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Exhibit 10.9  

Vantage
Energy Services, Inc.

6435 Vanderbilt Street

Houston, Texas 77005 

and

Deutsche
Bank Securities Inc.

As representative of the underwriters

300 South Grand Avenue, 42nd Floor

Los Angeles, California 90071 

	Re:
	Initial Public Offering

Ladies
and Gentlemen: 

        The
undersigned stockholder, officer and/or director of Vantage Energy Services, Inc., a Delaware corporation (the "Company"), in
consideration of Deutsche Bank Securities Inc. (the "Underwriter") agreeing to underwrite an initial public offering
("IPO") of the Company's units ("Units"), each comprised of one share of the Company's common stock, par
value $0.001 per share ("Common Stock"), and one warrant exercisable for one share of Common Stock
("Warrant"), hereby agrees as follows (certain capitalized terms used herein are defined in  Schedule 1 hereto): 

        1.     If
the Company solicits approval of its stockholders of a Business Combination, the undersigned shall vote (i) all Insider Shares owned by such person, any Private
Placement Shares acquired by the undersigned in the Private Placement, and any shares of Common Stock acquired in the IPO in accordance with the majority of the votes cast by the holders of the IPO
shares and (ii) any shares of Common Stock acquired following the IPO, in favor of the Business Combination. 

        2.     If
a Transaction Failure occurs, the undersigned shall take all reasonable actions within such person's power to cause (i) the Trust Account to be liquidated and
distributed to the holders of the IPO shares as soon as reasonably practicable and, in any event, no later than the Termination Date, and (ii) the Company to dissolve and liquidate as soon as
practicable (the earliest date on which the conditions in clauses (i) and (ii) are both satisfied being the "Liquidation Date"). The undersigned hereby waives any and all right, title,
interest or claim of any kind in or to any liquidating distributions by the Company, except with respect to any of the IPO Shares acquired by the undersigned in connection with or following the IPO,
and any remaining net assets of the Company as a result of such liquidation, and hereby further waives any claim the undersigned may have in the future as a result of, or arising out of, any contracts
or agreements with the Company and agrees to not seek recourse against the Trust Account for any reason whatsoever. The undersigned agrees to indemnify and hold harmless the Company against any and
all loss, liability, claims, damage and expense whatsoever (including, but not limited to, any and all legal or other expenses reasonably incurred in investigating, preparing or defending against any
litigation, whether pending or threatened, or any claim whatsoever) which the Company may become subject as a result of any claim by any vendors or other entities that are owed money by the Company
for services rendered, or contracted for, or products sold to us or the claims of any target businesses, but only to the extent such vendors, service providers or other entities have not executed
waivers or have executed waivers that are held to be invalid or unenforceable, and only to the extent necessary to ensure that such loss, liability, claim, damage or expense does not reduce the amount
in the Trust Fund; provided, however, that such indemnity shall be limited to the extent of the undersigned's pro rata beneficial ownership of the Company. The undersigned hereby agrees that the
Company shall be entitled to a reimbursement from the undersigned for any distribution of the Trust Account received by the undersigned in respect of such person's Insider Shares or Private Placement
Shares. 

        3.     In
order to minimize potential conflicts of interest which may arise from multiple affiliations, the undersigned agrees to present to the Company for its consideration,
prior to presentation to any other person or entity, opportunities to acquire entities, until the earlier of the consummation by the 

Company
of a Business Combination, the liquidation of the Company or until such time as the undersigned ceases to be an officer or director of the Company, subject to any pre-existing
fiduciary or contractual obligations the undersigned might have. Each pre-existing fiduciary or contractual obligation the undersigned has is listed on Schedule 2 hereto. 

        4.     The
undersigned acknowledges and agrees that the Company will not consummate any Business Combination which involves a company which is affiliated with any of the
Insiders unless the Company obtains an opinion from an independent investment banking firm reasonably acceptable to the Underwriter that is a member of the National Association of Securities
Dealers, Inc. that the business combination is fair to the Company's stockholders from a financial perspective. 

        5.     Neither
the undersigned, any member of the Immediate Family of the undersigned, nor any Affiliate of the undersigned will be entitled to receive, and will not accept, any
compensation for services rendered to the Company prior to, or in connection with, the consummation of the Business Combination; provided that, (i) commencing on the Effective Date, Vanderbilt
Interests, LLC (the "Related Party") shall be allowed to charge the Company $7,500 per month, representing an allocable share of Related Party's
overhead, to compensate it for the Company's use of the Related Party's offices, utilities and personnel. The Related Party and the undersigned shall also be entitled to reimbursement from the Company
for their reasonable out-of-pocket expenses incurred in connection with seeking and consummating a Business Combination. 

        6.     The
undersigned agrees that none of the undersigned, any member of the Immediate Family of the undersigned or any Affiliate of the undersigned will be entitled to receive
or accept, and the undersigned, on behalf of the undersigned and the aforementioned parties, hereby waives any rights to, a finder's fee or any other compensation in the event the undersigned, any
member of the Immediate Family of the undersigned or any Affiliate of the undersigned originates a Business Combination. 

        7.     The
undersigned will, as specified in the Securities Escrow Agreement which the Company will enter into with the undersigned and an escrow agent acceptable to the
Company, escrow its, his or her Insider Shares and Private Placement Securities for the period commencing on the Effective Date and ending one year after the consummation of a Business Combination or
(ii) the date on which the Company gives the escrow agent notice that the Company is being liquidated, at which time the escrow agent will destroy such Insider Shares and Private Placement
Securities. 

        8.     The
undersigned agrees to be a director of the Company until the earlier of the consummation by the Company of a Business Combination or the liquidation of the Company.
The undersigned's biographical information furnished to the Company and the Underwriter and attached hereto as Exhibit A is true and accurate in all respects, does not omit any material
information with respect to the undersigned's background and contains all of the information required to be disclosed pursuant to Section 401 of Regulation S-K, promulgated
under the Securities Act of 1933. The undersigned's Questionnaire furnished to the Company and the Underwriter and annexed as Exhibit B hereto is true and accurate in all respects. 

        9.     The
undersigned represents and warrants to the Company and the Underwriter that: 

        (a)   The
undersigned is not subject to or a respondent in any legal action for, any injunction, cease-and-desist order or order or stipulation to
desist or refrain from any act or practice relating to the offering of securities in any jurisdiction; 

        (b)   The
undersigned has never been convicted of or pleaded guilty to any crime (i) involving any fraud, (ii) relating to any financial transaction or handling
of funds of another person, or (iii) pertaining to any dealings in any securities, and such person is not currently a defendant in any such criminal proceeding; and 

        (c)   The
undersigned has never been suspended or expelled from membership in any securities or commodities exchange or association or had a securities or commodities license
or registration denied, suspended or revoked. 

        10.   The
undersigned has full right and power, without violating any agreement by which the undersigned is bound, to enter into this letter agreement and to serve as a member
of the Board of Directors of the Company. 

        11.   The
undersigned acknowledges and understands that the Underwriter and the Company will rely upon the agreements, representations and warranties set forth herein in
proceeding with the IPO. 

        12.   This
letter agreement shall be binding on the undersigned and such person's respective successors, heirs, personal representatives and assigns. This letter agreement
shall terminate on the earlier of (i) the Business Combination Date, or (ii) the Termination Date; provided, however, that any such
termination shall not relieve the undersigned from any liability resulting from or arising out of any breach of any agreement or covenant hereunder occurring prior to the termination of this letter
agreement. 

        13.   The
undersigned authorizes any employer, financial institution or consumer credit reporting agency to release to the Underwriter and its legal representatives or agents
(including any investigative search firm retained by the Underwriter) any information they may have about the undersigned's background and finances
("Information"). Neither the Underwriter nor its agents shall be violating the undersigned's right of privacy in any manner in requesting and obtaining
the Information, and the undersigned hereby releases them from liability for any damage whatsoever in that connection. 

        14.   This
letter agreement shall be governed by and interpreted and construed in accordance with the laws of the State of New York applicable to contracts formed and to be
performed entirely within the State of New York, without regard to the conflicts of law provisions thereof to the extent such principles and rules would require or permit the application of the laws
of another jurisdiction. The undersigned hereby agrees that any action, proceeding or claim against the undersigned arising out of or relating in any way to this Agreement shall be brought and
enforced in the courts of the State of New York or the United States District Court for the Southern District of New York, and irrevocably submits to such jurisdiction, which jurisdiction shall be
exclusive. The undersigned hereby waives any objection to such exclusive jurisdiction and that such courts represent an inconvenient forum. 

        15.   No
term or provision of this letter agreement may be amended, changed, waived, altered or modified except by written instrument executed and delivered by the party
against whom such amendment, change, waiver, alteration or modification is to be enforced. 

	 	    
 John Russell	 	 

	ACCEPTED AND AGREED:	 
	
DEUTSCHE BANK SECURITIES INC.	

 
	

By:	

    
	

 
	Name:	 	 
	Title:	 	 
	

ACCEPTED AND AGREED:	

 
	
VANTAGE ENERGY SERVICES, INC.	

 
	

By:	

    
	

 
	Name:	 	 
	Title:	 	 

 
 

SCHEDULE 1    
    
    SUPPLEMENTAL COMMON DEFINITIONS    
    

        Unless the context shall otherwise require, the following terms shall have the following respective meanings for all purposes, and the
following definitions are equally applicable to both the singular and the plural forms of the terms defined.

        "Affiliate" shall have the meaning ascribed to it in Rule 12b-2 of the General Rules and Regulations under the
Securities Exchange Act of 1934, as amended. 

        "Business Combination" shall mean the acquisition by the Company, whether by merger, capital stock exchange, asset acquisition,
exchangeable share transaction, stock purchase or other similar type of transaction, or any combination of the foregoing, of one or more domestic or international operating businesses in the oilfield
services industry or related industries, having, collectively, a fair market value equal to at least 80% of the Company's net assets (excluding deferred underwriting discounts and commissions) at the
time of such merger, capital stock exchange, asset acquisition, exchangeable share transaction, stock purchase or other similar business combination. 

        "Business Combination Date" shall mean the date upon which a Business Combination is consummated. 

        "Effective Date" shall mean the date upon which the Registration Statement is declared effective under the Securities Act of 1933, as
amended, by the SEC. 

        "Immediate Family" shall mean, with respect to any person, such person's spouse, lineal descendents, father, mother, brothers or sisters
(including any such relatives by adoption or marriage). 

        "Insiders" shall mean all of the officers, directors and stockholders of the Company immediately prior to the Company's IPO. 

        "Insider Shares" shall mean all shares of Common Stock of the Company owned by an Insider immediately prior to the Private Placement and
the Company's IPO. For the avoidance of doubt,
Insider Shares shall not include any Private Placement Shares and any IPO Shares purchased by Insiders in connection with or subsequent to the Company's IPO. 

        "IPO Shares" shall mean all shares of Common Stock issued by the Company in its IPO, regardless of whether such shares were issued to an
Insider or otherwise. 

        "Private Placement" shall mean the private placement by the Company of 375,000 units of securities and 3,000,000 warrants to purchase
Common Stock prior to the IPO. 

        "Private Placement Shares" shall mean the shares of Common Stock included in the units issued in the Private Placement. 

        "Private Placement Securities" shall mean the units, each consisting of one share of Common Stock and one warrant, and the warrants issued
in the Private Placement. 

        "Prospectus" shall mean the final prospectus filed pursuant to Rule 424(b) under the Securities Act of 1933, as amended, and
included in the Registration Statement. 

        "Registration Statement" shall mean the registration statement filed by the Company on Form S-1 with the SEC, and any
amendment or supplement thereto, in connection with the Company's IPO. 

        "SEC" shall mean the United States Securities and Exchange Commission. 

        "Termination Date" shall mean the date that is 90 calendar days immediately following the Transaction Failure Date. 

        "Transaction Failure" shall mean the failure to consummate a Business Combination within 18 months of the Effective Date (or
24 months after the Effective Date, if a letter of intent, agreement in principle or definitive agreement has been executed within 18 months after the Effective Date and 

the
Business Combination relating thereto has not yet been consummated within such 18-month period). 

        "Transaction Failure Date" shall mean the 18-month anniversary of the Effective Date (or the 24 month anniversary of
the Effective Date, if a letter of intent, agreement in principle or definitive agreement has been executed within 18 months after the Effective Date and the Business Combination relating
thereto has not yet been consummated within such 18-month period). 

        "Trust Account" shall mean that certain trust account established by Deutsche Bank Trust Company Americas, maintained by Continental Stock
Transfer & Trust Company, acting as trustee, and in which the Company deposited the "funds to be held in trust," as described in the Prospectus. 

 
 

SCHEDULE 2    
    
    PRE-EXISTING FIDUCIARY OR CONTRACTUAL OBLIGATIONS    
    

None 

 
 

EXHIBIT A    
    
    BIOGRAPHY    
    

John Russell has served as a Director since our inception. Except for actively managing personal investments, Mr. Russell has not been involved
in relevant business activity since October 1998. Mr. Russell served as President of Baker Hughes from August 1998 until his retirement in October 1998. Previously, he
served as President and Chief Executive Officer of Western Atlas from 1997 until August 1998, when the company was acquired by Baker Hughes Incorporated. Mr. Russell previously served as
Executive Vice President and Chief Operating Officer, Oilfield Services, of Western Atlas from 1994 until the spin-off of the company from Litton Industries, when he was named President
and Chief Executive Officer of the company. Mr. Russell served as President and Chief Executive Officer of Western Atlas International, Inc., the Company's principal operating
subsidiary, from 1991 to 1994. Mr. Russell was Senior Vice President of Litton Industries and Group Executive of Litton's Resource Exploration Services Group from 1991 to 1994.
Mr. Russell served as a member of the National Petroleum Council. 

 
 

EXHIBIT B    
    
    QUESTIONNAIRE    
    

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SCHEDULE 1 SUPPLEMENTAL COMMON DEFINITIONS

SCHEDULE 2 PRE-EXISTING FIDUCIARY OR CONTRACTUAL OBLIGATIONS

EXHIBIT A BIOGRAPHY

EXHIBIT B QUESTIONNAIREQuickLinks
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Exhibit 10.3  

 
 
TECHTARGET, INC.

2007 STOCK OPTION AND INCENTIVE PLAN  

SECTION 1.    GENERAL
PURPOSE OF THE PLAN; DEFINITIONS 

        The
name of the plan is the TechTarget, Inc. 2007 Stock Option and Incentive Plan (the "Plan"). The purpose of the Plan is to encourage and enable the officers,
employees, Non-Employee Directors and other key persons (including consultants and prospective employees) of TechTarget, Inc. (the "Company") and its Subsidiaries upon whose
judgment, initiative and efforts the Company largely depends for the successful conduct of its business to acquire a proprietary interest in the Company. It is anticipated that providing such persons
with a direct stake in the Company's welfare will assure a closer identification of their interests with those of the Company and its stockholders, thereby stimulating their efforts on the Company's
behalf and strengthening their desire to remain with the Company. 

        The
following terms shall be defined as set forth below: 

        "Act" means the Securities Act of 1933, as amended, and the rules and regulations thereunder. 

        "Award" or "Awards," except where referring to a particular category of grant under the
Plan, shall include Incentive Stock Options, Non-Qualified Stock Options, Stock Appreciation Rights, Deferred Stock Awards, Restricted Stock Awards, Unrestricted Stock Awards,
Cash-based Awards, Performance Share Awards and Dividend Equivalent Rights. 

        "Award Agreement" means a written or electronic agreement setting forth the terms and provisions applicable to an Award granted under the
Plan. Each Award Agreement is subject to the terms and conditions of the Plan. 

        "Board" means the Board of Directors of the Company. 

        "Cash-based Award" means an Award entitling the recipient to receive a cash-denominated payment. 

        "Code" means the Internal Revenue Code of 1986, as amended, and any successor Code, and related rules, regulations and interpretations. 

        "Committee" means the compensation committee of the Board or a similar committee performing the functions of the compensation committee
and which is comprised of not less than two Non-Employee Directors who are independent in accordance with stock exchange or other applicable rules. 

        "Covered Employee" means an employee who is a "Covered Employee" within the meaning of Section 162(m) of the Code. 

        "Deferred Stock Award" means an Award of phantom stock units to a grantee. 

        "Dividend Equivalent Right" means an Award entitling the grantee to receive credits based on cash dividends that would have been paid on
the shares of Stock specified in the Dividend Equivalent Right (or other award to which it relates) if such shares had been issued to and held by the grantee. 

        "Effective Date" means the date on which the Plan is approved by stockholders as set forth in Section 21. 

        "Exchange Act" means the Securities Exchange Act of 1934, as amended, and the rules and regulations thereunder. 

        "Fair Market Value" of the Stock on any given date means the fair market value of the Stock determined in good faith by the Committee;
provided, however, that if the Stock is admitted to quotation on the National Association of Securities Dealers Automated Quotation System 

 

("NASDAQ"),
NASDAQ Global Market or another national securities exchange, the determination shall be made by reference to market quotations. If there are no market quotations for such date, the
determination shall be made by reference to the last date preceding such date for which there are market quotations; provided further, however, that if the date for which Fair Market Value is
determined is the first day when trading prices for the Stock are reported on a national securities exchange, the Fair Market Value shall be the "Price to the Public" (or equivalent) set forth
on the cover page for the final prospectus relating to the Company's Initial Public Offering. 

        "Incentive Stock Option" means any Stock Option designated and qualified as an "incentive stock option" as defined in Section 422
of the Code. 

        "Initial Public Offering" means the consummation of the first fully underwritten, firm commitment public offering pursuant to an effective
registration statement under the Act covering the offer and sale by the Company of its equity securities, or such other event as a result of or following which the Stock shall be publicly held. 

        "Non-Employee Director" means a member of the Board who is not also an employee of the Company or any Subsidiary. 

        "Non-Qualified Stock Option" means any Stock Option that is not an Incentive Stock Option. 

        "Option" or "Stock Option" means any option to purchase shares of Stock granted pursuant
to Section 5. 

        "Performance-based Award" means any Restricted Stock Award, Deferred Stock Award, Performance Share Award or Cash-based Award
granted to a Covered Employee that is intended to qualify as "performance-based compensation" under Section 162(m) of the Code and the regulations promulgated thereunder. 

        "Performance Criteria" means the criteria that the Committee selects for purposes of establishing the Performance Goal or Performance
Goals for an individual for a Performance Cycle. The Performance Criteria (which shall be applicable to the organizational level specified by the Committee, including, but not limited to, the Company
or a unit, division, group, or Subsidiary of the Company) that will be used to establish Performance Goals are limited to the following: earnings before interest, taxes, depreciation and amortization
("EBITDA"), EBITDA as adjusted for non-cash expenses (such as stock-based compensation expenses), net income (loss) (either before or after interest, taxes, depreciation and/or
amortization), changes in the market price of the Stock, economic value-added, funds from operations or similar measure, sales or revenue, acquisitions or strategic transactions, operating income
(loss), cash flow (including, but not limited to, operating cash flow and free cash flow), return on capital, assets, equity, or investment, stockholder returns, return on sales, gross or net profit
levels, productivity, expense, margins, operating efficiency, customer satisfaction, working capital, earnings (loss) per share of Stock, sales or market shares and number of customers, any of which
may be measured either in absolute terms or as compared to any incremental increase or as compared to results of a peer group. 

        "Performance Cycle" means one or more periods of time, which may be of varying and overlapping durations, as the Committee may select,
over which the attainment of one or more Performance Criteria will be measured for the purpose of determining a grantee's right to and the payment of a Restricted Stock Award, Deferred Stock Award,
Performance Share Award or Cash-based Award. 

        "Performance Goals" means, for a Performance Cycle, the specific goals established in writing by the Committee for a Performance Cycle
based upon the Performance Criteria. 

        "Performance Share Award" means an Award entitling the recipient to acquire shares of Stock upon the attainment of specified Performance
Goals. 

2

 

        "Restricted Stock Award" means an Award entitling the recipient to acquire, at such purchase price (which may be zero) as determined by
the Committee, shares of Stock subject to such restrictions and conditions as the Committee may determine at the time of grant. 

        "Sale Event" shall mean (i) the dissolution or liquidation of the Company, (ii) the sale of all or substantially all of the
assets of the Company on a consolidated basis to an unrelated person or entity, (iii) a merger, reorganization or consolidation in which the outstanding shares of Stock are converted into or
exchanged for securities of the successor entity and the holders of the Company's outstanding voting power immediately prior to such transaction do not own a majority of the outstanding voting
power of the successor entity immediately upon completion of such transaction, or (iv) the sale of all of the Stock of the Company to an unrelated person or entity. 

        "Sale Price" means the value as determined by the Committee of the consideration payable, or otherwise to be received by stockholders, per
share of Stock pursuant to a Sale Event. 

        "Section 409A" means Section 409A of the Code and the regulations and other guidance promulgated thereunder. 

        "Stock" means the Common Stock, par value $0.001 per share, of the Company, subject to adjustments pursuant to Section 3. 

        "Stock Appreciation Right" means an Award entitling the recipient to receive shares of Stock having a value equal to the excess of the
Fair Market Value of the Stock on the date of exercise over the exercise price of the Stock Appreciation Right multiplied by the number of shares of Stock with respect to which the Stock Appreciation
Right shall have been exercised. 

        "Subsidiary" means any corporation or other entity (other than the Company) in which the Company has at least a 50 percent
interest, either directly or indirectly. 

        "Ten Percent Owner" means an employee who owns or is deemed to own (by reason of the attribution rules of Section 424(d) of
the Code) more than 10 percent of the combined voting power of all classes of stock of the Company or any parent or subsidiary corporation. 

        "Unrestricted Stock Award" means an Award of shares of Stock free of any restrictions. 

SECTION 2.    ADMINISTRATION
OF PLAN; COMMITTEE AUTHORITY TO SELECT GRANTEES AND DETERMINE AWARDS 

        (a)   Committee.    The
Plan shall be administered by the Committee. 

        (b)   Powers
of Committee.    The Committee shall have the power and authority to grant Awards consistent with the terms of the Plan,
including the power and authority: 

        (i)    to
select the individuals to whom Awards may from time to time be granted; 

        (ii)   to
determine the time or times of grant, and the extent, if any, of Incentive Stock Options, Non-Qualified Stock Options, Stock Appreciation Rights,
Restricted Stock Awards, Deferred Stock Awards, Unrestricted Stock Awards, Cash-based Awards, Performance Share Awards and Dividend Equivalent Rights, or any combination of the foregoing,
granted to any one or more grantees; 

        (iii)  to
determine the number of shares of Stock to be covered by any Award; 

        (iv)  to
determine and modify from time to time the terms and conditions, including restrictions, not inconsistent with the terms of the Plan, of any Award, which terms and
conditions may differ among individual Awards and grantees, and to approve the form of written instruments evidencing the Awards; 

        (v)   to
accelerate at any time the exercisability or vesting of all or any portion of any Award; 

3

 

        (vi)  subject
to the provisions of Section 5(b), to extend at any time the period in which Stock Options may be exercised; and 

        (vii) at
any time to adopt, alter and repeal such rules, guidelines and practices for administration of the Plan and for its own acts and proceedings as it shall deem
advisable; to interpret the terms and provisions of the Plan and any Award (including related written instruments); to make all determinations it deems advisable for the administration of the Plan; to
decide all disputes arising in connection with the Plan; and to otherwise supervise the administration of the Plan. 

        All
decisions and interpretations of the Committee shall be binding on all persons, including the Company and Plan grantees. 

        (c)   Delegation
of Authority to Grant Options.    Subject to applicable law, the Committee, in its discretion, may delegate to the
Chief Executive Officer of the Company all or part of the Committee's authority and duties with respect to the granting of Options, to individuals who are (i) not subject to the reporting and
other provisions of Section 16 of the Exchange Act and (ii) not Covered Employees. Any such delegation by the Committee shall include a limitation as to the amount of Options that may be
granted during the period of the delegation and shall contain guidelines as to the determination of the exercise price and the vesting criteria. The Committee may revoke or amend the terms of a
delegation at any time but such action shall not invalidate any prior actions of the Committee's delegate or delegates that were consistent with the terms of the Plan. 

        (d)   Award
Agreement.    Awards under the Plan shall be evidenced by Award Agreements that set forth the terms, conditions and
limitations for each Award which may include, without limitation, the term of an Award, the provisions applicable in the event employment or service terminates, and the Company's authority to
unilaterally or bilaterally amend, modify, suspend, cancel or rescind an Award. 

        (e)   Indemnification.    Neither
the Board nor the Committee, nor any member of either or any delegate thereof, shall be liable for any
act, omission, interpretation, construction or determination made in good faith in connection with the Plan, and the members of the Board and the Committee (and any delegate thereof) shall be
entitled in all cases to indemnification and reimbursement by the Company in respect of any claim, loss, damage or expense (including, without limitation, reasonable attorneys' fees) arising or
resulting therefrom to the fullest extent permitted by law and/or under the Company's articles or bylaws or any directors' and officers' liability insurance coverage which may be in effect from time
to time and/or any indemnification agreement between such individual and the Company. 

        (f)    Foreign
Award Recipients.    Notwithstanding any provision of the Plan to the contrary, in order to comply with the laws in
countries other than the United States in which the Company and its Subsidiaries operate or have employees or other individuals eligible for Awards, the Committee, in its sole discretion, shall
have the power and authority to: (i) determine which Subsidiaries shall be covered by the Plan; (ii) determine which individuals outside the United States are eligible to
participate in the Plan; (iii) modify the terms and conditions of any Award granted to individuals outside the United States to comply with applicable foreign laws; (iv) establish
subplans and modify exercise procedures and other terms and procedures, to the extent the Committee determines such actions to be necessary or advisable (and such subplans and/or modifications
shall be attached to this Plan as appendices); provided, however, that no such subplans and/or modifications shall increase the share limitations contained in Section 3(a) hereof; and
(v) take any action, before or after an Award is made, that the Committee determines to be necessary or advisable to obtain approval or comply with any local governmental regulatory exemptions
or approvals. Notwithstanding the foregoing, the Committee may not take any actions hereunder, and no Awards shall be granted, that would violate the Exchange Act or any other applicable
United States securities law, the Code, or any other applicable United States governing statute or law. 

4

 

SECTION 3.    STOCK
ISSUABLE UNDER THE PLAN; MERGERS; SUBSTITUTION 

        (a)   Stock
Issuable.    The maximum number of shares of Stock reserved and available for issuance under the Plan shall be the sum of
(i) 11,646,667 shares, (ii) the number of shares equal to the number of shares of Stock underlying the Awards returned to the Company's 1999 Stock Option Plan after the Effective Date,
as a result of expiration, cancellation or termination of such Awards and (iii) on each January 1, starting with January 1, 2008, an additional number of shares equal to the
lesser of (A) 2% of the outstanding number of shares of Stock (on a fully-diluted basis) on the immediately preceding December 31 and (B) such lower number of shares of
Stock as may be determined by the Committee, subject in all cases to adjustment as provided in Section 3(b); provided that no more than 11,646,667 shares of Stock may be issued in the
form of Incentive Stock Options. For purposes of this limitation, the shares of Stock underlying any Awards that are forfeited, canceled, held back upon exercise of an Option or settlement of an Award
to cover the exercise price or tax withholding, reacquired by the Company prior to vesting, satisfied without the issuance of Stock or otherwise terminated (other than by exercise) shall be added back
to the shares of Stock available for issuance under the Plan. Subject to such overall limitations, shares of Stock may be issued up to such maximum number pursuant to any type or types of Award;
provided, however, that Stock Options or Stock Appreciation Rights with respect to no more than 5,000,000 shares of Stock may be granted to any one individual grantee during any one calendar
year period. The shares available for issuance under the Plan may be authorized but unissued shares of Stock or shares of Stock reacquired by the Company. 

        (b)   Changes
in Stock.    Subject to Section 3(c) hereof, if, as a result of any reorganization, recapitalization,
reclassification, stock dividend, stock split, reverse stock split or other similar change in the Company's capital stock, the outstanding shares of Stock are increased or decreased or are exchanged
for a different number or kind of shares or other securities of the Company, or additional shares or new or different shares or other securities of the Company or other non-cash assets are
distributed with respect to such shares of Stock or other securities, or, if, as a result of any merger or consolidation, sale of all or substantially all of the assets of the Company, the outstanding
shares of Stock are converted into or exchanged for securities of the Company or any successor entity (or a parent or subsidiary thereof), the Committee shall make an appropriate or
proportionate adjustment in (i) the maximum number of shares reserved for issuance under the Plan, (ii) the number of Stock Options or Stock Appreciation Rights that can be granted to
any one individual grantee and the maximum number of shares that may be granted under a Performance-based Award, (iii) the number and kind of shares or other securities subject to any then
outstanding Awards under the Plan, (iv) the repurchase price, if any, per share subject to each outstanding Restricted Stock Award, and (v) the price for each share subject to any then
outstanding Stock Options and Stock Appreciation Rights under the Plan, without changing the aggregate exercise price (i.e., the exercise price multiplied by the number of Stock Options and
Stock Appreciation Rights) as to which such Stock Options and Stock Appreciation Rights remain exercisable. The Committee shall also make equitable or proportionate adjustments in the number of shares
subject to outstanding Awards and the exercise price and the terms of outstanding Awards to take into consideration cash dividends paid other than in the ordinary course or any other extraordinary
corporate event. Notwithstanding the foregoing, no adjustment shall be made under this Section 3(b) if the Committee determines that such action could cause any Award to fail to satisfy the
conditions of any applicable exception from the requirements of Section 409A or otherwise could subject the grantee to the additional tax imposed under Section 409A in respect of
an outstanding Award or constitute a modification, extension or renewal of an Incentive Stock Option within the meaning of Section 424(h) of the Code. The adjustment by the Committee shall be
final, binding and conclusive. No fractional shares of Stock shall be issued under the Plan resulting from any such adjustment, but the Committee in its discretion may make a cash payment in lieu of
fractional shares. 

5

 

        (c)   Mergers
and Other Transactions.    In the case of and subject to the consummation of a Sale Event, all Awards that are not
exercisable, vested and/or nonforfeitable prior to the effective time of such Sale Event may become exercisable, vested and/or nonforfeitable in connection with such Sale Event as specified by the
Committee with respect to particular Awards in the relevant Award documentation or otherwise. Upon the effective time of the Sale Event, the Plan and all outstanding Awards granted hereunder shall
terminate, unless provision is made in connection with the Sale Event in the sole discretion of the parties thereto for the assumption or continuation of Awards theretofore granted by the successor
entity, or the substitution of such Awards with new Awards of the successor entity or parent thereof, with appropriate adjustment as to the number and kind of shares and, if appropriate, the per share
exercise prices, as such parties shall agree (after taking into account any acceleration). In the event of such termination, each grantee shall be permitted, within a specified period of time prior to
the consummation of the Sale Event as determined by the Committee, to exercise all outstanding Options and Stock Appreciation Rights held by such grantee, including those that will become exercisable
upon the consummation of the Sale Event; provided, however, that the exercise of Options and Stock Appreciation Rights not exercisable prior to the Sale Event shall be subject to the consummation of
the Sale Event. 

        Notwithstanding
anything to the contrary in this Section 3(c), in the event of a Sale Event pursuant to which holders of the Stock of the Company will receive upon consummation
thereof a cash payment for each share surrendered in the Sale Event, the Company shall have the right, but not the obligation, to make or provide for a cash payment to the grantees holding Options and
Stock Appreciation Rights, in exchange for the cancellation thereof, in an amount equal to the difference between (A) the Sale Price times the number of shares of Stock subject to outstanding
Options and Stock Appreciation Rights (to the extent then exercisable at prices not in excess of the Sale Price) and (B) the aggregate exercise price of all such outstanding Options and
Stock Appreciation Rights. 

        (d)   Substitute
Awards.    The Committee may grant Awards under the Plan in substitution for stock and stock based awards held by
employees, directors or other key persons of another corporation in connection with the merger or consolidation of the employing corporation with the Company or a Subsidiary or the acquisition by the
Company or a Subsidiary of property or stock of the employing corporation. The Committee may direct that the substitute awards be granted on such terms and conditions as the Committee considers
appropriate in the circumstances. Any substitute Awards granted under the Plan shall not count against the share limitation set forth in Section 3(a). 

SECTION 4.    ELIGIBILITY 

        Grantees
under the Plan will be such full or part-time officers and other employees, Non-Employee Directors and key persons (including consultants and prospective
employees) of the Company and its Subsidiaries as are selected from time to time by the Committee in its sole discretion. 

SECTION 5.    STOCK
OPTIONS 

        Any
Stock Option granted under the Plan shall be in such form as the Committee may from time to time approve. 

        Stock
Options granted under the Plan may be either Incentive Stock Options or Non-Qualified Stock Options. Incentive Stock Options may be granted only to employees of the
Company or any Subsidiary that is a "subsidiary corporation" within the meaning of Section 424(f) of the Code. To the extent that any Option does not qualify as an Incentive Stock Option, it
shall be deemed a Non-Qualified Stock Option. 

        The
Committee in its discretion may grant Stock Options to eligible employees, non-employee directors and key persons of the Company or any Subsidiary. Stock Options granted
pursuant to this Section 5 shall be subject to the following terms and conditions and shall contain such additional terms and conditions, not inconsistent with the terms of the Plan, as the
Committee shall deem desirable. If 

6

 

the
Committee so determines, Stock Options may be granted in lieu of cash compensation at the optionee's election, subject to such terms and conditions as the Committee may establish. 

        (a)   Exercise
Price.    The exercise price per share for the Stock covered by a Stock Option granted pursuant to this Section 5
shall be determined by the Committee at the time of grant but shall not be less than 100 percent of the Fair Market Value on the date of grant. In the case of an Incentive Stock Option that is
granted to a Ten Percent Owner, the option price of such Incentive Stock Option shall be not less than 110 percent of the Fair Market Value on the grant date. 

        (b)   Option
Term.    The term of each Stock Option shall be fixed by the Committee, but no Stock Option shall be exercisable more than
ten years after the date the Stock Option is granted. In the case of an Incentive Stock Option that is granted to a Ten Percent Owner, the term of such Stock Option shall be no more than five years
from the date of grant. 

        (c)   Exercisability;
Rights of a Stockholder.    Stock Options shall become exercisable at such time or times, whether or not in
installments, as shall be determined by the Committee at or after the grant date. The Committee may at any time accelerate the exercisability of all or any portion of any Stock Option. An optionee
shall have the rights of a stockholder only as to shares acquired upon the exercise of a Stock Option and not as to unexercised Stock Options. 

        (d)   Method
of Exercise.    Stock Options may be exercised in whole or in part, by giving written notice of exercise to the Company,
specifying the number of shares to be purchased. Payment of the purchase price may be made by one or more of the following methods to the extent provided in the Option Award Agreement: 

        (i)    In
cash, by certified or bank check or other instrument acceptable to the Committee; 

        (ii)   Through
the delivery (or attestation to the ownership) of shares of Stock that have been purchased by the optionee on the open market or that are beneficially
owned by the optionee and are not then subject to restrictions under any Company plan. Such surrendered shares shall be valued at Fair Market Value on the exercise date. To the extent required to
avoid variable accounting treatment under
FAS 123R or other applicable accounting rules, such surrendered shares shall have been owned by the optionee for at least six months; or 

        (iii)  By
the optionee delivering to the Company a properly executed exercise notice together with irrevocable instructions to a broker to promptly deliver to the Company
cash or a check payable and acceptable to the Company for the purchase price; provided that in the event the optionee chooses to pay the purchase price as so provided, the optionee and the broker
shall comply with such procedures and enter into such agreements of indemnity and other agreements as the Committee shall prescribe as a condition of such payment procedure. 

        Payment
instruments will be received subject to collection. The transfer to the optionee on the records of the Company or of the transfer agent of the shares of Stock to be purchased
pursuant to the exercise of a Stock Option will be contingent upon receipt from the optionee (or a purchaser acting in his stead in accordance with the provisions of the Stock Option) by the
Company of the full purchase price for such shares and the fulfillment of any other requirements contained in the Option Award Agreement or applicable provisions of laws (including the satisfaction of
any withholding taxes that the Company is obligated to withhold with respect to the optionee). In the event an optionee chooses to pay the purchase price by previously-owned shares of Stock through
the attestation method, the number of shares of Stock transferred to the optionee upon the exercise of the Stock Option shall be net of the number of shares attested to. In the event that the Company
establishes, for itself or using the services of a third party, an automated system for the exercise of Stock Options, such as a system using an internet website or interactive voice response, then
the paperless exercise of Stock Options may be permitted through the use of such an automated system. 

7

   
        (e)   Annual Limit on Incentive Stock Options.    To the extent required for "incentive stock option" treatment under Section 422
of the Code, the aggregate Fair Market Value (determined as of the time of grant) of the shares of Stock with respect to which Incentive Stock Options granted under this Plan and any other plan of the
Company or its parent and subsidiary corporations become exercisable for the first time by an optionee during any calendar year shall not exceed $100,000. To the extent that any Stock Option exceeds
this limit, it shall constitute a Non-Qualified Stock Option. 

SECTION 6.    STOCK
APPRECIATION RIGHTS 

        (a)   Exercise
Price of Stock Appreciation Rights.    The exercise price of a Stock Appreciation Right shall not be less than
100 percent of the Fair Market Value of the Stock on the date of grant (or more than the Stock Option exercise price per share, if the Stock Appreciation Right was granted in tandem with
a Stock Option). 

        (b)   Grant
and Exercise of Stock Appreciation Rights.    Stock Appreciation Rights may be granted by the Committee in tandem with, or
independently of, any Stock Option granted pursuant to Section 5 of the Plan. In the case of a Stock Appreciation Right granted in tandem with a Non-Qualified Stock Option, such
Stock Appreciation Right may be granted either at or after the time of the grant of such Option. In the case of a Stock Appreciation Right granted in tandem with an Incentive Stock Option, such Stock
Appreciation Right may be granted only at the time of the grant of the Option. 

        A
Stock Appreciation Right or applicable portion thereof granted in tandem with a Stock Option shall terminate and no longer be exercisable upon the termination or exercise of the
related Option. 

        (c)   Terms
and Conditions of Stock Appreciation Rights.    Stock Appreciation Rights shall be subject to such terms and conditions as
shall be determined from time to time by the Committee, subject to the following: 

        (i)    Stock
Appreciation Rights granted in tandem with Options shall be exercisable at such time or times and to the extent that the related Stock Options shall
be exercisable. 

        (ii)   Upon
exercise of a Stock Appreciation Right, the applicable portion of any related Option shall be surrendered. 

SECTION 7.    RESTRICTED
STOCK AWARDS 

        (a)   Nature
of Restricted Stock Awards.    The Committee shall determine the restrictions and conditions applicable to each Restricted
Stock Award at the time of grant. Conditions may be based on continuing employment (or other service relationship) and/or achievement of pre-established performance goals and
objectives. The grant of a Restricted Stock Award is contingent on the grantee executing the Restricted Stock Award Agreement. The terms and conditions of each such Award Agreement shall be determined
by the Committee, and such terms and conditions may differ among individual Awards and grantees. 

        (b)   Rights
as a Stockholder.    Upon execution of the Restricted Stock Award Agreement and payment of any applicable purchase price, a
grantee shall have the rights of a stockholder with respect to the voting of the Restricted Stock, subject to such conditions contained in the Restricted Stock Award Agreement. Unless the Committee
shall otherwise determine, (i) uncertificated Restricted Stock shall be accompanied by a notation on the records of the Company or the transfer agent to the effect that they are subject to
forfeiture until such Restricted Stock are vested as provided in Section 7(d) below, and (ii) certificated Restricted Stock shall remain in the possession of the Company until such
Restricted Stock is vested as provided in Section 7(d) below, and the grantee shall be required, as a condition of the grant, to deliver to the Company such instruments of transfer as
the Committee may prescribe. 

8

 

        (c)   Restrictions.    Restricted
Stock may not be sold, assigned, transferred, pledged or otherwise encumbered or disposed of except as
specifically provided herein or in the Restricted Stock Award Agreement. Except as may otherwise be provided by the Committee either in the Award Agreement or, subject to Section 18 below, in
writing after the Award Agreement is issued if a grantee's employment (or other service relationship) with the Company and its Subsidiaries terminates for any reason, any Restricted Stock that
has not vested at the time of termination shall automatically and without any requirement of notice to such grantee from or other action by or on behalf of, the Company be deemed to have been
reacquired by the Company at its original purchase price, if any, from such grantee or such grantee's legal representative simultaneously with such termination of employment (or other service
relationship), and thereafter shall cease to represent any ownership of the Company by the grantee or rights of the grantee as a stockholder. Following such deemed reacquisition of unvested Restricted
Stock that are represented by physical certificates, a grantee shall surrender such certificates to the Company upon request without consideration. 

        (d)   Vesting
of Restricted Stock.    The Committee at the time of grant shall specify the date or dates and/or the attainment of
pre-established performance goals, objectives and other conditions on which the non-transferability of the Restricted Stock and the Company's right of repurchase or forfeiture
shall lapse. Subsequent to such date or dates and/or the attainment of such pre-established performance goals, objectives and other conditions, the shares on which all restrictions have
lapsed shall no longer be Restricted Stock and shall be deemed "vested." Except as may otherwise be provided by the Committee either in the Award Agreement or, subject to Section 18 below, in
writing after the Award Agreement is issued, a grantee's rights in any shares of Restricted Stock that have not vested shall automatically terminate upon the grantee's termination of employment
(or other service relationship) with the Company and its Subsidiaries and such shares shall be subject to the provisions of Section 7(c) above. 

SECTION 8.    DEFERRED
STOCK AWARDS 

        (a)   Nature
of Deferred Stock Awards.    The Committee shall determine the restrictions and conditions applicable to each Deferred
Stock Award at the time of grant. Conditions may be based on continuing employment (or other service relationship) and/or achievement of pre-established performance goals and
objectives. The grant of a Deferred Stock Award is contingent on the grantee executing the Deferred Stock Award Agreement. The terms and conditions of each such Award Agreement shall be determined by
the Committee, and such terms and conditions may differ among individual Awards and grantees. At the end of the deferral period, the Deferred Stock Award, to the extent vested, shall be settled in the
form of shares of Stock. 

        (b)   Election
to Receive Deferred Stock Awards in Lieu of Compensation.    The Committee may, in its sole discretion, permit a grantee
to elect to receive a portion of future cash compensation otherwise due to such grantee in the form of a Deferred Stock Award. Any such election shall be made in writing and shall be delivered to the
Company no later than the date specified by the Committee and in accordance with Section 409A and such other rules and procedures established by the Committee. Any such future cash
compensation that the grantee elects to defer shall be converted to a fixed number of phantom stock units based on the Fair Market Value of Stock on the date the compensation would otherwise have been
paid to the grantee if such payment had not been deferred as provided herein. The Committee shall have the sole right to determine whether and under what circumstances to permit such elections and to
impose such limitations and other terms and conditions thereon as the Committee deems appropriate. 

        (c)   Rights
as a Stockholder.    A grantee shall have the rights as a stockholder only as to shares of Stock acquired by the grantee
upon settlement of a Deferred Stock Award; provided, however, that the grantee may be credited with Dividend Equivalent Rights with respect to the phantom stock units 

9

 

underlying
his Deferred Stock Award, subject to such terms and conditions as the Committee may determine. 

        (d)   Termination.    Except
as may otherwise be provided by the Committee either in the Award Agreement or, subject to
Section 18 below, in writing after the Award Agreement is issued, a grantee's right in all Deferred Stock Awards that have not vested shall automatically terminate upon the grantee's
termination of employment (or cessation of service relationship) with the Company and its Subsidiaries for any reason. 

SECTION 9.    UNRESTRICTED
STOCK AWARDS 

        Grant
or Sale of Unrestricted Stock.    The Committee may, in its sole discretion, grant (or sell at par value or such higher purchase price
determined by the Committee) an Unrestricted Stock Award under the Plan. Unrestricted Stock Awards may be granted in respect of past services or other valid consideration, or in lieu of cash
compensation due to such grantee. 

SECTION 10.    CASH-BASED
AWARDS 

        (a)   Grant
of Cash-based Awards.    The Committee may, in its sole discretion, grant Cash-based Awards to any
grantee in such number or amount and upon such terms, and subject to such conditions, as the Committee shall determine at the time of grant. The Committee shall determine the maximum duration of the
Cash-based Award, the amount of cash to which the Cash-based Award pertains, the conditions upon which the Cash-based Award shall become vested or payable, and such
other provisions as the Committee shall determine. Each Cash-based Award shall specify a cash-denominated payment amount, formula or payment ranges as determined by the
Committee. Payment, if any, with respect to a Cash-based Award shall be made in accordance with the terms of the Award and may be made in cash or in shares of Stock, as the Committee
determines. 

SECTION 11.    PERFORMANCE
SHARE AWARDS 

        (a)   Nature
of Performance Share Awards.    The Committee may, in its sole discretion, grant Performance Share Awards independent of,
or in connection with, the granting of any other Award under the Plan. The Committee shall determine whether and to whom Performance Share Awards shall be granted, the Performance Goals, the periods
during which performance is to be measured, and such other limitations and conditions as the Committee shall determine. 

        (b)   Rights
as a Stockholder.    A grantee receiving a Performance Share Award shall have the rights of a stockholder only as to shares
actually received by the grantee under the Plan and not with respect to shares subject to the Award but not actually received by the grantee. A grantee shall be entitled to receive shares of Stock
under a Performance Share Award only upon satisfaction of all conditions specified in the Performance Share Award agreement (or in a performance plan adopted by the Committee). 

        (c)   Termination.    Except
as may otherwise be provided by the Committee either in the Award agreement or, subject to
Section 18 below, in writing after the Award agreement is issued, a grantee's rights in all Performance Share Awards shall automatically terminate upon the grantee's termination of employment
(or cessation of service relationship) with the Company and its Subsidiaries for any reason. 

SECTION 12.    PERFORMANCE-BASED
AWARDS TO COVERED EMPLOYEES 

        (a)   Performance-based
Awards.    Any employee or other key person providing services to the Company and who is selected by the
Committee may be granted one or more Performance-based Awards in the form of a Restricted Stock Award, Deferred Stock Award, Performance Share Award or Cash-based Award payable upon the
attainment of Performance Goals that are established by the Committee and relate to one or more of the Performance Criteria, in each case on a specified date or dates or over any period or periods
determined by the Committee. The Committee shall define in an 

10

 

objective
fashion the manner of calculating the Performance Criteria it selects to use for any Performance Period. Depending on the Performance Criteria used to establish such Performance Goals, the
Performance Goals may be expressed in terms of overall Company performance or the performance of a division, business unit, or an individual. The Committee, in its discretion, may adjust or modify the
calculation of Performance Goals for such Performance Period in order to prevent the dilution or enlargement of the rights of an individual (i) in the event of, or in anticipation of, any
unusual or extraordinary corporate item, transaction, event or development, (ii) in recognition of, or in anticipation of, any other unusual or nonrecurring events affecting the Company, or the
financial statements of the Company, or (iii) in response to, or in anticipation of, changes in applicable laws, regulations, accounting principles, or business conditions provided however,
that the Committee may not exercise such discretion in a manner that would increase the Performance-based Award granted to a Covered Employee. Each Performance-based Award shall comply with the
provisions set forth below. 

        (b)   Grant
of Performance-based Awards.    With respect to each Performance-based Award granted to a Covered Employee, the Committee
shall select, within the first 90 days of a Performance Cycle (or, if shorter, within the maximum period allowed under Section 162(m) of the Code) the Performance Criteria for such
grant, and the Performance Goals with respect to each Performance Criterion (including a threshold level of performance below which no amount will become payable with respect to such Award). Each
Performance-based Award will specify the amount payable, or the formula for determining the amount payable, upon achievement of the various applicable performance targets. The Performance Criteria
established by the Committee may be (but need not be) different for each Performance Cycle and different Performance Goals may be applicable to Performance-based Awards to different Covered
Employees. 

        (c)   Payment
of Performance-based Awards.    Following the completion of a Performance Cycle, the Committee shall meet to review and
certify in writing whether, and to what extent, the Performance Goals for the Performance Cycle have been achieved and, if so, to also calculate and certify in writing the amount of the
Performance-based Awards earned for the Performance Cycle. The Committee shall then determine the actual size of each Covered Employee's Performance-based Award, and, in doing so, may reduce or
eliminate the amount of the Performance-based Award for a Covered Employee if, in its sole judgment, such reduction or elimination is appropriate. 

        (d)   Maximum
Award Payable.    The maximum Performance-based Award payable to any one Covered Employee under the Plan for a Performance
Cycle is 5,000,000 shares (subject to adjustment as provided in Section 3(b) hereof) or $10,000,000 in the case of a Performance-based Award that is a Cash-based Award. 

SECTION 13.    DIVIDEND
EQUIVALENT RIGHTS 

        (a)   Dividend
Equivalent Rights.    A Dividend Equivalent Right may be granted hereunder to any grantee as a component of another Award
or as a freestanding award. The terms and conditions of Dividend Equivalent Rights shall be specified in the Award Agreement. Dividend equivalents credited to the holder of a Dividend Equivalent Right
may be paid currently or may be deemed to be reinvested in additional shares of Stock, which may thereafter accrue additional equivalents. Any such reinvestment shall be at Fair Market Value on the
date of reinvestment or such other price as may then apply under a dividend reinvestment plan sponsored by the Company, if any. Dividend Equivalent Rights may be settled in cash or shares of Stock or
a combination thereof, in a single installment or installments. A Dividend Equivalent Right granted as a component of another Award may provide that such Dividend Equivalent Right shall be settled
upon exercise, settlement, or payment of, or lapse of restrictions on, such other Award, and that such Dividend Equivalent Right shall expire or be forfeited or annulled under the same conditions as
such other Award. A Dividend Equivalent Right granted as a component of another Award may also contain terms and conditions different from such other Award. 

11

 

        (b)   Interest
Equivalents.    Any Award under this Plan that is settled in whole or in part in cash on a deferred basis may provide in
the grant for interest equivalents to be credited with respect to such cash payment. Interest equivalents may be compounded and shall be paid upon such terms and conditions as may be specified by
the grant. 

        (c)   Termination.    Except
as may otherwise be provided by the Committee either in the Award Agreement or, subject to
Section 18 below, in writing after the Award Agreement is issued, a grantee's rights in all Dividend Equivalent Rights or interest equivalents granted as a component of another Award that has
not vested shall automatically terminate upon the grantee's termination of employment (or cessation of service relationship) with the Company and its Subsidiaries for any reason. 

SECTION 14.    TRANSFERABILITY
OF AWARDS 

        (a)   Transferability.    Except
as provided in Section 14(b) below, during a grantee's lifetime, his or her Awards shall be
exercisable only by the grantee, or by the grantee's legal representative or guardian in the event of the grantee's incapacity. No Awards shall be sold, assigned, transferred or otherwise encumbered
or disposed of by a grantee other than by will or by the laws of descent and distribution. No Awards shall be subject, in whole or in part, to attachment, execution, or levy of any kind, and any
purported transfer in violation hereof shall be null and void. 

        (b)   Committee
Action.    Notwithstanding Section 14(a), the Committee, in its discretion, may provide either in the Award
Agreement regarding a given Award or by subsequent written approval that the grantee (who is an employee or director) may transfer his or her Awards (other than any Incentive Stock Options) to
his or her immediate family members, to trusts for the benefit of such family members, or to partnerships in which such family members are the only partners, provided that the transferee agrees in
writing with the Company to be bound by all of the terms and conditions of this Plan and the applicable Award. 

        (c)   Family
Member.    For purposes of Section 14(b), "family member" shall mean a grantee's child, stepchild, grandchild,
parent, stepparent, grandparent, spouse, former spouse, sibling, niece, nephew, mother-in-law, father-in-law, son-in-law,
daughter-in-law, brother-in-law, or sister-in-law, including adoptive relationships, any person sharing the grantee's household
(other than a tenant of the grantee), a trust in which these persons (or the grantee) have more than 50 percent of the beneficial interest, a foundation in which these persons
(or the grantee) control the management of assets, and any other entity in which these persons (or the grantee) own more than 50 percent of the voting interests. 

        (d)   Designation
of Beneficiary.    Each grantee to whom an Award has been made under the Plan may designate a beneficiary or
beneficiaries to exercise any Award or receive any payment under any Award payable on or after the grantee's death. Any such designation shall be on a form provided for that purpose by the Committee
and shall not be effective until received by the Committee. If no beneficiary has been designated by a deceased grantee, or if the designated beneficiaries have predeceased the grantee, the
beneficiary shall be the grantee's estate. 

SECTION 15.    TAX
WITHHOLDING 

        (a)   Payment
by Grantee.    Each grantee shall, no later than the date as of which the value of an Award or of any Stock or other
amounts received thereunder first becomes includable in the gross income of the grantee for Federal income tax purposes, pay to the Company, or make arrangements satisfactory to the Committee
regarding payment of, any Federal, state, or local taxes of any kind required by law to be withheld by the Company with respect to such income. The Company and its Subsidiaries shall, to the extent
permitted by law, have the right to deduct any such taxes from any payment of any kind otherwise due to the grantee. The Company's obligation to deliver evidence of book entry (or stock
certificates) to any grantee is subject to and conditioned on tax withholding obligations being satisfied by the grantee. 

12

 

        (b)   Payment
in Stock.    Subject to approval by the Committee, a grantee may elect to have the Company's minimum required tax
withholding obligation satisfied, in whole or in part, by (i) authorizing the Company to withhold from shares of Stock to be issued pursuant to any Award a number of shares with an aggregate
Fair Market Value (as of the date the withholding is effected) that would satisfy the withholding amount due, or (ii) transferring to the Company shares of Stock owned by the grantee
with an aggregate Fair Market Value (as of the date the withholding is effected) that would satisfy the withholding amount due. 

SECTION 16.    ADDITIONAL
CONDITIONS APPLICABLE TO NONQUALIFIED DEFERRED COMPENSATION UNDER SECTION 409A. 

        In
the event any Stock Option or Stock Appreciation Right under the Plan is materially modified and deemed a new grant at a time when the Fair Market Value exceeds the exercise price, or
any other Award is otherwise determined to constitute "nonqualified deferred compensation" within the meaning of Section 409A (a "409A Award"), the following additional conditions shall
apply and shall supersede any contrary provisions of this Plan or the terms of any agreement relating to such 409A Award. 

        (a)   Exercise
and Distribution.    Except as provided in Section 16(b) hereof, no 409A Award shall be exercisable or
distributable earlier than upon one of the following: 

        (i)    Specified
Time.    A specified time or a fixed schedule set forth in the written instrument evidencing the 409A Award. 

        (ii)   Separation
from Service.    Separation from service (within the meaning of Section 409A) by the 409A Award grantee;
provided, however, that if the 409A Award grantee is a "key employee" (as defined in Section 416(i) of the Code without regard to paragraph (5) thereof) and any of the Company's
Stock is publicly traded on an established securities market or otherwise, exercise or distribution under this Section 16(a)(ii) may not be made before the date that is six months after the
date of separation from service. 

        (iii)  Death.    The
date of death of the 409A Award grantee. 

        (iv)  Disability.    The
date the 409A Award grantee becomes disabled (within the meaning of Section 16(c)(ii) hereof). 

        (v)   Unforeseeable
Emergency.    The occurrence of an unforeseeable emergency (within the meaning of Section 16(c)(iii) hereof),
but only if the net value (after payment of the exercise price) of the number of shares of Stock that become issuable does not exceed the amounts necessary to satisfy such emergency plus amounts
necessary to pay taxes reasonably anticipated as a result of the exercise, after taking into account the extent to which the emergency is or may be relieved through reimbursement or compensation by
insurance or otherwise or by liquidation of the grantee's other assets (to the extent such liquidation would not itself cause severe financial hardship). 

        (vi)  Change
in Control Event.    The occurrence of a Change in Control Event (within the meaning of Section 16(c)(i) hereof),
including the Company's discretionary exercise of the right to accelerate vesting of such grant upon a Change in Control Event or to terminate the Plan or any 409A Award granted hereunder within
12 months of the Change in Control Event. 

        (b)   No
Acceleration.    A 409A Award may not be accelerated or exercised prior to the time specified in Section 16(a) hereof,
except in the case of one of the following events: 

        (i)    Domestic
Relations Order.    The 409A Award may permit the acceleration of the exercise or distribution time or schedule to an
individual other than the grantee as may be necessary to comply with the terms of a domestic relations order (as defined in Section 414(p)(1)(B) of the Code). 

13

 

        (ii)   Conflicts
of Interest.    The 409A Award may permit the acceleration of the exercise or distribution time or schedule as may be
necessary to comply with the terms of a certificate of divestiture (as defined in Section 1043(b)(2) of the Code). 

        (iii)  Change
in Control Event.    The Committee may exercise the discretionary right to accelerate the vesting of such 409A Award upon
a Change in Control Event or to terminate the Plan or any 409A Award granted thereunder within 12 months of the Change in Control Event and cancel the 409A Award for compensation. 

        (c)   Definitions.    Solely
for purposes of this Section 16 and not for other purposes of the Plan, the following terms
shall be defined as set forth below: 

        (i)    "Change
in Control Event" means the occurrence of a change in the ownership of the Company, a change in effective control of the Company, or a change in the ownership of
a substantial portion of the assets of the Company (as defined in Section 1.409A-3(g) of the proposed regulations promulgated under Section 409A by the Department of
the Treasury on September 29, 2005 or any subsequent guidance). 

        (ii)   "Disabled"
means a grantee who (i) is unable to engage in any substantial gainful activity by reason of any medically determinable physical or mental impairment
that can be expected to result in death or can be expected to last for a continuous period of not less than 12 months, or (ii) is, by reason of any medically determinable physical or
mental impairment that can be expected to result in death or can be expected to last for a continuous period of not less than 12 months, receiving income replacement benefits for a period of
not less than three months under an accident and health plan covering employees of the Company or its Subsidiaries. 

        (iii)  "Unforeseeable
Emergency" means a severe financial hardship to the grantee resulting from an illness or accident of the grantee, the grantee's spouse, or a dependent
(as defined in Section 152(a) of the Code) of the grantee, loss of the grantee's property due to casualty, or similar extraordinary and unforeseeable circumstances arising as a result of
events beyond the control of the grantee. 

SECTION 17.    TRANSFER,
LEAVE OF ABSENCE, ETC. 

        For
purposes of the Plan, the following events shall not be deemed a termination of employment: 

        (a)   a
transfer to the employment of the Company from a Subsidiary or from the Company to a Subsidiary, or from one Subsidiary to another; or 

        (b)   an
approved leave of absence for military service or sickness, or for any other purpose approved by the Company, if the employee's right to re-employment is
guaranteed either by a statute or by contract or under the policy pursuant to which the leave of absence was granted or if the Committee otherwise so provides in writing. 

SECTION 18.    AMENDMENTS
AND TERMINATION 

        The
Board may, at any time, amend or discontinue the Plan and the Committee may, at any time, amend or cancel any outstanding Award for the purpose of satisfying changes in law or for
any other lawful purpose, but no such action shall adversely affect rights under any outstanding Award without the holder's consent. Except as provided in Section 3(b) or 3(c), in no
event may the Committee exercise its discretion to reduce the exercise price of outstanding Stock Options or Stock Appreciation Rights or effect repricing through cancellation and
re-grants. Any material Plan amendments (other than amendments that curtail the scope of the Plan), including any Plan amendments that (i) increase the number of shares reserved for
issuance under the Plan, (ii) expand the type of Awards available under, materially expand the eligibility to participate in, or materially extend the term of, the Plan, or
(iii) materially change the method of determining Fair Market Value, shall be subject to approval by 

14

 

the
Company stockholders entitled to vote at a meeting of stockholders. In addition, to the extent determined by the Committee to be required by the Code to ensure that Incentive Stock Options granted
under the Plan are qualified under Section 422 of the Code or to ensure that compensation earned under Awards qualifies as performance-based compensation under Section 162(m) of the
Code, Plan amendments shall be subject to approval by the Company stockholders entitled to vote at a meeting of stockholders. Nothing in this Section 18 shall limit the Committee's authority to
take any action permitted pursuant to Section 3(c). 

SECTION 19.    STATUS
OF PLAN 

        With
respect to the portion of any Award that has not been exercised and any payments in cash, Stock or other consideration not received by a grantee, a grantee shall have no rights
greater than those of a general creditor of the Company unless the Committee shall otherwise expressly determine in connection with any Award or Awards. In its sole discretion, the Committee may
authorize the creation of trusts or other arrangements to meet the Company's obligations to deliver Stock or make payments with respect to Awards hereunder, provided that the existence of such trusts
or other arrangements is consistent with the foregoing sentence. 

SECTION 20.    GENERAL
PROVISIONS 

        (a)   No
Distribution.    The Committee may require each person acquiring Stock pursuant to an Award to represent to and agree with the
Company in writing that such person is acquiring the shares without a view to distribution thereof. 

        (b)   Delivery
of Stock Certificates.    Stock certificates to grantees under this Plan shall be deemed delivered for all purposes when
the Company or a stock transfer agent of the Company shall have mailed such certificates in the United States mail, addressed to the grantee, at the grantee's last known address on file with
the Company. Uncertificated Stock shall be deemed delivered for all purposes when the Company or a Stock transfer agent of the Company shall have given to the grantee by electronic mail (with proof of
receipt) or by United States mail, addressed to the grantee, at the grantee's last known address on file with the Company, notice of issuance and recorded the issuance in its records (which may
include electronic "book entry" records). Notwithstanding anything herein to the contrary, the Company shall not be required to issue or deliver any certificates evidencing shares of Stock pursuant to
the exercise of any Award, unless and until the Board has determined, with advice of counsel (to the extent the Board deems such advice necessary or advisable), that the issuance and delivery
of such certificates is in compliance with all applicable laws, regulations of governmental authorities and, if applicable, the requirements of any exchange on which the shares of Stock are listed,
quoted or traded. All Stock certificates delivered pursuant to the Plan shall be subject to any stop-transfer orders and other restrictions as the Committee deems necessary or advisable to
comply with federal, state or foreign jurisdiction, securities or other laws, rules and quotation system on which the Stock is listed, quoted or traded. The Committee may place legends on any Stock
certificate to reference restrictions applicable to the Stock. In addition to the terms and conditions provided herein, the Board may require that an individual make such reasonable covenants,
agreements, and representations as the Board, in its discretion, deems necessary or advisable in order to comply with any such laws, regulations, or requirements. The Committee shall have the right to
require any individual to comply with any timing or other restrictions with respect to the settlement or exercise of any Award, including a window-period limitation, as may be imposed in the
discretion of the Committee. 

        (c)   Stockholder
Rights.    Until Stock is deemed delivered in accordance with Section 20(b), no right to vote or receive
dividends or any other rights of a stockholder will exist with respect to shares of Stock to be issued in connection with an Award, notwithstanding the exercise of a Stock Option or any other action
by the grantee with respect to an Award. 

15

 

        (d)   Other
Compensation Arrangements; No Employment Rights.    Nothing contained in this Plan shall prevent the Board from adopting
other or additional compensation arrangements, including trusts, and such arrangements may be either generally applicable or applicable only in specific cases. The adoption of this Plan and the grant
of Awards do not confer upon any employee any right to continued employment with the Company or any Subsidiary. 

        (e)   Trading
Policy Restrictions.    Option exercises and other Awards under the Plan shall be subject to such Company's insider
trading policy and procedures, as in effect from time to time. 

        (f)    Forfeiture
of Awards under Sarbanes-Oxley Act.    If the Company is required to prepare an accounting restatement due to the
material noncompliance of the Company, as a result of misconduct, with any financial reporting requirement under the securities laws, then any grantee who is one of the individuals subject to
automatic forfeiture under Section 304 of the Sarbanes-Oxley Act of 2002 shall reimburse the Company for the amount of any Award received by such individual under the Plan during the
12-month period following the first public issuance or filing with the United States Securities and Exchange Commission, as the case may be, of the financial document embodying such
financial reporting requirement. 

SECTION 21.    EFFECTIVE
DATE OF PLAN 

        This
Plan shall become effective upon approval by the holders of a majority of the votes cast at a meeting of stockholders at which a quorum is present or by written consent. No grants
of Stock Options and other Awards may be made hereunder after the tenth (10th) anniversary of the Effective Date and no grants of Incentive Stock Options may be made hereunder after the
tenth (10th) anniversary of the date the Plan is approved by the Board. 

SECTION 22.    GOVERNING
LAW 

        This
Plan and all Awards and actions taken thereunder shall be governed by, and construed in accordance with, the laws of the State of Delaware, applied without regard to conflict of
law principles. 

DATE
APPROVED BY BOARD OF DIRECTORS: April 20, 2007 

DATE
APPROVED BY STOCKHOLDERS: April 20, 2007 

16

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2007 STOCK OPTION AND INCENTIVE PLAN

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