shall use commercially reasonable
efforts to cause the registration filed pursuant to this Agreement to become
effective as soon as practicable following the filing thereof. The Company shall
use commercially reasonable efforts to maintain the effectiveness of the
registration filed pursuant to this Agreement until August 18, 2011, or until
the Holder or Holders have completed the distribution of the Registrable
Securities described in the registration statement relating thereto, whichever
occurs first.

            (d) Registration of Other Securities. The Company may include any
securities held by Other Shareholders on any registration statement filed by the
Company on behalf of the Holders pursuant to the terms hereof.

      1.4 EXPENSES OF REGISTRATION. All Registration Expenses incurred in
connection with any registration, qualification or compliance pursuant to
Section 1.3 hereof shall be borne by the Company. All Selling Expenses relating
to securities so registered shall be borne by the Holders of such securities pro
rata on the basis of the number of shares of securities so registered on their
behalf.

      1.5 REGISTRATION PROCEDURES. In the case of the registration effected by
the Company pursuant to Section 1.3 hereof, the Company will keep each Holder
advised in writing as to the initiation of the registration and as to the
completion thereof. At its expense, the Company will use its best efforts to:

            (a) prepare and file with the SEC such amendments and supplements to
such registration statement and the prospectus used in connection with such
registration statement as may be necessary to comply with the provisions of the
Securities Act with respect to the disposition of all securities covered by such
registration statement;

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            (b) furnish such number of prospectuses and other documents incident
thereto, including any amendment of or supplement to the prospectus, as a Holder
from time to time may reasonably request;

            (c) notify each Holder of Registrable Securities covered by such
registration statement at any time when a prospectus relating thereto is
required to be delivered under the Securities Act of the happening of any event
as a result of which the prospectus included in such registration statement, as
then in effect, includes an untrue statement of a material fact or omits to
state a material fact required to be stated therein or necessary to make the
statements therein not misleading or incomplete in the light of the
circumstances then existing, and at the request of any such Holder, prepare and
furnish to such Holder a reasonable number of copies of a supplement to or an
amendment of such prospectus as may be necessary so that, as thereafter
delivered to the purchasers of such Registrable Securities, such prospectus
shall not include an untrue statement of a material fact or omit to state a
material fact required to be stated therein or necessary to make the statements
therein not misleading or incomplete in the light of the circumstances then
existing; provided, however, the Company shall not be obligated to prepare and
furnish any such prospectus supplements or amendments relating to any material
nonpublic information at any such time as the Board of Directors of the Company
has determined that, for good business reasons, the disclosure of such material
nonpublic information at that time is contrary to the best interests of the
Company in the circumstances and is not otherwise required under applicable law
(including applicable securities laws);

            (d) cause all such Registrable Securities registered pursuant
hereunder to be listed on each securities exchange and/or included in any
national quotation system on which similar securities issued by the Company are
then listed or included;

            (e) provide a transfer agent and registrar for all Registrable
Securities registered pursuant to such registration statement and a CUSIP number
for all such Registrable Securities, in each case not later than the effective
date of such registration; and

            (f) otherwise use its best efforts to comply with all applicable
rules and regulations of the SEC, and make available to its security holders, as
soon as reasonably practicable, an earnings statement covering the period of at
least twelve (12) months, but not more than eighteen months, beginning with the
first month after the effective date of the registration statement, which
earnings statement shall satisfy the provisions of Section 11(a) of the
Securities Act.

      1.6 INDEMNIFICATION.

            (a) The Company will indemnify each Holder, each of such Holder's
officers, directors, partners, legal counsel and accountants and each person
controlling such Holder within the meaning of Section 15 of the Securities Act,
as applicable, with respect to which registration, qualification, or compliance
has been effected pursuant to this Section 1,

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and each underwriter, if any, and each person who controls within the meaning of
Section 15 of the Securities Act any underwriter, against all expenses, claims,
losses, damages, and liabilities (or actions, proceedings, or settlements in
respect thereof) arising out of or based on any untrue statement (or alleged
untrue statement) of a material fact contained in any prospectus, offering
circular, or other document (including any related registration statement,
notification, or the like) incident to any such registration, qualification, or
compliance, or based on any omission (or alleged omission) to state therein a
material fact required to be stated therein or necessary to make the statements
therein not misleading, or any violation by the Company of the Securities Act or
any rule or regulation thereunder applicable to the Company or relating to
action or inaction required of the Company in connection with any such
registration, qualification, or compliance, and will reimburse each such Holder,
each of its officers, directors, partners, legal counsel and accountants and
each person controlling such Holder, each such underwriter, and each person who
controls any such underwriter, for any legal and any other expenses reasonably
incurred in connection with investigating and defending or settling any such
claim, loss, damage, liability, or action, provided that the Company will not be
liable in any such case to the extent that any such claim, loss, damage,
liability, or expense arises out of or is based on any untrue statement or
omission based upon written information furnished to the Company by such Holder
or underwriter and stated to be specifically for use therein. It is agreed that
the indemnity agreement contained in this Section 1.6(a) shall not apply to
amounts paid in settlement of any such loss, claim, damage, liability, or action
if such settlement is effected without the consent of the Company (which consent
shall not be unreasonably withheld).

            (b) Each Holder will, if Registrable Securities held by him are
included in the securities as to which such registration, qualification, or
compliance is being effected, indemnify the Company, each of its directors,
officers, partners, legal counsel and accountants and each underwriter, if any,
of the Company's securities covered by such a registration statement, each
person who controls the Company or such underwriter within the meaning of
Section 15 of the Securities Act, each other such Holder and Other Shareholder,
and each of their officers, directors, and partners, and each person controlling
such Holder or Other Shareholder, against all claims, losses, damages and
liabilities (or actions in respect thereof) arising out of or based on any
untrue statement (or alleged untrue statement) of a material fact contained in
any such registration statement, prospectus, offering circular, or other
document, or any omission (or alleged omission) to state therein a material fact
required to be stated therein or necessary to make the statements therein not
misleading, and will reimburse the Company and such Holders, Other Shareholders,
directors, officers, partners, legal counsel, and accountants, persons,
underwriters, or control persons for any legal or any other expenses reasonably
incurred in connection with investigating or defending any such claim, loss,
damage, liability, or action, in each case to the extent, but only to the
extent, that such untrue statement (or alleged untrue statement) or omission (or
alleged omission) is made in such registration statement, prospectus, offering
circular or other document in reliance upon and in conformity with written
information furnished to the Company by such Holder and stated to be
specifically for use therein; provided, however, (i) that the obligations of
such Holder hereunder shall not apply to amounts paid in settlement of any such
claims, losses, damages, or liabilities (or actions in respect thereof) if such

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settlement is effected without the consent of such Holder (which consent shall
not be unreasonably withheld) and (ii) that in no event shall any indemnity
under this Section 1.6(b) exceed the gross proceeds from the offering received
by such Holder.

            (c) Each party entitled to indemnification under this Section 1.6
(the "Indemnified Party") shall give notice to the party required to provide
indemnification (the "Indemnifying Party") promptly after such Indemnified Party
has actual knowledge of any claim as to which indemnity may be sought, and shall
permit the Indemnifying Party to assume the defense of such claim or any
litigation resulting therefrom, provided that counsel for the Indemnifying
Party, who shall conduct the defense of such claim or any litigation resulting
therefrom, shall be approved by the Indemnified Party (whose approval shall not
unreasonably be withheld), and the Indemnified Party may participate in such
defense at such party's expense, and provided further that the failure of any
Indemnified Party to give notice as provided herein shall not relieve the
Indemnifying Party of its obligations under this Section 1.6, to the extent such
failure is not prejudicial. No Indemnifying Party, in the defense of any such
claim or litigation, shall, except with the consent of each Indemnified Party,
consent to entry of any judgment or enter into any settlement that does not
include as an unconditional term thereof the giving by the claimant or plaintiff
of a release to such Indemnified Party from all liability in respect to such
claim or litigation. Each Indemnified Party shall furnish such information
regarding itself or the claim in question as an Indemnifying Party may
reasonably request in writing and as shall be reasonably required in connection
with defense of such claim and litigation resulting therefrom.

            (d) If the indemnification provided for in this Section 1.6 is held
by a court of competent jurisdiction to be unavailable to an Indemnified Party
with respect to any loss, liability, claim, damage, or expense referred to
therein, then the Indemnifying Party, in lieu of indemnifying such Indemnified
Party hereunder, shall contribute to the amount paid or payable by such
Indemnified Party as a result of such loss, liability, claim, damage, or expense
in such proportion as is appropriate to reflect the relative fault of the
Indemnifying Party on the one hand and of the Indemnified Party on the other in
connection with the conduct, statements or omissions that resulted in such loss,
liability, claim, damage, or expense as well as any other relevant equitable
considerations. The relative fault of the Indemnifying Party and of the
Indemnified Party shall be determined by reference to, among other things,
whether the untrue or alleged untrue statement of a material fact or the
omission to state a material fact relates to information supplied by the
Indemnifying Party or by the Indemnified Party and the parties' relative intent,
knowledge, access to information, and opportunity to correct or prevent such
statement or omission.

            (e) Notwithstanding the foregoing, to the extent that the provisions
on indemnification and contribution contained in the underwriting agreement
entered into by the Indemnifying Party and the Indemnified Party in connection
with the underwritten public offering are in conflict with the foregoing
provisions, the provisions in the underwriting agreement shall control.

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      1.7 INFORMATION BY HOLDER. Each Holder of Registrable Securities shall
furnish to the Company such information regarding such Holder and the
distribution proposed by such Holder as the Company may reasonably request in
writing and as shall be reasonably required in connection with any registration,
qualification, or compliance referred to in this Section 1.

      1.8 RULE 144 REPORTING. With a view to making available the benefits of
certain rules and regulations of the SEC that may permit the sale of the
Restricted Securities to the public without registration, the Company agrees to
use its best efforts to:

            (a) make and keep adequate public information regarding the Company
available as those terms are understood and defined in Rule 144;

            (b) file with the SEC in a timely manner all reports and other
documents required of the Company under the Securities Act and the Exchange Act;
and

            (c) so long as a Holder owns any Restricted Securities, furnish to
the Holder forthwith upon written request a written statement by the Company as
to its compliance with the reporting requirements of Rule 144 and of the
Securities Act and the Exchange Act, a copy of the most recent annual or
quarterly report of the Company, and such other reports and documents so filed
as a Holder may reasonably request in availing itself of any rule or regulation
of the SEC allowing a Holder to sell any such securities without registration.

      1.9 NOTICE TO DISCONTINUE; NOTICE BY HOLDERS.

            (a) Notice to Discontinue. Each Holder agrees by acquisition of such
securities that, upon receipt of any notice from the Company of any event of the
kind described in Section 1.5(c), the Holder will discontinue disposition of
Registrable Securities until the Holder receives copies of the supplemented or
amended prospectus contemplated by Section 1.5(c). In addition, if the Company
requests, the Holder will deliver to the Company (at the Company's expense) all
copies, other than permanent file copies then in the Holder's possession, of the
prospectus covering the Registrable Securities current at the time of receipt of
such notice. If the Company gives any such notice, then the time period
mentioned in Section 1.3(c) shall be extended by the number of days elapsing
between the date of notice and the date that each Holder who has included
Registrable Securities in such registration receives the copies of the
supplemented or amended prospectus contemplated in Section 1.5(c).

            (b) Notice by Holders. The Holders shall notify the Company, at any
time when a prospectus relating to the registration of the Registrable
Securities is required to be delivered under the Securities Act, of the
happening of any event, which as to any Holder is (i) to its respective
knowledge; (ii) solely within its respective knowledge; and (iii) solely as to
matters concerning that Holder, as a result of which the prospectus included in
the registration statement, then in effect, contains an untrue statement of a
material fact or omits

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to state any material fact necessary to make the statements therein, in light of
the circumstances then existing, not misleading.

2. REPRESENTATIONS AND WARRANTIES OF THE COMPANY AND THE SHAREHOLDERS.

      2.1 REPRESENTATIONS AND WARRANTIES OF THE COMPANY. The Company represents
and warrants to the Shareholders as follows:

            (a) The execution, delivery and performance of this Agreement by the
Company have been duly authorized by all requisite corporate action and will not
violate any provision of law, any order of any court or other agency of
government, the Articles of Incorporation or Bylaws of the Company, each as
amended, or any provision of any material indenture, agreement or other
instrument to which it or any of its properties or assets is bound, or conflict
with, result in a breach of or constitute (with due notice or lapse of time or
both) a default under any such material indenture, agreement or other
instrument, or result in the creation or imposition of any lien, charge or
encumbrance of any nature whatsoever upon any of the properties or assets of the
Company.

            (b) This Agreement has been duly executed and delivered by the
Company and constitutes the legal, valid and binding obligation of the Company,
enforceable against the Company in accordance with its terms, subject to
applicable bankruptcy, insolvency and other similar laws affecting the
enforceability of creditors' rights generally, general equitable principles, the
discretion of courts in granting equitable remedies and public policy
considerations.

      2.2 REPRESENTATIONS AND WARRANTIES OF THE SHAREHOLDERS. Each Shareholder
(severally and not jointly) represents and warrants to the Company as follows:

            (a) The execution, delivery and performance of this Agreement by the
Shareholder will not violate any provision of law, any order of any court or any
agency or government, or any provision of any material indenture or agreement or
other instrument to which it or any of its properties or assets is bound, or
conflict with, result in a breach of or constitute (with due notice or lapse of
time or both) a default under any such material indenture, agreement or other
instrument, or result in the creation or imposition of any lien, charge, or
encumbrance of any nature whatsoever upon any of the properties or assets of the
Shareholder.

            (b) This Agreement has been duly executed and delivered by the
Shareholder and constitutes the legal, valid and binding obligation of the
Shareholder, enforceable against the Shareholder in accordance with its terms,
subject to applicable bankruptcy, insolvency and other similar laws affecting
the enforceability of creditors' rights generally, general equitable principles,
the discretion of courts in granting equitable remedies and public policy
considerations.

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3. MISCELLANEOUS.

      3.1 DELAY OF REGISTRATION. No Holder shall have any right to take any
action to restrain, enjoin, or otherwise delay any registration as the result of
any controversy that might arise with respect to the interpretation or
implementation of Section 1 hereof.

      3.2 SUCCESSORS AND ASSIGNS. Except as otherwise expressly provided herein,
the provisions hereof shall inure to the benefit of, and be binding upon, the
successors, assigns, heirs, executors and administrators of the parties hereto.

      3.3 ENTIRE AGREEMENT; AMENDMENT; WAIVER. This Agreement constitutes the
full and entire understanding and agreement between the parties with regard to
the subject hereof. Neither this Agreement nor any term hereof may be amended,
waived, discharged or terminated, except by a written instrument signed by the
Company and the Holders of at least fifty-one percent (51%) of the Registrable
Securities and any such amendment, waiver, discharge or termination shall be
binding on all the Holders, but in no event shall the obligation of any Holder
hereunder be materially increased, except upon the written consent of such
Holder.

      3.4 NOTICES, ETC. All notices and other communications required or
permitted hereunder shall be in writing and shall be mailed by United States
first-class mail, postage prepaid, or delivered personally by hand or nationally
recognized courier addressed (a) if to a Holder, as indicated in the stock
records of the Company or at such other address as such Holder shall have
furnished to the Company in writing, or (b) if to the Company, at 400 Galleria
Parkway, Suite 200, Atlanta, Georgia 30339, Attn: Chief Financial Officer, or at
such other address as the Company shall have furnished to each Holder in
writing, together with a copy to Rogers & Hardin LLP, 2700 International Tower,
229 Peachtree Street, Atlanta, Georgia 30303, Attn: Robert C. Hussle, Esq. All
such notices and other written communications shall be effective on the date of
mailing or delivery.

      3.5 DELAYS OR OMISSIONS. No delay or omission to exercise any right, power
or remedy accruing to any Holder, upon any breach or default of the Company
under this Agreement shall impair any such right, power or remedy of such Holder
nor shall it be construed to be a waiver of any such breach or default, or an
acquiescence therein, or of or in any similar breach or default thereafter
occurring; nor shall any waiver of any single breach or default be deemed a
waiver of any other breach or default therefore or thereafter occurring. Any
waiver, permit, consent or approval of any kind or character on the part of any
Holder of any breach or default under this Agreement or any waiver on the part
of any Holder of any provisions or conditions of this Agreement must be made in
writing and shall be effective only to the extent specifically set forth in such
writing. All remedies, either under this Agreement or by law or otherwise
afforded to any Holder, shall be cumulative and not alternative.

      3.6 RIGHTS; SEVERABILITY. Unless otherwise expressly provided herein, a
Holder's rights hereunder are several rights, not rights jointly held with any
of the other Holders. In

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case any provision of the Agreement shall be invalid, illegal or unenforceable,
the validity, legality and enforceability of the remaining provisions shall not
in any way be affected or impaired thereby.

      3.7 INFORMATION CONFIDENTIAL. Each Holder acknowledges that the
information received by them pursuant hereto may be confidential and for its use
only, and it will not use such confidential information in violation of the
Exchange Act or reproduce, disclose or disseminate such information to any other
person (other than its employees or agents having a need to know the contents of
such information, and its attorneys), except in connection with the exercise of
rights under this Agreement, unless the Company has made such information
available to the public generally or such Holder is required to disclose such
information by a governmental body.

      3.8 TITLES AND SUBTITLES. The titles of the paragraphs and subparagraphs
of this Agreement are for convenience of reference only and are not to be
considered in construing this Agreement.

      3.9 COUNTERPARTS. This Agreement may be executed and delivered (including
by facsimile transmission) in any number of counterparts, and by the different
parties hereto in separate counterparts, each of which when executed and
delivered shall be deemed to be an original, but all of which together shall
constitute one and the same instrument.

      3.10 GOVERNING LAW; JURISDICTION. This Agreement shall be governed by and
construed and enforced in accordance with the internal laws of the State of
Georgia without reference to Georgia's choice of law rules and each of the
parties hereto hereby consents to personal jurisdiction in any federal or state
court in the State of Georgia.

                            [Signature Page Follows]

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      IN WITNESS WHEREOF, the parties hereto have duly executed this Agreement
or have caused this Agreement to be duly executed on its behalf by an officer or
representative thereto duly authorized, all as of the date first above written.

                                    VERSO TECHNOLOGIES, INC.

                                    By: ______________________________________
                                             Juliet M. Reising
                                             Chief Financial Officer

                                    SHAREHOLDER:

                                    __________________________________________

                                    Number of Shares: ___________
                                    Number of Warrants:_________

                                       12<PAGE>

                                                                    Exhibit 10.9
                            VERSO TECHNOLOGIES, INC.
                        1999 EMPLOYEE STOCK PURCHASE PLAN

                      AS AMENDED EFFECTIVE JANUARY 1, 2006

1. PURPOSE OF THE PLAN. This Verso Technologies, Inc. 1999 Employee Stock
Purchase Plan adopted as of the 16th day of November, 1999, is intended to
encourage eligible employees of the Company and its Subsidiaries to acquire or
increase their ownership of common stock of the Company on reasonable terms. The
opportunity so provided is intended to foster in participants a strong incentive
to put forth maximum effort for the continued success and growth of the Company
and its Subsidiaries, to aid in retaining individuals who put forth such
efforts, and to assist in attracting the best available individuals to the
Company and its Subsidiaries in the future. It is the Company's intention that
this Employee Stock Purchase Plan qualify as an "employee stock purchase plan"
under Section 423 of the Code. Accordingly, the provisions of the Plan shall be
construed so as to extend and limit participation in a manner consistent with
the requirements of that section of the Code.

2. DEFINITIONS. When used herein, the following terms shall have the meanings
set forth below:

2.2 "ACCOUNT" means the funds accumulated with respect to an Employee as a
result of deductions from his paycheck for the purpose of purchasing Shares
under the Plan. The funds allocated to an Employee's Account shall remain the
property of the employee at all times but may be commingled with the general
funds of the Company.

2.3 "BOARD" means the Board of Directors of Verso Technologies, Inc.

2.4 "CHANGE IN CONTROL" will mean the following:

(a) the sale, lease, exchange or other transfer, directly or indirectly, of
substantially all of the assets of the Company (in one transaction or in a
series of related transactions) to a person or entity that is not controlled by
the Company,

(b) the approval by the shareholders of the Company of any plan or proposal for
the liquidation or dissolution of the Company;

(c) any person becomes after the effective date of the Plan the "beneficial
owner" (as defined in Rule 13d-3 under the Exchange Act), directly or
indirectly, of (A) 20% or more, but less than 50% of the combined voting power
of the Company's outstanding securities ordinarily having the right to vote at
elections of directors, unless the transaction resulting in such ownership has
been approved in advance by the Incumbent Directors, or (B) 50% or more of the
combined voting power of the Company's outstanding securities ordinarily having
the right to vote at elections of directors (regardless of any approval by the
Incumbent Directors);

(d) a merger or consolidation to which the Company is a party if the
shareholders of the Company immediately prior to effective date of such merger
or consolidation have "beneficial ownership" (as defined in Rule 13d-3 under the
Exchange Act), immediately following the

<PAGE>

effective date of such merger or consolidation, of securities of the surviving
corporation representing (i) more than 50%, but less than 80%, of the combined
voting power of the surviving corporation's then outstanding securities
ordinarily having the right to vote at elections of directors, unless such
merger or consolidation has been approved in advance by the Incumbent Directors
(as defined in Section 2.11 below), or (ii) 50% or less of the combined voting
power of the surviving corporation's then outstanding securities ordinarily
having the right to vote at elections of directors (regardless of any approval
by the Incumbent Directors); or

(e) the Incumbent Directors cease for any reason to constitute at least a
majority of the Board.

2.5 "CODE" means the Internal Revenue Code of 1986, as in effect at the time of
reference, or any successor revenue code which may hereafter be adopted in lieu
thereof, and reference to any specific provisions of the Code shall refer to the
corresponding provisions of the Code as it may hereafter be amended or replaced.

2.6 "COMMITTEE" means the Committee of the Board or any other committee
appointed by the Board which is invested by the Board with responsibility for
the administration of the Plan and whose members meet the requirements for
eligibility to serve as set forth in the Plan.

2.7 "COMPANY" means Verso Technologies, Inc.

2.8 "ELIGIBLE COMPENSATION" means the regular compensation (i.e., straight time
earnings), bonuses and commissions earned by an Employee during a payroll
period, before deductions or withholdings, but shall exclude, unless the
Committee determines otherwise, all other amounts, including, but not limited
to, (i) all amounts contributed by the Company or any Subsidiary under any
profit-sharing, pension, retirement, group insurance or other employee welfare
benefit plan or trust whether now in existence or hereinafter adopted and (ii)
any income from stock option exercises or other equity based compensation.

2.9 "EXCHANGE ACT" means the Securities Exchange Act of 1934, as in effect at
the time of reference, or any successor law which may hereafter be adopted in
lieu thereof, and any reference to any specific provisions of the Exchange Act
as it may hereafter be amended or replaced.

2.10 "EMPLOYEES" means persons employed by the Company or any of its
Subsidiaries set forth in Schedule A attached hereto (as may be amended from
time to time by the Board of Directors in its sole discretion); provided,
however, that no person shall be considered an Employee unless he has been
employed for at least fifteen (15) consecutive days as of the Offering
Commencement Date of any such offering.

2.11 "FAIR MARKET VALUE" means, with respect to the Shares, as of any date (or,
if no shares were traded or quoted on such date, as of the next preceding date
on which there was such a trade or quote) (a) the average of the reported high
and low sale prices of the Shares if the common stock is listed, admitted to
unlisted trading privileges or reported on any national securities exchange or
on the Nasdaq National Market, the closing bid price as reported by the Nasdaq
SmallCap Market, OTC Bulletin Board or the National Quotation Bureau, Inc. or
other comparable service; or (c) if the common stock is not so listed or
reported, such price as the Committee determines in good faith in the exercise
of its reasonable discretion. If determined by

                                       2

<PAGE>

the Committee, such determination will be final, conclusive and binding for all
purposes and on all persons, including, without limitation, the Company, the
shareholders of the Company, the Employees and their respective
successors-in-interest. No member of the Committee will be liable for any
determination regarding the fair market value of the Shares that is made in good
faith.

2.12 "INCUMBENT DIRECTORS" means any individuals who are members of the Board on
the effective date of the Plan and any individual who subsequently becomes a
member of the Board whose election, or nomination for election by the Company's
shareholders, was approved by a vote of at least a majority of the Incumbent
Directors (either by specific vote or by approval of the Company's proxy
statement in which such individual is named as a nominee for director without
objection to such nomination).

2.13 "OFFERING COMMENCEMENT DATE" means January 1 or July 1, as the case may be,
or any other date determined by the Committee, on which a particular offering
begins.

2.14 "OFFERING TERMINATION DATE" means the June 30 or December 31, as the case
may be, or any other date determined by the Committee, on which a particular
offering terminates.

2.15 "OPTION" means the right granted to an Employee to purchase Shares pursuant
to an offering made under the Plan and pursuant to such Employee's election to
purchase Shares in such offering, at a price, and subject to such limitations
and restrictions as the Plan and the Committee may impose.

2.16 "PARENT" means any corporation, other than the employer corporation, in an
unbroken chain of corporations ending with the employer corporation if each of
the corporations other than the employer corporation owns stock possessing fifty
percent (50%) or more of the total combined voting power of all classes of stock
in one of the other corporations in such chain.

2.17 "PLAN" means the Verso Technologies, Inc. 1999 Employee Stock Purchase
Plan.

2.18 "PURCHASE PERIOD" means the period commencing on the Offering Commencement
Date and ending on the Offering Termination Date during which installment
payments for Shares purchased pursuant to Options granted pursuant to an
offering made under the Plan shall be made.

2.19 "SHARES" means shares of the Company's no par value common stock or, if by
reason of the adjustment provisions contained herein, any rights under the Plan
pertaining to any other security, such other security.

2.20 "SUBSIDIARY" or "SUBSIDIARIES" means any corporation or corporations other
than the employer corporation in an unbroken chain of corporations beginning
with the employer corporation if each of the corporations other than the last
corporation in the unbroken chain owns stock possessing fifty percent (50%) or
more of the total combined voting power of all classes of stock in one of the
other corporations in such chain.

2.21 "SUCCESSOR" means the legal representative of the estate of a deceased
Employee or the

                                       3

<PAGE>

person or persons who shall acquire the right to exercise or receive an Option
by bequest or inheritance or by reason of the death of the Employee.

3. STOCK SUBJECT TO THE PLAN. There will be reserved for use, upon the exercise
of Options to be granted from time to time pursuant to offerings made under the
Plan, an aggregate of 2,000,000 Shares, which Shares may be, in whole or in
part, as the Board shall from time to time determine, authorized but unissued
Shares, or issued Shares which shall have been reacquired by the Company. The
number of Shares reserved under the Plan may be issued pursuant to the exercise
of Options granted pursuant to one or more offerings made under the Plan. Any
Shares subject to issuance upon exercise of Options but which are not issued
because of a surrender, lapse, expiration or termination of any such Option
prior to issuance of the Shares shall once again be available for issuance in
satisfaction of Options.

4. ADMINISTRATION OF THE PLAN. The Board shall appoint the Committee to
administer the Plan. Subject to the provisions of the Plan, the Committee shall
have full authority, in its discretion, to determine when offerings will be made
under the Plan, the number of Shares available for purchase in any such
offering, and the terms and conditions of any such offering; to amend or cancel
Options (subject to Section 23 of the Plan); to interpret the Plan, to
prescribe, amend and rescind rules and regulations relating to the Plan; and
generally to interpret and determine any and all matters whatsoever relating to
the administration of the Plan, including the designation of individuals
responsible for the day-to-day operation of the Plan. All decisions,
determinations and interpretations made by the Committee shall be binding and
conclusive on all participants in the Plan and on their legal representatives,
heirs and beneficiaries. The Board may from time to time appoint members to the
Committee in substitution for or in addition to members previously appointed and
may fill vacancies, however caused, in the Committee. No Member of the Committee
shall be liable, in the absence of bad faith, for any act or omission with
respect to his service on the Committee.

5. OFFERINGS. Unless the Committee, in its discretion, determines otherwise, the
Plan will be implemented by up to twenty (20) consecutive six (6) month
offerings. The first offering under the Plan shall commence on January 1, 2000
and terminate on June 30, 2000. Thereafter, offerings shall commence on each
subsequent July 1 and January 1 and terminate on the following December 31 and
June 30, respectively, of such year until the Plan is terminated or no
additional Shares are available for purchase under the Plan.

6. ELIGIBILITY TO PARTICIPATE IN OFFERINGS. All Employees shall be eligible to
participate in the Plan.

7. PARTICIPATION. An eligible Employee may become a participant in the Plan by
completing, signing and submitting an enrollment form ("Enrollment Form") which
shall designate a whole percentage of his Eligible Compensation, not to exceed
ten percent (10%), to be withheld during the Purchase Period of any offering in
which he participates, and any other necessary papers, including, but not
limited to, any forms required to establish a brokerage account at a brokerage
firm designated by the Committee in the Employee's name for the purpose of
holding any Shares purchased pursuant to the Plan, with such person as the
Committee may designate at least ten (10) days prior to the Offering
Commencement Date of the first offering in which he wishes to participate. After
completing, signing and submitting an

                                       4

<PAGE>

Enrollment Form and any other necessary papers in accordance with the preceding
sentence, an Employee shall be deemed to have become a participant in the Plan
for each subsequent offering until the Employee withdraws from the Plan in
accordance with Section 14 hereof, is deemed to have withdrawn from the Plan in
accordance with Section 17 hereof, or otherwise gives written notice of his
intent to withdraw to such person as the Committee may designate. Except as
otherwise provided in Section 14, if an Employee who withdraws from the Plan
desires to re-enter the Plan, he must submit a new Enrollment Form in accordance
with this Section 7 at least ten (10) days prior to the Offering Commencement
Date of the particular offering to which such re-entry is intended to apply, or
by such other time as the Committee determines in its sole discretion. An
Employee's re-entry into the Plan cannot become effective before the beginning
of the next offering following his withdrawal. Participation in one offering
under the Plan shall neither limit nor require participation in any other
offering.

8. GRANT OF OPTIONS. Subject to the limitations set forth in Sections 6 and 9 of
the Plan, on the Offering Commencement Date of each offering made under the
Plan, each Employee who has previously elected to participate in the Plan shall
automatically be granted an Option for as many full Shares as he will be able to
purchase with the payroll deductions credited to his Account during the Purchase
Period of that offering. In the event the total maximum number of Shares
resulting from all elections to purchase under any offering of Shares made under
the Plan exceeds the number of Shares offered, the Company reserves the right to
reduce the maximum number of Shares which Employees may purchase pursuant to
their elections to purchase, to allot the Shares available in such manner as it
shall determine (subject to the requirements of Section 423 of the Code), but
generally pro rata to subscriptions received, and to grant Options to purchase
only for such reduced number of Shares. Notice of any such reduction shall be
given to each participating Employee, in a uniform and nondiscriminatory manner
determined by the Committee in its sole discretion. In the event an Employee's
election to purchase Shares pursuant to an offering made under the Plan is
canceled pursuant to Section 9 of the Plan, the Option granted to such Employee
shall automatically terminate and the balance in his Account shall be returned
to the Employee.

9. LIMITATIONS OF NUMBER OF SHARES WHICH MAY BE PURCHASED. The following
limitations shall apply with respect to the number of Shares which may be
purchased by each Employee who elects to participate in an offering made under
the Plan:

(a) No Employee may purchase, or elect to purchase Shares during any one
offering pursuant to the Plan for an aggregate purchase price in excess of ten
percent (10%) of his Eligible Compensation during the Purchase Period applicable
to such offering.

(b) No Employee shall be granted an Option to purchase Shares under the Plan if
such Employee immediately after such Option is granted, owns stock (within the
meaning of Section 424(d) of the Code, and including stock subject to purchase
under any outstanding options) possessing five percent (5%) or more of the total
combined voting power or value of all classes of stock of the Company or, if
applicable, any Subsidiary or, if applicable, a Parent.

(c) No Employee shall be granted an Option to purchase Shares which permits his
right to purchase stock under the Plan and all other employee stock purchase
plans of the Company and, if applicable, a Subsidiary, and, if applicable, a
Parent, to accrue (as determined under Section

                                       5

<PAGE>

423(b)(8) of the Code) at a rate which exceeds ($25,000) of fair market value of
such stock (determined on the date the Option to purchase is granted) for each
calendar year in which such Option is outstanding at any time.

10. EXERCISE PRICE. Unless the Committee, in its discretion, determines to set a
higher per Share exercise price, the per Share exercise price for Shares subject
to purchase under Options granted pursuant to an offering made under the Plan
shall be an amount equal to ninety-five percent (95%) of the Fair Market Value
of Shares on the Offering Termination Date.

11. PAYROLL DEDUCTIONS. Payment of the exercise price of any Option granted
pursuant to the Plan shall be made in installments through payroll deductions,
with no right of prepayment. Each Employee electing to participate in an
offering of Shares made under the Plan shall authorize the Company pursuant to
Section 7 of the Plan to withhold a designated amount from his regular weekly,
bi-weekly, semimonthly or monthly pay for each payroll period during the
Purchase Period, which amount, expressed as a percentage, may not exceed ten
percent (10%) of his Eligible Compensation (or such other percentage as
determined by the Committee in its sole discretion). All such payroll deductions
made for an Employee shall be credited to his Account. An Employee may not make
any separate cash payments into his Account nor may payment for Shares be made
other than by payroll deduction. No interest shall accrue on the amounts
credited to an Employee's Account pursuant to this Section 11.

12. EXERCISE OF OPTIONS. As of the close of business on the Offering Termination
Date of any offering of Shares made under the Plan, each outstanding Option
shall automatically be exercised. Subject to the limitations in Sections 6, 8
and 9 of the Plan upon the exercise of an Option, the aggregate amount of the
payroll deductions credited to the Account of each Employee as of that date will
automatically be applied to the exercise price for the purchase of that number
of Shares, rounded to the nearest whole share, equal to the Account balance
divided by the exercise price. Promptly following the end of each Offering
Termination Date, the number of Shares purchased by each Employee shall be
deposited into an account established in the Employee's name at a stock
brokerage or other financial services firm designated by the Company. Unless an
Employee notifies the Company in writing not to carry over the balance of his
Account (representing fractional Shares) to the next offering and to have the
balance of his Account returned to him, the Company shall carry over the balance
of his Account to the next offering. Upon termination of the Plan, the balance
of each Employee's Account shall be returned to him.

13. RIGHTS OF A SHAREHOLDER. An Employee will become a shareholder of the
Company with respect to Shares for which payment has been received at the close
of business on the Offering Termination Date. An Employee will have no rights as
a shareholder with respect to Shares under an election to purchase Shares until
he has become a shareholder as provided above.

14. CANCELLATION OF ELECTION TO PURCHASE. An Employee who has elected to
purchase Shares pursuant to any offering made under the Plan may cancel his
election in its entirety. Any such cancellation shall be effective upon the
delivery by the Employee of written notice of cancellation to such person as the
Committee may designate. Such notice of cancellation must be so delivered before
the close of business on the third to last business day of

                                       6

<PAGE>

the Purchase Period. The amount credited to an Employee's Account at the time
the cancellation becomes effective may be, at the Employee's option, (i) applied
to the purchase of the number of Shares such amount will then purchase or (ii)
returned to the Employee. If the Employee elects to purchase Shares with the
amount credited to his Account at the time of cancellation, such purchase will
become effective at the close of business on the Offering Termination Date. Upon
cancellation, the Employee shall be deemed to have withdrawn from the Plan. To
re-enter the Plan, the Employee must submit a new Enrollment Form in accordance
with Section 7.

15. LEAVE OF ABSENCE OR LAYOFF. An Employee purchasing Shares under the Plan who
is granted a leave of absence (including a military leave) or is laid off during
the Purchase Period may at that time elect to suspend payments during such leave
of absence or period of layoff. Any such suspension shall be treated as a
partial cancellation of his election to purchase Shares. If the Employee does
not return to active service within ninety (90) days from the date of his leave
of absence or layoff, unless his rehire is guaranteed, his election to purchase
shall be deemed to have been canceled at that time, and the Employees only right
will be to receive in cash the amount credited to his Account.

16. EFFECT OF FAILURE TO MAKE PAYMENTS WHEN DUE. If in any payroll period an
Employee who has filed an election to purchase Shares under the Plan has no pay
or his pay is insufficient (after other authorized deductions) in any payroll
period to permit deduction of his installment payment, the amount of such
deficiency shall be treated as a partial cancellation of his election to
purchase Shares.

17. TERMINATION OF EMPLOYMENT. If an Employee's employment is terminated for any
reason, excluding death, prior to the end of the Purchase Period of any
offering, the Employee's rights under the Plan will terminate at such time. A
notice to withdraw from the Plan will be considered as having been received from
the Employee on the day his employment ceases, and the only right of the
Employee will be to receive the cash then credited to his Account. If an
Employee dies prior to the end of the Purchase Period of any offering, the
amount credited to such Employee's Account at the time of his death may, at the
option of the Employee's estate, heirs, beneficiaries or other authorized
person, be (i) applied to the purchase of the number of Shares such amount will
then purchase or (ii) paid to the estate, heirs, beneficiaries or other
authorized person. If the Employee's estate, heirs, beneficiaries or other
authorized person elects to purchase Shares with the amount credited to the
Employee's Account at the time of death, such purchase will become effective at
the close of business on the Offering Termination Date.

18. NONTRANSFERABILITY OF OPTIONS. An Option, or an Employee's right to any
amounts held for his Account under the Plan, shall not be transferable, other
than (a) by will or the laws of descent and distribution, and an Option may be
exercised, during the lifetime of the holder of the Option, only by the holder
or in the event of death, the holder's Successor or (b) if permitted pursuant to
the Code and the Regulations thereunder without affecting the Options
qualification under Section 423 of the Code, pursuant to a qualified domestic
relations order.

19. ADJUSTMENTS UPON CHANGES IN CAPITALIZATION. In the event of changes in all
of the outstanding Shares by reason of stock dividends, stock splits,
recapitalizations, mergers, consolidations, combinations, or exchanges of
shares, separations, reorganizations or

                                       7

<PAGE>

liquidations, or similar events, or in the event of extraordinary cash or
non-cash dividends being declared with respect to the Shares, or similar
transactions or events, the number and class of Shares available under the Plan
in the aggregate, the number and class of Shares subject to Options theretofore
granted, applicable purchase prices and all other applicable provisions, shall,
subject to the provisions of the Plan, be equitably adjusted by the Committee,
taking into account Section 424(a) of the Code. The foregoing adjustment and the
manner of application of the foregoing provisions shall be determined by the
Committee in its sole discretion. Any such adjustment may provide for the
elimination of any fractional Share which might otherwise become subject to an
Option.

20. CHANGE IN CONTROL. Notwithstanding anything to the contrary herein, in the
case of a Change in Control of the Company, the Board may, in its sole
discretion, elect to terminate the Purchase Period of any offering then in
effect as of the date of such Change of Control (or such other date in the
discretion of the Committee), with the effect that such day will be the Offering
Termination Date of such offering.

21. TAXES. The Employee, or his Successor, shall promptly notify the Company of
any disposition of Shares acquired pursuant to the exercise of an Option under
the Plan and the Company shall have the right to deduct any taxes required by
law to be withheld as a result of such disposition from any amounts otherwise
payable then or at any time thereafter to the Employee. The Company shall also
have the right to require a person entitled to receive Shares pursuant to the
exercise of an Option to Pay the Company the amount of any taxes which the
Company is or will be required to withhold with respect to the Shares before the
certificate for such Shares is delivered pursuant to the Option.

22. TERMINATION OF THE PLAN. The Plan shall terminate ten (10) years from the
date the Plan becomes effective, and an Option shall not be granted under the
Plan after that date although the terms of any Options may be amended at any
date prior to the end of its term in accordance with the Plan. Any Options
outstanding at the time of termination of the Plan shall continue in full force
and effect according to the terms and conditions of the Option and this Plan.

23. AMENDMENT OF THE PLAN. The Plan may be amended at any time and from time to
time by the Board, but no amendment without the approval of the shareholders of
the Company shall be made if shareholder approval under Section 423 of the Code
would be required. Notwithstanding the discretionary authority granted to the
Committee in Section 4 of the Plan, no amendment of the Plan or any Option
granted under the Plan shall impair any of the rights of any holder, without the
holder's consent, under any Option theretofore granted under the Plan.

24. CONDITIONS UPON ISSUANCE OF SHARES. Shares shall not be issued with respect
to an Option unless the exercise of such Option and the issuance and delivery of
such Shares pursuant thereto shall comply with all applicable provisions of law,
domestic or foreign, including, without limitation, the Securities Act of 1933,
as amended, the Exchange Act, the rules and regulations promulgated thereunder,
and the requirements of any stock exchange upon which the Shares may then be
listed, and shall be further subject to the approval of counsel for the Company
with respect to such compliance.

                                       8

<PAGE>

25. FEES AND COSTS. The Company shall pay all fees and expenses necessarily
incurred by the Company in connection with operation of the Plan.

26. NO CONTRACT OF EMPLOYMENT. Neither the adoption of this Plan nor the grant
of any Option shall be deemed to obligate the Company or any Subsidiary to
continue the employment of any Employee.

27. EFFECTIVENESS OF THE PLAN. The Plan shall become effective on November 16,
1999. Notwithstanding the foregoing, unless the Plan is approved by the
Company's shareholders at a meeting duly held in accordance with Minnesota law
within twelve (12) months after being adopted by the Board, the Plan and all
Options made under it shall be void and of no force and effect.

28. OTHER PROVISIONS. As used in the Plan, and in other documents prepared in
implementation of the Plan, references to the masculine pronoun shall be deemed
to refer to the masculine, feminine or neuter, and references in the singular or
the plural shall refer to the plural or the singular, as the identity of the
person or persons or entity or entities being referred to may require. The
captions used in the Plan and in such other documents prepared in implementation
of the Plan are for convenience only and shall not affect the meaning of any
provision hereof or thereof.

                                       9

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