Document:

2000 EMPLOYEE STOCK PURCHASE PLAN, AS AMENDED

 EXHIBIT 10.2 
  
 AMENDED AND RESTATED 2000 EMPLOYEE STOCK PURCHASE PLAN 
 AIRSPAN NETWORKS INC. 
  
 Airspan Networks Inc. (the “Company”) does hereby establish its 2000 Employee 
 Stock
Purchase Plan as follows: 
  

	1.	Purpose of the Plan. 

 The purpose of this
Plan is to provide eligible employees who wish to become shareholders in the Company with a convenient method of doing so. It is believed that employee participation in the ownership of the business will be to the mutual benefit of both the
employees and the Company. 
  

	2.	Definitions. 

  

	 	2.1	“Base pay” means regular base salary, excluding bonus or other special payments. 

  

	 	2.2	“Account” shall mean the funds accumulated with respect to an individual employee as a result of deductions from their paycheck for the purpose of purchasing stock under
this Plan. The funds allocated to an employee’s account shall remain the property of the respective employee at all times and will be remitted to a separate deposit account within twenty days of the deduction from the paycheck.

  

	3.	Employees Eligible to Participate. Any permanent employee of the Company or any of its subsidiaries who is in the employ of the Company or subsidiary on an Offering
commencement date is eligible to participate in that Offering. 

  

	4.	Offerings. There will be six separate consecutive offerings (each an “Offering”) pursuant to the Plan. The first Offering shall commence on the date on which
the Company’s registration statement for the registration under the Securities Act of 1933, as amended, of shares of the common stock of the Company becomes effective (the “IPO Date”), and shall continue through July 31, 2001.
Thereafter, Offerings shall commence on each subsequent August 1 and shall last for a period of one year, and the final Offering under this Plan shall commence on August 1, 2005 and terminate on July 31, 2006. In order to become eligible to purchase
shares, an employee must sign an Enrolment Agreement, and any other necessary papers on or before the commencement date (the IPO Date or August 1, as applicable) of the particular Offering in which they wish to participate. Participation in one
Offering under the Plan shall neither limit, nor require, participation in any other Offering. 

  

	5.	Price. 

  

	 	5.1	The first Offering. The purchase price per share shall be the lesser of (1) 85% of the initial issue price of the stock at IPO; or (2) 85% of the fair market value of the stock on
the last business day of the first Offering. Fair market value shall mean the closing bid price as reported on the National Association of Securities Dealers Automated Quotation System or, if the stock is traded on a stock exchange, the closing
price for the stock on the principal such exchange. 

  

	 	5.2	Subsequent Offerings. The purchase price per share shall be the lesser of (1) 85% of the fair market value of the stock on the Offering date; or (2) 85% of the fair market value of
the stock on the last business day of the Offering. Fair market value shall mean the closing bid price as reported on the National Association of Securities Dealers Automated Quotation System or, if the stock is traded on a stock exchange, the
closing price for the stock on the principal such exchange. 

  

	6.	Offering Date. The “Offering date” as used in this Plan shall be the commencement date of the Offering, if such date is a regular business day in the United
States, or the first regular business day in the United States following such commencement date. A different date may be set by resolution of the Board. 

  

	7.	Number of Shares to be Offered. The maximum number of shares that will be offered under the Plan is 500,000 shares. The shares to be sold to participants under the
Plan will be common stock of the Company. If the total number of shares for which options are to be granted on any date in accordance with Section 10 exceeds the number of shares then 

  

 D-1 

 available under the Plan (after deduction of all shares for which options have been exercised or are then
outstanding), the Company shall make a pro rata allocation of the shares remaining available in as nearly a uniform manner as shall be practicable and as it shall determine to be equitable. In such event, the payroll deductions to be made pursuant
to the authorizations therefor shall be reduced accordingly and the Company shall give written notice of such reduction to each employee affected thereby. 
  

	8.	Participation. 

  

	 	8.1	An eligible employee may become a participant by completing an Enrolment Agreement (See Attachment 1) provided by the Company and filing it with Shareholder Services prior to the
Commencement of the Offering to which it relates. 

  

	9.	Payroll Deductions. 

  

	 	9.1	At the time a participant files their authorization for a payroll deduction, they shall elect to have deductions made from their pay on each payday during the time they are a
participant in an Offering at the rate of 2%, 4%, 6%, 8%, or 10% of their base pay. 

  

	 	9.2	Payroll deductions for a participant shall commence on the Offering date and shall end on the termination date of such Offering unless earlier terminated by the employee as provided
in Paragraph 14. 

  

	 	9.3	All payroll deductions made for a participant shall be credited to their account under the Plan. A participant may not make any separate cash payment into such account nor may
payment for shares be made other than by payroll deduction. 

  

	 	9.4	A participant may discontinue their participation in the Plan as provided in Section 14. In addition, they may reduce their contribution once during an Offering, but no other change
can be made during an Offering. 

  

	10.	Granting of Option. On the Offering date, this Plan shall be deemed to have granted to the participant an option for as many shares as they will be able to purchase
with the payroll deductions credited to their account during their participation in that Offering. 

  

	11.	Exercise of Option. Each employee who continues to be a participant in an Offering on the last business day of that Offering shall be deemed to have exercised their
option on such date and shall be deemed to have purchased from the Company such number of shares of common stock reserved for the purpose of the Plan as their accumulated payroll deductions on such date will pay for at the purchase price.

  

	12.	Employee’s Rights as a Shareholder. No participating employee shall have any right as a shareholder with respect to any shares until the shares have been
purchased in accordance with Section 11 above and the stock has been issued by the Company. 

  

	13.	Evidence of Stock Ownership. 

  

	 	13.1	Promptly following the end of each Offering, the number of shares of shares of common stock purchased by each participant shall be deposited into an account established in the
participant’s name at a stock brokerage or other financial services firm designated by the Company (the “ESPP Broker”). 

  

	 	13.2	The participant may direct, by written notice to the Company at the time of their enrolment in the Plan, that their ESPP Broker account be established in the names of the
participant and one other person designated by the participant, as joint tenants with right of survivorship, tenants in common, or community property, to the extent and in the manner permitted by applicable law. 

  

 D-2 

	 	13.3	A participant subject to payment of U.S. income taxes shall be free to undertake a disposition (as that term is defined in Section 424(c) of the Code) of the shares in their account
at any time, whether by sale, exchange, gift, or other transfer of legal title, but in the absence of such a disposition of the shares, the shares must remain in the participant’s account at the ESPP Broker until the holding period set forth in
Section 423(a) of the Code has been satisfied. With respect to shares for which the Section 423(a) holding period has been satisfied, the participant may move those shares to another brokerage account of participant’s choosing or request that a
stock certificate be issued and delivered to them. 

  

	 	13.4	A participant who is not subject to payment of U.S. income taxes may move their shares to another brokerage account of their choosing or request that a stock certificate be issued
and delivered to them at any time, without regard to the satisfaction of the Section 423(a) holding period. 

  

	14.	Withdrawal. 

  

	 	14.1	An employee may withdraw from an Offering, in whole but not in part, at any time prior to the last business day of such Offering by delivering a Withdrawal Notice (see Attachment 2)
to the Company, in which event the Company will refund the entire balance of their deductions as soon as practicable thereafter. 

  

	 	14.2	To re-enter the Plan, an employee who has previously withdrawn must file a new Enrolment Agreement in accordance with Section 8.1. The employee’s re-entry into the Plan will
not become effective before the beginning of the next Offering following their withdrawal, and if the withdrawing employee is an officer of the Company within the meaning of Section 16 of the Securities Exchange Act of 1934 they may not re-enter the
Plan before the beginning of the second Offering following their withdrawal. 

  

	15.	Carryover of Account. At the termination of each Offering, the Company shall automatically re-enroll the employee in the next Offering, and the balance in the
employee’s account shall be used for option exercises in the new Offering, unless the employee has advised the Company otherwise. Upon termination of the Plan, the balance of each employee’s account shall be refunded to them.

  

	16.	Interest. Interest earned on the account will be distributed pro-rata between the employees on the basis of the balance in each employee’s account. This interest
will be added to the total of the payroll deductions when calculating the number of shares, which may be purchased. 

  

	17.	Rights Not Transferable. No employee shall be permitted to sell, assign, transfer, pledge, or otherwise dispose of or encumber either the payroll deductions credited
to their account or any rights with regard to the exercise of an option or to receive shares under the Plan other than by will or the laws of descent and distribution, and such right and interest shall not be liable for, or subject to, the debts,
contracts, or liabilities of the employee. If any such action is taken by the employee, or any claim is asserted by any other party in respect of such right and interest whether by garnishment, levy, attachment or otherwise, such action of claim
will be treated as an election to withdraw funds in accordance with Section 14. 

  

	18.	Termination of Employment. Upon termination of employment for any reason whatsoever including but not limited to death or retirement, the balance in the account of a
participating employee shall be paid to the employee or their estate. 

  

	19.	Amendment or Discontinuance of the Plan. The Board shall have the right to amend, modify, or terminate the Plan at any time without notice, provided that no
employee’s existing rights under any Offering already made under Section 4 hereof may be adversely affected thereby, and provided further that no such amendment of the Plan shall, except as provided in Section 20, increase above 500,000 shares
the total number of shares to be offered unless shareholder approval is obtained therefor. 

  

	20.	Changes in Capitalization. In the event of reorganization, recapitalization, stock split, stock dividend, combination of shares, merger, consolidation, offerings of
right, or any other change in the structure of the common shares of the Company, the Board may take such adjustment, if any, as it may deem appropriate in the number, kind, and the price of shares available for purchase under the Plan, and in the
number of shares which an employee is entitled to purchase. 

  

 D-3 

	21.	Share Ownership. Notwithstanding anything herein to the contrary, no employee shall be permitted to subscribe for any shares under the Plan if such employee,
immediately after such subscription, owns shares (including all shares which may be purchased under outstanding subscriptions under the Plan) possessing 5% or more of the total combined voting power or value of all classes of shares of the Company
or of its parent or subsidiary corporations. For the foregoing purposes the rules of Section 425(d) of the Internal Revenue Code of 1986 shall apply in determining share ownership. In addition, no employee shall be allowed to subscribe for any
shares under the Plan which permits their rights to purchase shares under all “employee stock purchase plans” of the Company and its subsidiary corporations to accrue at a rate which exceeds $25,000 for each calendar year in which such
right to subscribe is outstanding at any time. 

  

	22.	Administration. The Plan shall be administered by the Board. The Board may delegate any or all of its authority hereunder to such committee of the Board or officer of
the Company as it may designate. The administrator shall be vested with full authority to make, administer, and interpret such rules and regulations as it deems necessary to administer the Plan, and any determination, decision, or action of the
administrator in connection with the construction, interpretation, administration, or application of the Plan shall be final, conclusive, and binding upon all participants and any and all persons claiming under or through any participant.

  

	23.	Notices. All notices or other communications by a participant to the Company under or in connection with the Plan shall be deemed to have been duly given when received
by Shareholder Services of the Company or when received in the form specified by the Company at the location, or by the person, designated by the Company for the receipt thereof. 

  

	24.	Termination of the Plan. This Plan shall terminate at the earliest of the following: 

  

	 	24.1	July 31, 2006. 

  

	 	24.2	The date of the filing of a Statement of Intent to Dissolve by the Company or the effective date of a merger or consolidation wherein the Company is not to be the surviving
corporation, which merger or consolidation is not between or among corporations related to the Company. Prior to the occurrence of either of such events, on such date as the Company may determine, the Company may permit a participating employee to
exercise the option to purchase as many shares as the balance of their account will allow at the price set forth in accordance with Section 5. If the employee elects to purchase shares, the remaining balance of their account will be refunded to them
after such purchase. 

  

	 	24.3	The date the Board acts to terminate the Plan in accordance with Section 19 above. 

  

	 	24.4	The date when all shares reserved under the Plan have been purchased. 

  

	25.	Limitations on Sale of Stock Purchased under the Plan. The Plan is intended to provide common stock for investment and not for resale. The Company does not, however,
intend to restrict or influence any employee in the conduct of their own affairs. An employee, therefore, may sell stock purchased under the Plan at any time they choose, subject to the Company’s policy on Insider Trading and compliance with
any applicable Federal or state securities laws. THE EMPLOYEE ASSUMES THE RISK OF ANY MARKET FLUCTUATIONS IN THE PRICE OF THE STOCK. 

  

	26.	Governmental Regulation. The Company’s obligation to sell and deliver shares of the Company’s common stock under this Plan is subject to the approval of any
governmental authority required in connection with the authorization, issuance, or sale of such shares. 

  

 D-4AIRSPAN OMNIBUS EQUITY COMPENSATION PLAN

 Exhibit 10.12 
  
 AIRSPAN NETWORKS, INC. 
  
 OMNIBUS EQUITY COMPENSATION PLAN 

 Exhibit 10.12 
  
 TABLE OF CONTENTS 
  

					
	 ARTICLE I
	  	GENERAL PROVISIONS	  	1
			
	 ARTICLE II
	  	DEFINITIONS	  	1
			
	 ARTICLE III
	  	ADMINISTRATION	  	5
			
	 ARTICLE IV
	  	INCENTIVE STOCK OPTIONS	  	8
			
	 ARTICLE V
	  	NONQUALIFIED STOCK OPTIONS	  	10
			
	 ARTICLE VI
	  	STOCK APPRECIATION RIGHTS	  	11
			
	 ARTICLE VII
	  	INCIDENTS OF STOCK OPTIONS AND STOCK RIGHTS	  	12
			
	 ARTICLE VIII
	  	RESTRICTED STOCK	  	14
			
	 ARTICLE IX
	  	DEFERRED STOCK	  	16
			
	 ARTICLE X
	  	STOCK AWARDS	  	17
			
	 ARTICLE XI
	  	PERFORMANCE SHARES	  	18
			
	 ARTICLE XII
	  	OTHER STOCK-BASED AWARDS	  	19
			
	 ARTICLE XIII
	  	ACCELERATION EVENTS	  	20
			
	 ARTICLE XIV
	  	AMENDMENT AND TERMINATION	  	22
			
	 ARTICLE XV
	  	MISCELLANEOUS PROVISIONS	  	23

  

 ARTICLE I 
  

GENERAL PROVISIONS 
  
 1.1 The Plan is designed for the benefit of the directors, executives and key employees of the Company (i) to attract and retain for the Company personnel
of exceptional ability; (ii) to motivate such personnel through added incentives to make a maximum contribution to greater profitability; (iii) to develop and maintain a highly competent management team; and (iv) to be competitive with other
companies with respect to executive compensation. 
  
 1.2 Awards
under the Plan may be made to Participants in the form of (i) Incentive Stock Options; (ii) Nonqualified Stock Options; (iii) Stock Appreciation Rights; (iv) Restricted Stock; (v) Deferred Stock; (vi) Stock Awards; (vii) Performance Shares; (viii)
Other Stock-Based Awards; and (ix) other forms of equity-based compensation as may be provided and are permissible under this Plan and the law. 
  
 1.3 The Plan shall be effective March 29, 2004 (the “Effective Date”), subject to the approval of the Plan by a majority of the votes cast by
the holders of the Company’s Common Stock, which may be voted at the next annual or special shareholder’s meeting. Any Awards granted under the Plan prior to such approval shall be effective when made (unless otherwise specified by the
Committee at the time of grant) but shall be conditioned on, and subject to, the approval of the Plan by the Company’s shareholders. 
  
 ARTICLE II 
  
 DEFINITIONS 
  
 Except where the context otherwise indicates, the following definitions apply: 
  
 2.1 “Acceleration Event” means the occurrence of an event defined in Article XIII of the Plan. 
  
 2.2 “Act” means the Securities Exchange Act of 1934, as amended. 
  
 2.3 “Agreement” means the written agreement evidencing each Award granted to a Participant under the Plan.

  
 2.4 “Award” means an award granted to a Participant
in accordance with the provisions of the Plan, including, but not limited to, a Stock Option, Stock Right, Restricted or Deferred Stock, Stock Award, Performance Share, Other Stock-Based Award, or any combination of the foregoing. 
  
 2.5 “Board” means the Board of Directors of the Company.

  
 2.6 “Change in Control” shall have the meaning set
forth in Section 13.2 of the Plan. 
  

 1 

 2.7 “Change in Control Price” shall have the meaning set forth in Section 13.7 of the Plan.

  
 2.8 “Code” means the Internal Revenue Code of 1986,
as amended. 
  
 2.9 “Committee” means the Compensation
Committee of the Board. 
  
 2.10 “Company” means Airspan
Networks, Inc., a Washington Company. 
  
 2.11 “Deferral
Period” means the period commencing on the date an Award of Deferred Stock is granted and ending on such date as the Committee shall determine. 
  
 2.12 “Deferred Stock” means the stock awarded under Article IX of the Plan. 
  
 2.13 “Disability” means disability as determined under procedures established by the Committee or in any Award.

  
 2.14 “Discount Stock Options” means the Nonqualified
Stock Options, which provide for an exercise price of less than the Fair Market Value of the Stock at the date of the Award. 
  
 2.15 “Early Retirement” means retirement from active employment with the Company, with the express consent of the Committee, pursuant to the
early retirement provisions established by the Committee or in any Award. 
  
 2.16 “Effective Date” shall have the meaning set forth in Section 1.3 of the Plan. 
  
 2.17 “Elective Deferral Period” shall have the meaning set forth in Section 9.3 of the Plan. 
  
 2.18 “Eligible Participant” means any director, executive or key
employee of the Company, as shall be determined by the Committee, as well as any other person whose participation the Committee determines is in the best interest of the Company, subject to limitations as may be provided by the Code, the Act or the
Committee. For purposes of Article IV and Incentive Stock Options that may be granted hereunder, the term “Eligible Participant” shall be limited to an executive or other key employee meeting the qualifications for receipt of an Incentive
Stock Option under the provisions of Section 422 of the Code. 
  
 2.19 “ERISA” means the Employee Retirement Income Security Act of 1974, as amended. 
  
 2.20 “Fair Market Value” means, with respect to any given day, the closing price of the Stock reported on the Nasdaq National Market tier of The
Nasdaq Stock Market for such day, or if the Stock was not traded on the Nasdaq National Market tier of The Nasdaq Stock Market on such day, then on the next day on which the Stock was traded, all as reported by such source as the Committee may
select. The Committee may establish an alternative method of determining Fair Market Value. 
  

 2 

 2.21 “Incentive Stock Option” means a Stock Option granted under Article IV of the Plan, and as
defined in Section 422 of the Code. 
  
 2.22 “Limited Stock
Appreciation Rights” means a Stock Right which is exercisable only in the event of a Change in Control, as described in Section 6.8 of this Plan, which provides for an amount payable solely in cash, equal to the excess of the Stock Appreciation
Right Fair Market Value of a share of Stock on the day the Stock Right is surrendered over the price at which a Participant could exercise a related Stock Option to purchase the share of Stock. 
  
 2.23 “Nonqualified Stock Option” means a Stock Option granted under
Article V of the Plan. 
  
 2.24 “Normal Retirement”
means retirement from active employment with the Company or any Subsidiary on or after age 65, or pursuant to such other requirements as may be established by the Committee or in any Award. 
  
 2.25 “Option Grant Date” means, as to any Stock Option, the latest
of: 
  
 (a) the date on which the Committee grants the Stock
Option to the Participant; 
  
 (b) the date the Participant
receiving the Stock Option becomes an employee of the Company or its Subsidiaries, to the extent employment status is a condition of the grant or a requirement of the Code or the Act; or 
  
 (c) such other date (other than the dates described in (i) and (ii) above) as the Committee may designate. 
  
 2.26 “Other Stock-Based Award” means an Award under Article XII of
the Plan that is valued in whole or in part by reference to, or is otherwise based on, Stock. 
  
 2.27 “Participant” means an Eligible Participant to whom an Award of equity-based compensation has been granted and who has entered into an Agreement evidencing the Award. 
  
 2.28 “Performance Share” means an Award under Article XI of the
Plan of a unit valued by reference to a designated number of shares of Stock, which value may be paid to the Participant by delivery of such property as the Committee shall determine, including, without limitation, cash, Stock, or any combination
thereof, upon achievement of such Performance Objectives during the Performance Period as the Committee shall establish at the time of such Award or thereafter. 
  

2.29 “Performance Objectives” shall have the meaning set forth in Article XI of the Plan. 
  
 2.30 “Performance Period” shall have the meaning set forth in
Article XI of the Plan. 
  
 2.31 “Plan” means the
Airspan Networks, Inc. Omnibus Equity Compensation Plan, as amended from time to time. 
  

 3 

 2.32 “Related Stock Appreciation Right” shall have the meaning set forth in Section 6.1 of the
Plan. 
  
 2.33 “Restricted Stock” means an Award of
Stock under Article VIII of the Plan, which Stock is issued with the restriction that the holder may not sell, transfer, pledge, or assign such Stock and with such other restrictions as the Committee, in its sole discretion, may impose (including,
without limitation, any restriction on the right to vote such Stock, and the right to receive any cash dividends), which restrictions may lapse separately or in combination at such time or times, in installments or otherwise, as the Committee may
deem appropriate. 
  
 2.34 “Restriction Period” means
the period commencing on the date an Award of Restricted Stock is granted and ending on such date as the Committee shall determine. 
  
 2.35 “Retirement” means Normal or Early Retirement. 
  
 2.36 “Stock” means shares of common stock par value $.003 per share of the Company, as may be adjusted pursuant to the provisions of Section
3.11. 
  
 2.37 “Stock Appreciation Right” means a Stock
Right, as described in Article VI of this Plan, which provides for an amount payable in Stock and/or cash, as determined by the Committee, equal to the excess of the Fair Market Value of a share of Stock on the day the Stock Right is exercised over
the price at which the Participant could exercise a related Stock Option to purchase the share of Stock. 
  
 2.38 “Stock Appreciation Right Fair Market Value” means a value established by the Committee for the exercise of a Stock Appreciation Right or a
Limited Stock Appreciation Right. 
  
 2.39 “Stock Award”
means an Award of Stock granted in payment of compensation, as provided in Article X of the Plan. 
  
 2.40 “Stock Option” means an Award under Article IV or V of the Plan of an option to purchase Stock. A Stock Option may be either an Incentive
Stock Option or a Nonqualified Stock Option. 
  
 2.41 “Stock
Right” means an Award under Article VI of the Plan. A Stock Right may be either a Stock Appreciation Right or a Limited Stock Appreciation Right. 
  
 2.42 “Termination of Employment” means the discontinuance of employment of a Participant with the Company. The determination of whether a
Participant has discontinued employment shall be made by the Committee in its discretion. In determining whether a Termination of Employment has occurred, the Committee may provide that service as a consultant or service with a business enterprise
in which the Company has a significant ownership interest shall be treated as employment with the Company. The Committee shall have the discretion, exercisable either at the time the Award is granted or at the time the Participant terminates
employment, to establish as a provision applicable to the exercise of one or more Awards that during the limited period of exercisability following Termination of Employment, the Award may be exercised not only with respect to the number of shares
of Stock for which it is exercisable at the time of the Termination of Employment but also with respect to one or more 
  

 4 

 subsequent installments for which the Award would have become exercisable had the Termination of Employment not occurred.

  
 ARTICLE III 
  
 ADMINISTRATION 
  
 3.1 This Plan shall be administered by the Committee. Members of the
Committee may vote on any matters affecting the administration of the Plan or the grant of Awards pursuant to the Plan, except that no such member shall act upon the granting of an Award to himself or herself, but any such member may be counted in
determining the existence of a quorum at any meeting of the Committee or Board during which action is taken with respect to the granting of an Award to such member. The Committee, in its discretion, may delegate to one or more of its members such of
its powers, as it deems appropriate. The Committee also may limit the power of any member to the extent necessary to comply with Rule 16b-3 under the Act or any other law. The Board, in its discretion, may require that all or any final actions or
determinations by the Committee be made by or be subject to approval or ratification by the Board before becoming effective. To the extent all or any decisions, actions, or determinations relating to the administration of the Plan are made by the
Board, the Board shall have all power and authority granted to the Committee in this Article and otherwise in this Plan, and for these purposes, all references to the “Committee” herein shall be deemed to include the Board. 
  
 3.2 The Committee shall meet at such times and places as it determines. A
majority of its members shall constitute a quorum, and the decision of a majority of those present at any meeting at which a quorum is present shall constitute the decision of the Committee. A unanimous consent signed by all of the members of the
Committee shall constitute the decision of the Committee without necessity, in such event, for holding an actual meeting. 
  
 3.3 The Committee shall have the exclusive right to interpret, construe and administer the Plan, to select the persons who are eligible to receive an
Award, and to act in all matters pertaining to the granting of an Award and the contents of the Agreement evidencing the Award, including, without limitation, the determination of the number of Stock Options, Stock Rights, shares of Stock or
Performance Shares subject to an Award and the form, terms, conditions and duration of each Award, and any amendment thereof consistent with the provisions of the Plan. All acts, determinations and decisions of the Committee made or taken pursuant
to grants of authority under the Plan or with respect to any questions arising in connection with the administration and interpretation of the Plan, including the severability of any and all of the provisions thereof, shall be conclusive, final and
binding upon all Participants, Eligible Participants and their beneficiaries. 
  
 3.4 The Committee may adopt such rules, regulations and procedures of general application for the administration of this Plan, as it deems appropriate. 
  
 3.5 Without limiting the foregoing Sections 3.1, 3.2, 3.3 and 3.4, and notwithstanding any other provisions of the Plan, the
Committee is authorized to take such action as it determines to be necessary or advisable, and fair and equitable to Participants, with respect to an Award in the event of an Acceleration Event as defined in Article XIII. Such action may include,
but shall not be limited to, establishing, amending or waiving the forms, terms, conditions and duration of an Award and the Award Agreement, so as to provide for earlier, later, extended or additional 
  

 5 

 times for exercise or payments, differing methods for calculating payments, alternate forms and amounts of payment, an
accelerated release of restrictions or other modifications. The Committee may take such actions pursuant to this Section 3.5 by adopting rules and regulations of general applicability to all Participants or to certain categories of Participants, by
including, amending or waiving terms and conditions in an Award and the Award Agreement, or by taking action with respect to individual Participants. 
  
 3.6 The aggregate number of shares of Stock, which are reserved for issuance under the Plan, shall be five million (5,000,000). The aggregate number of
shares of stock reserved for issuance under the plan shall be adjusted in accordance with Section 3.11. 
  
 (a) If, for any reason, any shares of Stock or Performance Shares awarded or subject to purchase under the Plan are not delivered or purchased, or are
reacquired by the Company, for reasons including, but not limited to, a forfeiture of Restricted Stock or termination, expiration or cancellation of a Stock Option, Stock Right or Performance Share, or any other termination of an Award without
payment being made in the form of Stock (whether or not Restricted Stock), such shares of Stock or Performance Shares shall not be charged against the aggregate number of shares of Stock available for Award under the Plan, and shall again be
available for Award under the Plan. 
  
 (b) For all purposes under
the Plan, each Performance Share awarded shall be counted as one share of Stock subject to an Award. 
  
 (c) To the extent a Stock Right granted in connection with a Stock Option is exercised without payment being made in the form of Stock (whether or not
Restricted Stock), the shares of Stock which otherwise would have been issued upon the exercise of such related Stock Option shall not be charged against the aggregate number of shares of Stock subject to an Award under the Plan, and shall again be
available for Award under the Plan. 
  
 3.7 Each Award granted
under the Plan shall be evidenced by a written Award Agreement. Each Award Agreement shall be subject to and incorporate (by reference or otherwise) the applicable terms and conditions of the Plan, and any other terms and conditions (not
inconsistent with the Plan) required by the Committee. 
  
 3.8 The
Company shall not be required to issue or deliver any certificates for shares of Stock prior to: 
  
 (a) the listing of such shares on any stock exchange on which the Stock may then be listed; and 
  
 (b) the completion of any registration or qualification of such shares of
Stock under any federal or state law, or any ruling or regulation of any government body which the Company shall, in its discretion, determine to be necessary or advisable. 
  
 3.9 All certificates for shares of Stock delivered under the Plan shall also be subject to such stop-transfer orders and
other restrictions as the Committee may deem advisable under the rules, regulations, and other requirements of the Securities and Exchange Commission, any stock exchange upon which the Stock is then listed and any applicable federal or state laws,
and the Committee may cause a legend or legends to be placed on any such certificates to make 
  

 6 

 appropriate reference to such restrictions. In making such determination, the Committee may rely upon an opinion of
counsel for the Company. 
  
 3.10 Subject to the restrictions on
Restricted Stock, as provided in Article VIII of the Plan and in the Restricted Stock Award Agreement, each Participant who receives an Award of Restricted Stock shall have all of the rights of a shareholder with respect to such shares of Stock,
including the right to vote the shares to the extent, if any, such shares possess voting rights and receive dividends and other distributions. Except as provided otherwise in the Plan or in an Award Agreement, no Participant awarded a Stock Option,
Stock Right, Deferred Stock, Stock Award or Performance Share shall have any right as a shareholder with respect to any shares of Stock covered by his or her Stock Option, Stock Right, Deferred Stock, Stock Award or Performance Share prior to the
date of issuance to him or her of a certificate or certificates for such shares of Stock. 
  
 3.11 If any reorganization, recapitalization, reclassification, stock split-up, stock dividend, or consolidation of shares of Stock, merger or consolidation of the Company or its Subsidiaries or sale or other
disposition by the Company or its Subsidiaries of all or a portion of its assets, any other change in the Company’s or its Subsidiaries’ corporate structure, or any distribution to shareholders other than a cash dividend results in the
outstanding shares of Stock, or any securities exchanged therefor or received in their place, being exchanged for a different number or class of shares of Stock or other securities of the Company, or for shares of Stock or other securities of any
other Company; or new, different or additional shares or other securities of the Company or of any other Company being received by the holders of outstanding shares of Stock, then equitable adjustments shall be made by the Committee in: 

 
 (a) the limitation of the aggregate number of shares of Stock that may be
awarded as set forth in Sections 3.6, 3.16, and 4.1(e) (to the extent permitted under Section 422 of the Code) of the Plan; 
  
 (b) the number of shares and class of Stock that may be subject to an Award, and which have not been issued or transferred under an outstanding Award;

  
 (c) the purchase price to be paid per share of Stock under
outstanding Stock Options and the number of shares of Stock to be transferred in settlement of outstanding Stock Rights; and 
  
 (d) the terms, conditions or restrictions of any Award and Award Agreement, including the price payable for the acquisition of Stock; provided, however,
that all adjustments made as the result of the foregoing in respect of each Incentive Stock Option shall be made so that such Stock Option shall continue to be an Incentive Stock Option, as defined in Section 422 of the Code. 
  
 3.12 In addition to such other rights of indemnification as they may have as
directors or as members of the Committee, the members of the Committee shall be indemnified by the Company against reasonable expenses, including attorney’s fees, actually and necessarily incurred in connection with the defense of any action,
suit or proceeding, or in connection with any appeal therein, to which they or any of them may be a party by reason of any action taken or failure to act under or in connection with the Plan or any Award granted thereunder, and against all amounts
paid by them in settlement thereof (provided such settlement is approved by 
  

 7 

 independent legal counsel selected by the Company) or paid by them in satisfaction of a judgment or settlement in any
such action, suit or proceeding, except as to matters as to which the Committee member has been negligent or engaged in misconduct in the performance of his duties; provided, that within sixty (60) days after institution of any such action, suit or
proceeding, a Committee member shall in writing offer the Company the opportunity, at its own expense, to handle and defend the same. 
  
 3.13 The Committee may require each person purchasing shares of Stock pursuant to a Stock Option or other Award under the Plan to represent to and agree
with the Company in writing that he is acquiring the shares of Stock without a view to distribution thereof. The certificates for such shares of Stock may include any legend, which the Committee deems appropriate to reflect any restrictions on
transfer. 
  
 3.14 The Committee shall be authorized to make
adjustments in a performance based criteria or in the terms and conditions of other Awards in recognition of unusual or nonrecurring events affecting the Company or its financial statements or changes in applicable laws, regulations or accounting
principles. The Committee may correct any defect, supply any omission or reconcile any inconsistency in the Plan or any Award Agreement in the manner and to the extent it shall deem desirable to carry it into effect. In the event the Company (or any
Subsidiary, if applicable) shall assume outstanding employee benefit awards or the right or obligation to make future such awards in connection with the acquisition of another Company or business entity, the Committee may, in its discretion, make
such adjustments in the terms of Awards under the Plan as it shall deem appropriate. 
  
 3.15 The Committee shall have full power and authority to determine whether, to what extent and under what circumstances, any Award shall be canceled or suspended. In particular, but without limitation, all
outstanding Awards to any Participant shall be canceled if (a) the Participant, without the consent of the Committee, while employed by the Company or after termination of such employment, becomes associated with, employed by, renders services to,
or owns any interest in (other than any nonsubstantial interest, as determined by the Committee), any business that is in competition with the Company or with any business in which the Company has a substantial interest as determined by the
Committee; or (b) is terminated for cause as determined by the Committee. 
  
 3.16 Subject to the limitations of Section 3.6, the maximum number of shares of Stock with respect to which an Award or Awards of Stock Options and/or Stock Rights under the Plan may be granted during any calendar
year to any participant shall be five hundred thousand (500,000) shares. 
  
 ARTICLE IV 
  
 INCENTIVE STOCK OPTIONS

  
 4.1 Each provision of this Article IV and of each
Incentive Stock Option granted hereunder shall be construed in accordance with the provisions of Section 422 of the Code, and any provision hereof that cannot be so construed shall be disregarded. Incentive Stock Options shall be granted only to
Eligible Participants, each of whom may be granted one or more such Incentive Stock Options at such time or times determined by the Committee following the Effective Date until ________, 2014, subject to the following conditions: 
  

 8 

 (a) The Incentive Stock Option price per share of Stock shall be set in the Award Agreement, but shall
not be less than one hundred percent (100%) of the Fair Market Value of the Stock at the time of the Option Grant Date. 
  
 (b) The Incentive Stock Option and its related Stock Right, if any, may be exercised in full or in part from time to time within ten (10) years from the
Option Grant Date, or such shorter period as may be specified by the Committee in the Award; provided, that in any event, the Incentive Stock Option and related Stock Right shall lapse and cease to be exercisable upon, or within such period
following, a Termination of Employment as shall have been determined by the Committee and as specified in the Incentive Stock Option Award Agreement or its related Stock Right Award Agreement; provided, however, that such period following a
Termination of Employment shall not exceed three (3) months unless employment shall have terminated: 
  
 (i) as a result of death or Disability, in which event, such period shall not exceed one year after the date of death or Disability; and 
  
 (ii) as a result of death, if death shall have occurred following a
Termination of Employment and while the Incentive Stock Option or Stock Right was still exercisable, in which event, such period shall not exceed one year after the date of death; 
  
 provided, further, that such period following a Termination of Employment shall in no event extend the original exercise period of the
Incentive Stock Option or any related Stock Right. 
  
 (c) The
aggregate Fair Market Value, determined as of the Option Grant Date, of the shares of Stock with respect to which Incentive Stock Options are exercisable for the first time during any calendar year by any Eligible Participant shall not exceed one
hundred thousand dollars ($100,000); provided, however, to the extent permitted under Section 422 of the Code: 
  
 (i) if a Participant’s employment is terminated by reason of death, Disability or Retirement and the portion of any Incentive Stock Option that is
otherwise exercisable during the post-termination period applied without regard to the one hundred thousand dollar ($100,000) limitation contained in Section 422 of the Code is greater than the portion of such option that is immediately exercisable
as an Incentive Stock Option during such post-termination period under Section 422, such excess shall be treated as a Nonqualified Stock Option; and 
  
 (ii) if the exercise of an Incentive Stock Option is accelerated by reason of an Acceleration Event, any portion of such Award that is not exercisable as
an Incentive Stock Option by reason of the one hundred thousand dollar ($100,000) limitation contained in Section 422 of the Code shall be treated as a Nonqualified Stock Option. 
  
 (d) Incentive Stock Options shall be granted only to an Eligible Participant who, at the time of the Option Grant Date, does
not own Stock possessing more than 10% of the total combined voting power of all classes of stock of the Company; provided, however, the foregoing restriction shall not apply if at the time of the Option Grant Date the option price is at least one
hundred ten percent (110%) of the Fair Market Value of the Stock subject to the Incentive Stock Option and such Incentive Stock Option by its terms is not exercisable after the expiration of five (5) years from the Option Grant Date. 
  

 9 

 (e) The Committee may adopt any other terms and conditions which it determines should be imposed for the
Incentive Stock Option to qualify under Section 422 of the Code, as well as any other terms and conditions not inconsistent with this Article IV as determined by the Committee. 
  
 4.2 The Committee may at any time offer to buy out for a payment in cash, Stock, Deferred Stock or Restricted Stock an
Incentive Stock Option previously granted, based on such terms and conditions as the Committee shall establish and communicate to the Participant at the time that such offer is made. 
  
 4.3 If the Incentive Stock Option Award Agreement so provides, the Committee may require that all or part of the shares of
Stock to be issued upon the exercise of an Incentive Stock Option shall take the form of Deferred or Restricted Stock, which shall be valued on the date of exercise, as determined by the Committee, on the basis of the Fair Market Value of such
Deferred Stock or Restricted Stock determined without regard to the deferral limitations and/or forfeiture restrictions involved. 
  
 ARTICLE V 
  
 NONQUALIFIED STOCK OPTIONS 
  
 5.1 One or more Stock Options may be granted as Nonqualified Stock Options to Eligible Participants to purchase shares of Stock at such time or times determined by the Committee, following the Effective Date, subject
to the terms and conditions set forth in this Article V. 
  
 5.2
The Nonqualified Stock Option price per share of Stock shall be established in the Award Agreement and may be less than one hundred percent (100%) of the Fair Market Value at the time of the grant, or at such later date as the Committee shall
determine. 
  
 5.3 The Nonqualified Stock Option and its related
Stock Right, if any, may be exercised in full or in part from time to time within such period as may be specified by the Committee or in the Award Agreement; provided, that, in any event, the Nonqualified Stock Option and the related Stock Right
shall lapse and cease to be exercisable upon, or within such period following, Termination of Employment as shall have been determined by the Committee and as specified in the Nonqualified Stock Option Award Agreement or Stock Right Award Agreement;
provided, however, that such period following Termination of Employment shall not exceed three (3) months unless employment shall have terminated: 
  
 (a) as a result of Retirement or Disability, in which event, such period shall not exceed one year after the date of Retirement or Disability, or within
such longer period as the Committee may specify; and 
  
 (b) as a
result of death, or if death shall have occurred following a Termination of Employment and while the Nonqualified Stock Option or Stock Right was still exercisable, in which event, such period may exceed one year after the date of death, as provided
by the Committee or in the Award Agreement. 
  

 10 

 5.4 The Nonqualified Stock Option Award Agreement may include any other terms and conditions not
inconsistent with this Article V or with Article VII, as determined by the Committee. 
  
 ARTICLE VI 
  
 STOCK
APPRECIATION RIGHTS 
  
 6.1 A Stock Appreciation Right may be
granted to an Eligible Participant in connection with an Incentive Stock Option or a Nonqualified Stock Option granted under Article IV or Article V of this Plan (a “Related Stock Appreciation Right”), or may be granted independent of any
related Incentive or Nonqualified Stock Option. 
  
 6.2 A Related
Stock Appreciation Right shall entitle a holder of a Stock Option, within the period specified for the exercise of the Stock Option, to surrender the unexercised Stock Option (or a portion thereof) and to receive in exchange therefor a payment in
cash or shares of Stock having an aggregate value equal to the amount by which the Fair Market Value of each share of Stock exceeds the Stock Option price per share of Stock, times the number of shares of Stock under the Stock Option, or portion
thereof, which is surrendered. 
  
 6.3 Each Related Stock
Appreciation Right granted hereunder shall be subject to the same terms and conditions as the related Stock Option, including limitations on transferability, if any, and shall be exercisable only to the extent such Stock Option is exercisable and
shall terminate or lapse and cease to be exercisable when the related Stock Option terminates or lapses. The grant of a Related Stock Appreciation Right related to an Incentive Stock Option must be concurrent with the grant of the Incentive Stock
Option. With respect to Nonqualified Stock Options, the grant of a Related Stock Appreciation Right either may be concurrent with the grant of the Nonqualified Stock Option, or subsequent to the grant of the Nonqualified Stock Option, in connection
with a Nonqualified Stock Option previously granted under Article V, which is unexercised and has not terminated or lapsed. 
  
 6.4 The Committee shall have the sole discretion to determine, in each case whether the payment with respect to the exercise of a Stock Appreciation Right
shall be made in the form of all cash, all Stock, or any combination thereof. If payment is to be made in Stock, the number of shares of Stock shall be determined based on the Fair Market Value of the Stock on the date of exercise of the Stock
Appreciation Right. If the Committee elects to make full payment in Stock, no fractional shares of Stock shall be issued and cash payments shall be made in lieu of fractional shares. 
  
 6.5 The Committee shall have sole discretion as to the timing of any payment made in cash, Stock, or a combination thereof
upon exercise of a Stock Appreciation Right. Payment may be made in a lump sum, in annual installments or may be otherwise deferred and the Committee shall have sole discretion to determine whether any deferred payments may bear amounts equivalent
to interest or cash dividends. 
  
 6.6 Upon the exercise of a
Related Stock Appreciation Right, the number of shares of Stock subject to exercise under any related Stock Option shall automatically be reduced by the number of shares of Stock represented by the Stock Option or portion thereof which is
surrendered. 
  

 11 

 6.7 The Committee, in its sole discretion, may also provide that, in the event of a Change in Control,
the amount to be paid upon the exercise of a Stock Appreciation Right or Limited Stock Appreciation Right shall be based on the Change in Control Price, subject to such terms and conditions as the Committee may specify at grant. 
  
 6.8 In its sole discretion, the Committee may grant Limited Stock
Appreciation Rights under this Article VI. Limited Stock Appreciation Rights shall become exercisable only in the event of a Change in Control, subject to such terms and conditions as the Committee, in its sole discretion, may specify at grant. Such
Limited Stock Appreciation Rights shall be settled solely in cash. A Limited Stock Appreciation Right shall entitle the holder of the related Stock Option to surrender such Stock Option, or any portion thereof, to the extent unexercised, in respect
of the number of shares of Stock as to which such Limited Stock Appreciation Right is exercised, and to receive a cash payment equal to the difference between (a) the Stock Appreciation Right Fair Market Value (at the date of surrender) of a share
of Stock for which the surrendered Stock Option or portion thereof is then exercisable, and (b) the price at which a Participant could exercise a related Stock Option to purchase the share of Stock. Such Stock Option shall, to the extent so
surrendered, thereupon cease to be exercisable. A Limited Stock Appreciation Right shall be subject to such further terms and conditions as the Committee shall, in its sole discretion, deem appropriate. 
  
 ARTICLE VII 
  
 INCIDENTS OF STOCK OPTIONS AND STOCK RIGHTS 
  
 7.1 Each Stock Option and Stock Right shall be granted subject to such terms
and conditions, if any, not inconsistent with this Plan, as shall be determined by the Committee, including any provisions as to continued employment as consideration for the grant or exercise of such Stock Option or Stock Right and any provisions
which may be advisable to comply with applicable laws, regulations or rulings of any governmental authority. 
  
 7.2 An Incentive Stock Option and its related Stock Right, if any, shall not be transferable by the Participant other than by will or by the laws of
descent and distribution, and shall be exercisable during the lifetime of the Participant only by him or by his guardian or legal representative. A Nonqualified Stock Option and its related Stock Right, if any, shall be subject to the
transferability and exercisability restrictions of the immediately preceding sentence unless otherwise determined by the Committee, in its sole discretion, and set forth in the applicable Award Agreement. 
  
 7.3 Shares of Stock purchased upon exercise of a Stock Option shall be paid
for in such amounts, at such times and upon such terms as shall be determined by the Committee, subject to limitations set forth in the Stock Option Award Agreement. Without limiting the foregoing, the Committee may establish payment terms for the
exercise of Stock Options which permit the Participant to deliver shares of Stock (or other evidence of ownership of Stock satisfactory to the Company) with a Fair Market Value equal to the exercise price of the Stock Option as payment. 

 
 7.4 No cash dividends shall be paid on shares of Stock subject to
unexercised Stock Options. The Committee may provide, however, that a Participant to whom a Stock Option has been granted which is exercisable in whole or in part at a future time shall be entitled to receive 
  

 12 

 an amount per share equal in value to the cash dividends, if any, paid per share on issued and outstanding Stock, as of
the dividend record dates occurring during the period between the date of the grant and the time each such share of Stock is delivered pursuant to exercise of such Stock Option or the related Stock Right. Such amounts (herein called “dividend
equivalents”) may, in the discretion of the Committee, be: 
  
 (a) paid in cash or Stock either from time to time prior to, or at the time of the delivery of, such Stock, or upon expiration of the Stock Option if it shall not have been fully exercised; or 
  
 (b) converted into contingently credited shares of Stock (with respect to
which dividend equivalents may accrue) in such manner, at such value, and deliverable at such time or times, as may be determined by the Committee. Such Stock (whether delivered or contingently credited) shall be charged against the limitations set
forth in Section 3.6. 
  
 7.5 The Committee, in its sole
discretion, may authorize payment of interest equivalents on dividend equivalents which are payable in cash at a future time. 
  
 7.6 In the event of death or Disability, the Committee, with the consent of the Participant or his legal representative, may authorize payment, in cash or
in Stock, or partly in cash and partly in Stock, as the Committee may direct, of an amount equal to the difference at the time between the Fair Market Value of the Stock subject to a Stock Option and the exercise price of the Option in consideration
of the surrender of the Stock Option. 
  
 7.7 If a Participant is
required to pay to the Company an amount with respect to income and employment tax withholding obligations in connection with exercise of a Nonqualified Stock Option and/or with respect to certain dispositions of Stock acquired upon the exercise of
an Incentive Stock Option, the Committee, in its discretion and subject to such rules as it may adopt, may permit the Participant to satisfy the obligation, in whole or in part, by making an irrevocable election that a portion of the total Fair
Market Value of the shares of Stock subject to the Nonqualified Stock Option and/or with respect to certain dispositions of Stock acquired upon the exercise of an Incentive Stock Option, be paid in the form of cash in lieu of the issuance of Stock
and that such cash payment be applied to the satisfaction of the withholding obligations. The amount to be withheld shall not exceed the statutory minimum Federal and State income and employment tax liability arising from the Stock Option exercise
transaction. 
  
 7.8 The Committee may permit the voluntary
surrender of all or a portion of any Stock Option granted under the Plan to be conditioned upon the granting to the Participant of a new Stock Option for the same or a different number of shares of Stock as the Stock Option surrendered, or may
require such voluntary surrender as a condition precedent to a grant of a new Stock Option to such Participant. Subject to the provisions of the Plan, such new Stock Option shall be exercisable at the same price, during such period and on such other
terms and conditions as are specified by the Committee at the time the new Stock Option is granted. Upon surrender, the Stock Options surrendered shall be canceled and the shares of Stock previously subject to them shall be available for the grant
of Awards under the Plan. 
  

 13 

 ARTICLE VIII 
  
 RESTRICTED STOCK 
  
 8.1 Restricted Stock Awards may be made to certain Participants as an incentive for the performance of future services that will contribute materially to
the successful operation of the Company. Awards of Restricted Stock may be made either alone, in addition to or in conjunction with other Awards granted under the Plan and/or cash payments made outside of the Plan. 
  
 8.2 With respect to Awards of Restricted Stock, the Committee shall:

  
 (a) determine the purchase price, if any, to be paid for such
Restricted Stock, which may be equal to or less than par value and may be zero, subject to such minimum consideration as may be required by applicable law; 
  
 (b) determine the length of the Restriction Period; 
  
 (c) determine any restrictions applicable to the Restricted Stock such as service or performance, other than those set forth in this Article VIII;

  
 (d) determine if the restrictions shall lapse as to all shares
of Restricted Stock at the end of the Restriction Period or as to a portion of the shares of Restricted Stock in installments during the Restriction Period; and 
  

(e) determine if dividends and other distributions on the Restricted Stock are to be paid currently to the Participant or withheld by the Company for
the account of the Participant. 
  
 8.3 Awards of Restricted Stock
must be accepted within a period of sixty (60) days (or such shorter periods as the Committee may specify at grant) after the date of the Award of Restricted Stock, by executing a Restricted Stock Award Agreement and paying whatever price (if any)
is required. 
  
 The prospective recipient of a Restricted Stock Award shall not
have any rights with respect to such Award, unless such recipient has executed a Restricted Stock Award Agreement and has delivered a fully executed copy thereof to the Committee, and has otherwise complied with the applicable terms and conditions
of such Award. 
  
 8.4 Except when the Committee determines
otherwise, or as otherwise provided in the Restricted Stock Award Agreement, if a Participant terminates employment with the Company for any reason before the expiration of the Restriction Period, all shares of Restricted Stock still subject to
restriction shall be forfeited by the Participant and shall be reacquired by the Company. 
  
 8.5 Except as otherwise provided in this Article VIII, no shares of Restricted Stock received by a Participant shall be sold, exchanged, transferred, pledged, hypothecated or otherwise disposed of during the
Restriction Period. 
  

 14 

 8.6 To the extent not otherwise provided in a Restricted Stock Award Agreement, in cases of death,
Disability or Retirement or in cases of special circumstances, the Committee, if it finds that a waiver would be appropriate, may elect to waive any or all remaining restrictions with respect to such Participant’s Restricted Stock. 

 
 8.7 In the event of hardship or other special circumstances of a
Participant whose employment with the Company is involuntarily terminated (other than for cause), the Committee may waive in whole or in part any or all remaining restrictions with respect to any or all of the Participant’s Restricted Stock,
based on such factors and criteria as the Committee may deem appropriate. 
  
 8.8 The certificates representing shares of Restricted Stock may either: 
  
 (a) be held in custody by the Company until the Restriction Period expires or until restrictions thereon otherwise lapse, and the Participant shall
deliver to the Company a stock power endorsed in blank relating to the Restricted Stock; and/or 
  
 (b) be issued to the Participant and registered in the name of the Participant, and shall bear an appropriate restrictive legend and shall be subject to
appropriate stop-transfer orders. 
  
 8.9 Except as provided in
this Article VIII, a Participant receiving a Restricted Stock Award shall have, with respect to the shares of Restricted Stock covered by any Award, all of the rights of a shareholder of the Company, including the right to vote the shares to the
extent, if any, such shares possess voting rights, and the right to receive any dividends; provided, however, the Committee may require that any dividends on such shares of Restricted Stock shall be automatically deferred and reinvested in
additional Restricted Stock subject to the same restrictions as the underlying Award, or may require that dividends and other distributions on Restricted Stock shall be withheld by the Company for the account of the Participant. The Committee shall
determine whether interest shall be paid on amounts withheld, the rate of any such interest, and the other terms applicable to such withheld amounts. 
  
 8.10 If and when the Restriction Period expires without a prior forfeiture of the Restricted Stock subject to such Restriction Period, unrestricted
certificates for such shares shall be delivered to the Participant. 
  
 8.11 In order to better ensure that Award grants actually reflect the performance of the Company and the service of the Participant, the Committee may provide, in its sole discretion, for a tandem performance-based or other Award designed
to guarantee a minimum value, payable in cash or Stock to the recipient of a Restricted Stock Award, subject to such performance, future service, deferral and other terms and conditions as may be specified by the Committee. 
  
 ARTICLE IX 
  
 DEFERRED STOCK 
  
 9.1 Shares of Deferred Stock (together with cash dividend equivalents, if so
determined by the Committee) may be issued either alone or in addition to other Awards granted 
  

 15 

 under the Plan in the discretion of the Committee. The Committee shall determine the individuals to whom, and the time or
times at which, such Awards will be made, the number of shares to be awarded, the price (if any) to be paid by the recipient of a Deferred Stock Award, the time or times within which such Awards may be subject to forfeiture, and all other conditions
of the Awards. The Committee may condition Awards of Deferred Stock upon the attainment of specified performance goals or such other factors or criteria as the Committee may determine. 
  
 9.2 Deferred Stock Awards shall be subject to the following terms and conditions: 
  
 (a) Subject to the provisions of this Plan and the applicable Deferred Stock
Award Agreement, Deferred Stock Awards may not be sold, transferred, pledged, assigned or otherwise encumbered during the Deferral Period. At the expiration of the Deferral Period (or the Elective Deferral Period defined in Section 9.3), share
certificates shall be delivered to the Participant, or his legal representative, in a number equal to the number of shares of Stock covered by the Deferred Stock Award. Notwithstanding the foregoing, based on service, performance and/or such other
factors or criteria as the Committee may determine, the Committee, at or after the date of the grant, may accelerate the vesting of all or any part of any Deferred Stock Award and/or waive the deferral limitations for all or any part of such
Deferred Stock Award. 
  
 (b) Unless otherwise determined by the
Committee, amounts equal to any dividends that would have been payable during the Deferral Period with respect to the number of shares of Stock covered by a Deferred Stock Award if such shares of Stock had been outstanding shall be automatically
deferred and deemed to be reinvested in additional Deferred Stock, subject to the same deferral limitations as the underlying Deferred Stock Award. 
  
 (c) Except to the extent otherwise provided in this Plan or in the applicable Deferred Stock Award Agreement, upon Termination of Employment during the
Deferral Period for a given Award, the Deferred Stock covered by such Award shall be forfeited by the Participant; provided, however, the Committee may provide for accelerated vesting in the event of Termination of Employment due to death,
Disability or Retirement, or in the event of hardship or other special circumstances as the Committee deems appropriate. 
  
 (d) The Committee may require that a designated percentage of the total Fair Market Value of the shares of Deferred Stock held by one or more Participants
be paid in the form of cash in lieu of the issuance of Stock and that such cash payment be applied to the satisfaction of the federal and state income and employment tax withholding obligations that arise at the time the Deferred Stock becomes free
of all restrictions. The designated percentage shall be equal to the income and employment tax withholding rate in effect at the time under federal and applicable state laws. 
  
 (e) The Committee may provide one or more Participants subject to the mandatory cash payment with an election to receive an
additional percentage of the total value of the Deferred Stock in the form of a cash payment in lieu of the issuance of Deferred Stock. The additional percentage shall not exceed the difference between fifty percent (50%) and the designated
percentage cash payment. 
  
 (f) The Committee may impose such
further terms and conditions on partial cash payments with respect to Deferred Stock as it deems appropriate. 
  

 16 

 9.3 A Participant may elect to further defer receipt of Deferred Stock for a specified period or until a
specified event (the “Elective Deferral Period”), subject in each case to the Committee’s approval and to such terms as are determined by the Committee. Subject to any exceptions adopted by the Committee, such election must generally
be made at least twelve (12) months prior to completion of the Deferral Period for the Deferred Stock Award in question (or for the applicable installment of such an Award). 
  
 9.4 Each Award shall be confirmed by, and subject to the terms of, a Deferred Stock Award Agreement. 
  
 9.5 In order to better ensure that the Award actually reflects the
performance of the Company and the service of the Participant, the Committee may provide, in its sole discretion, for a tandem performance-based or other Award designed to guarantee a minimum value, payable in cash or Stock to the recipient of a
Deferred Stock Award, subject to such performance, future service, deferral and other terms and conditions as may be specified by the Committee. 
  
 ARTICLE X 
  
 STOCK AWARDS 
  
 10.1 A Stock Award shall be granted only in payment of compensation that has been earned or as compensation to be earned, including, without limitation, compensation awarded concurrently with or prior to the grant of
the Stock Award. 
  
 10.2 For the purposes of this Plan, in
determining the value of a Stock Award, all shares of Stock subject to such Stock Award shall be valued at not less than one hundred percent (100%) of the Fair Market Value of such shares of Stock on the date such Stock Award is granted, regardless
of whether or when such shares of Stock are issued or transferred to the Participant and whether or not such shares of Stock are subject to restrictions which affect their value. 
  
 10.3 Shares of Stock subject to a Stock Award may be issued or transferred to the Participant at the time the Stock Award is
granted, or at any time subsequent thereto, or in installments from time to time, as the Committee shall determine. If any such issuance or transfer shall not be made to the Participant at the time the Stock Award is granted, the Committee may
provide for payment to such Participant, either in cash or shares of Stock, from time to time or at the time or times such shares of Stock shall be issued or transferred to such Participant, of amounts not exceeding the dividends which would have
been payable to such Participant in respect of such shares of Stock (as adjusted under Section 3.11) if such shares of Stock had been issued or transferred to such Participant at the time such Stock Award was granted. Any issuance payable in shares
of Stock under the terms of a Stock Award, at the discretion of the Committee, may be paid in cash on each date on which delivery of shares of Stock would otherwise have been made, in an amount equal to the Fair Market Value on such date of the
shares of Stock which would otherwise have been delivered. 
  
 10.4 A Stock Award shall be subject to such terms and conditions, including, without limitation, restrictions on the sale or other disposition of the Stock Award or of the shares of Stock issued or transferred pursuant to such Stock Award,
as the Committee shall determine; 
  

 17 

 provided, however, that upon the issuance or transfer of shares pursuant to a Stock Award, the Participant, with respect
to such shares of Stock, shall be and become a shareholder of the Company fully entitled to receive dividends, to vote to the extent, if any, such shares possess voting rights and to exercise all other rights of a shareholder except to the extent
otherwise provided in the Stock Award. Each Stock Award shall be evidenced by a written Award Agreement in such form as the Committee shall determine. 
  
 ARTICLE XI 
  
 PERFORMANCE SHARES 
  
 11.1 Awards of Performance Shares may be made to certain Participants as an incentive for the performance of future services that will contribute materially to the successful operation of the Company. Awards of
Performance Shares may be made either alone, in addition to or in tandem with other Awards granted under the Plan and/or cash payments made outside of the Plan. 
  

11.2 With respect to Awards of Performance Shares, which may be issued for no consideration or such minimum consideration as is required by applicable
law, the Committee shall: 
  
 (a) determine and designate from
time to time those Participants to whom Awards of Performance Shares are to be made; 
  
 (b) determine the performance period (the “Performance Period”) and/or performance objectives (the “Performance Objectives”) applicable to such Awards; 
  
 (c) determine the form of settlement of a Performance Share; and 

 
 (d) generally determine the terms and conditions of each such Award. At
any date, each Performance Share shall have a value equal to the Fair Market Value, determined as set forth in Section 2.15. 
  
 11.3 Performance Periods may overlap, and Participants may participate simultaneously with respect to Performance Shares for which different Performance
Periods are prescribed. 
  
 11.4 The Committee shall determine the
Performance Objectives of Awards of Performance Shares. Performance Objectives may vary from Participant to Participant and between Awards and shall be based upon such performance criteria or combination of factors as the Committee may deem
appropriate, including for example, but not limited to, minimum earnings per share or return on equity. If during the course of a Performance Period there shall occur significant events which the Committee expects to have a substantial effect on the
applicable Performance Objectives during such period, the Committee may revise such Performance Objectives. 
  
 11.5 The Committee shall determine for each Participant the number of Performance Shares which shall be paid to the Participant if the applicable
Performance Objectives are exceeded or met in whole or in part. 
  

 18 

 11.6 If a Participant terminates service with the Company during a Performance Period because of death,
Disability, Retirement or under other circumstances in which the Committee in its discretion finds that a waiver would be appropriate, that Participant, as determined by the Committee, may be entitled to a payment of Performance Shares at the end of
the Performance Period based upon the extent to which the Performance Objectives were satisfied at the end of such period and pro rated for the portion of the Performance Period during which the Participant was employed by the Company; provided,
however, the Committee may provide for an earlier payment in settlement of such Performance Shares in such amount and under such terms and conditions as the Committee deems appropriate or desirable. If a Participant terminates service with the
Company during a Performance Period for any other reason, then such Participant shall not be entitled to any payment with respect to that Performance Period unless the Committee shall otherwise determine. 
  
 11.7 Each Award of a Performance Share shall be paid in whole shares of
Stock, or cash, or a combination of Stock and cash as the Committee shall determine, with payment to be made as soon as practicable after the end of the relevant Performance Period. 
  
 11.8 The Committee shall have the authority to approve requests by Participants to defer payment of Performance Shares on
terms and conditions approved by the Committee and set forth in a written Award Agreement between the Participant and the Company entered into in advance of the time of receipt or constructive receipt of payment by the Participant. 
  
 ARTICLE XII 
  
 OTHER STOCK-BASED AWARDS 
  
 12.1 Other awards of Stock and other awards that are valued in whole or in
part by reference to, or are otherwise based on, Stock (“Other Stock-Based Awards”), including, without limitation, convertible preferred stock, convertible debentures, exchangeable securities, phantom stock and Stock awards or options
valued by reference to book value or performance, may be granted either alone or in addition to or in tandem with Stock Options, Stock Rights, Restricted Stock, Deferred Stock or Stock Awards granted under the Plan and/or cash awards made outside of
the Plan. Subject to the provisions of the Plan, the Committee shall have authority to determine the Eligible Participants to whom and the time or times at which such Awards shall be made, the number of shares of Stock subject to such Awards, and
all other conditions of the Awards. The Committee also may provide for the grant of shares of Stock upon the completion of a specified Performance Period. The provisions of Other Stock-Based Awards need not be the same with respect to each
recipient. 
  
 12.2 Other Stock-Based Awards made pursuant to this
Article XII shall be subject to the following terms and conditions: 
  
 (a) Subject to the provisions of this Plan and the Award Agreement, shares of Stock subject to Awards made under this Article XII may not be sold, assigned, transferred, pledged or otherwise encumbered prior to the date on which the shares
are issued, or, if later, the date on which any applicable restriction, performance or deferral period lapses. 
  
 (b) Subject to the provisions of this Plan and the Award Agreement and unless otherwise determined by the Committee at the time of the Award, the
recipient of an Award 
  

 19 

 under this Article XII shall be entitled to receive, currently or on a deferred basis, interest or dividends or interest
or dividend equivalents with respect to the number of shares covered by the Award, as determined at the time of the Award by the Committee, in its sole discretion, and the Committee may provide that such amounts (if any) shall be deemed to have been
reinvested in additional Stock or otherwise reinvested. 
  
 (c)
Any Award under this Article XII and any Stock covered by any such Award shall vest or be forfeited to the extent so provided in the Award Agreement, as determined by the Committee, in its sole discretion. 
  
 (d) Upon the Participant’s Retirement, Disability or death, or in cases
of special circumstances, the Committee may, in its sole discretion, waive in whole or in part any or all of the remaining limitations imposed hereunder (if any) with respect to any or all of an Award under this Article XII. 
  
 (e) Each Award under this Article XII shall be confirmed by, and subject to
the terms of, an Award Agreement. 
  
 (f) Stock (including
securities convertible into Stock) issued on a bonus basis under this Article XII may be issued for no cash consideration. 
  
 12.3 Other Stock-Based Awards may include a phantom stock Award, which is subject to the following terms and conditions: 
  
 (a) The Committee shall select the Eligible Participants who may receive
phantom stock Awards. The Eligible Participant shall be awarded a phantom stock unit, which shall be the equivalent to a share of Stock. 
  
 (b) Under an Award of phantom stock, payment shall be made on the dates or dates as specified by the Committee or as stated in the Award Agreement and
phantom stock Awards may be settled in cash, Stock, or some combination thereof. 
  
 (c) The Committee shall determine such other terms and conditions of each Award as it deems necessary in its sole discretion. 
  
 ARTICLE XIII 
  
 ACCELERATION EVENTS 
  
 13.1 For the purposes of the Plan, an Acceleration Event shall occur in the event of a “Change in Control”. 
  
 13.2 A “Change in Control” shall be deemed to have occurred if: 
  
 (a) Any “Person” as defined in Section 3(a)(9) of the Act, including a “group” (as that term is used in
Sections 13(d)(3) and 14(d)(2) of the Act), but excluding the Company and any employee benefit plan sponsored or maintained by the Company and (including any trustee of such plan acting as trustee) who: 
  

 20 

 (i) makes a tender or exchange offer for any shares of the Company’s Stock (as defined below)
pursuant to which any shares of the Company’s Stock are purchased (an “Offer”); or 
  
 (ii) together with its “affiliates” and “associates” (as those terms are defined in Rule 12b-2 under the Act) becomes the
“Beneficial Owner” (within the meaning of Rule 13d-3 under the Act) of at least fifty percent (50%) of the Company’s Stock (an “Acquisition”); 
  
 (b) The shareholders of the Company approve a definitive agreement or plan (i) to merge or consolidate the Company with or
into another Company and (x) the Company shall not be the surviving corporation or (y) the Company shall be the surviving corporation and in connection therewith, all or part of the outstanding stock shall be changed into or exchanged for stock or
other securities of any other Person or cash or any other property, (ii) to sell or otherwise dispose of 50% or more of its assets, or (iii) to liquidate the Company; 
  
 (c) The Company shall be a party to a statutory share exchange with any other Person after which the Company is a subsidiary
of any other Person; or 
  
 (d) When, as a result of, or in
connection with, any tender or exchange offer, merger or other business combination, sale of assets or contested election, or any combination of the foregoing, the individuals who, prior to such transaction, constitute the Board (the “Incumbent
Directors”) cease for any reason other than death to constitute at least a majority thereof. 
  
 13.3 Upon the occurrence of an Acceleration Event, the Committee may, in its discretion, declare that all then outstanding Performance Shares with respect
to which the applicable Performance Period has not been completed shall be paid as soon as practicable as follows: 
  
 (a) all Performance Objectives applicable to the Award of Performance Shares shall be deemed to have been satisfied to the extent necessary to result in
payment of one hundred percent (100%) of the Performance Shares covered by the Award; and 
  
 (b) the applicable Performance Period shall be deemed to have ended on the date of the Acceleration Event; 
  
 (c) the payment to the Participant shall be the amount determined either by the Committee, in its sole discretion, or in the manner stated in the Award
Agreement. This amount shall then be multiplied by a fraction, the numerator of which is the number of full calendar months of the applicable Performance Period that have elapsed prior to the date of the Acceleration Event, and the denominator of
which is the total number of months in the original Performance Period; and 
  
 (d) upon the making of any such payment, the Award Agreement as to which it relates shall be deemed canceled and of no further force and effect. 
  
 13.4 Upon the occurrence of an Acceleration Event, the Committee, in its discretion, may declare that 50% of all then
outstanding Stock Options not previously exercisable and 
  

 21 

 vested as immediately exercisable and fully vested, in whole or in part. Notwithstanding the foregoing sentence, the
percentage of outstanding Stock Options which may become immediately exercisable and fully vested upon the Acceleration Event may, in the Committee’s discretion, be higher or lower than 50%. 
  
 13.5 Upon the occurrence of an Acceleration Event, the Committee, in its
discretion, may declare the restrictions applicable to Awards of Restricted Stock, Deferred Stock or Other Stock- Based Awards to have lapsed, in which case the Company shall remove all restrictive legends and stop-transfer orders applicable to the
certificates for such shares of Stock, and deliver such certificates to the Participants in whose names they are registered. 
  
 13.6 The value of all outstanding Stock Option, Stock Rights, Restricted Stock, Deferred Stock, Performance Shares, Stock Awards and Other Stock-Based
Awards, in each case to the extent vested, shall, unless otherwise determined by the Committee in its sole discretion at or after grant but prior to any Change in Control, be cashed out on the basis of the “Change in Control Price,” as
defined in Section 13.9 as of the date such Change in Control is determined to have occurred or such other date as the Committee may determine prior to the Change in Control. 
  
 13.7 For purposes of Section 13.7, “Change in Control Price” means the highest price per share of Stock paid in
any transaction reported on the Nasdaq National Market tier of The Nasdaq Stock Market, or paid or offered in any bona fide transaction related to a Potential or actual Change in Control of the Company at any time during the sixty (60) day period
immediately preceding the occurrence of the Change in Control, in each case as determined by the Committee except that, in the case of Incentive Stock Options and Stock Appreciation Rights (or Limited Stock Appreciation Rights) relating to such
Incentive Stock Options, such price shall be based only on transactions reported for the date on which the optionee exercises such Stock Appreciation Rights (or Limited Stock Appreciation Rights). 
  
 ARTICLE XIV 
  
 AMENDMENT AND TERMINATION 
  
 14.1 The Board, upon recommendation of the Committee, or otherwise, at any
time and from time to time, may amend or terminate the Plan as may be necessary or desirable to implement or discontinue this Plan or any provision thereof. No amendment, without approval by the Company’s shareholders, shall: 
  
 (a) alter the group of persons eligible to participate in the Plan;

  
 (b) except as provided in Sections 3.6 and 3.11, increase the
maximum number of shares of Stock or Stock Options or Stock Rights which are available for Awards under the Plan or increase the maximum number of shares with respect to which Stock Options or Stock Rights may be granted to any employee under the
Plan; 
  
 (c) extend the period during which Incentive Stock
Option Awards may be granted beyond June 12, 2006; 
  

 22 

 (d) limit or restrict the powers of the Board and the Committee with respect to the administration of
this Plan; or 
  
 (e) change any of the provisions of this Article
XIV. 
  
 14.2 No amendment to or discontinuance of this Plan or
any provision thereof by the Board or the shareholders of the Company shall, without the written consent of the Participant, adversely affect, as shall be determined by the Committee, any Award theretofore granted to such Participant under this
Plan; provided, however, the Committee retains the right and power to: 
  
 (a) annul any Award if the Participant competes against the Company or any Subsidiary or is terminated for cause as determined by the Committee; 
  
 (b) provide for the forfeiture of shares of Stock or other gain under an Award as determined by the Committee for competing against the Company or any
Subsidiary; and 
  
 (c) convert any outstanding Incentive Stock
Option to a Nonqualified Stock Option. 
  
 14.3 If an Acceleration
Event has occurred, no amendment or termination shall impair the rights of any person with respect to an outstanding Award as provided in Article XIII. 
  
 ARTICLE XV 
  
 MISCELLANEOUS PROVISIONS 
  
 15.1 Nothing in the Plan or any Award granted hereunder shall confer upon any Participant any right to continue in the employ of the Company (or to serve as a director thereof) or interfere in any way with the right
of the Company to terminate his or her employment at any time. Unless specifically provided otherwise, no Award granted under the Plan shall be deemed salary or compensation for the purpose of computing benefits under any employee benefit plan or
other arrangement of the Company or its Subsidiaries for the benefit of its employees unless the Company shall determine otherwise. No Participant shall have any claim to an Award until it is actually granted under the Plan. To the extent that any
person acquires a right to receive payments from the Company under the Plan, such right shall, except as otherwise provided by the Committee, be no greater than the right of an unsecured general creditor of the Company. All payments to be made
hereunder shall be paid from the general funds of the Company, and no special or separate fund shall be established and no segregation of assets shall be made to assure payment of such amounts, except as provided in Article VIII with respect to
Restricted Stock and except as otherwise provided by the Committee. 
  
 15.2 The Company may make such provisions and take such steps as it may deem necessary or appropriate for the withholding of any taxes which the Company or any Subsidiary is required by any law or regulation of any governmental authority,
whether federal, state or local, domestic or foreign, to withhold in connection with any Stock Option or the exercise thereof, any Stock Right or the exercise thereof, or in connection with any other type of equity- based compensation provided
hereunder or the exercise thereof, including, but not limited to, the withholding of payment of all or any portion of such Award or another Award under this Plan 
  

 23 

 until the Participant reimburses the Company for the amount the Company is required to withhold with respect to such
taxes, or canceling any portion of such Award or another Award under this Plan in an amount sufficient to reimburse itself for the amount it is required to so withhold, or selling any property contingently credited by the Company for the purpose of
paying such Award or another Award under this Plan, in order to withhold or reimburse itself for the amount it is required to so withhold. 
  
 15.3 The Plan and the grant of Awards shall be subject to all applicable federal and state laws, rules, and regulations and to such approvals by any
government or regulatory agency as may be required. Any provision herein relating to compliance with Rule 16b-3 under the Act shall not be applicable with respect to participation in the Plan by Participants who are not subject to Section 16(b) of
the Act. 
  
 15.4 The terms of the Plan shall be binding upon the
Company, its Subsidiaries, and their successors and assigns. 
  
 15.5 Neither a Stock Option, Stock Right, nor any other type of equity-based compensation provided for hereunder, shall be transferable except as provided for herein. If any Participant makes such a transfer in violation hereof, any
obligation of the Company shall forthwith terminate. 
  
 15.6 This
Plan and all actions taken hereunder shall be governed by the laws of the State of North Carolina, except to the extent preempted by ERISA. 
  
 15.7 The Plan is intended to constitute an “unfunded” plan for incentive and deferred compensation. With respect to any payments not yet made to
a Participant by the Company, nothing contained herein shall give any such Participant any rights that are greater than those of a general creditor of the Company. In its sole discretion, the Committee may authorize the creation of trusts or other
arrangements to meet the obligations created under the Plan to deliver shares of Stock or payments in lieu of or with respect to Awards hereunder; provided, however, that, unless the Committee otherwise determines with the consent of the affected
Participant, the existence of such trusts or other arrangements is consistent with the “unfunded” status of the Plan. 
  
 15.8 Each Participant exercising an Award hereunder agrees to give the Committee prompt written notice of any election made by such Participant under
Section 83(b) of the Code, or any similar provision thereof. 
  
 15.9 If any provision of this Plan or an Award Agreement is or becomes or is deemed invalid, illegal or unenforceable in any jurisdiction, or would disqualify the Plan or any Award Agreement under any law deemed applicable by the Committee,
such provision shall be construed or deemed amended to conform to applicable laws or if it cannot be construed or deemed amended without, in the determination of the Committee, materially altering the intent of the Plan or the Award Agreement, it
shall be stricken and the remainder of the Plan or the Award Agreement shall remain in full force and effect. 
  
 AIRSPAN NETWORKS, INC. 
  
 By: ___________________________________ 
       Authorized Officer 
  
 ATTEST: 
  
 (Corporate Seal) 
  
  
 ___________________________________ 
 Secretary 
  

 24

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00066-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00066-of-00352.parquet"}]]