Document:

Prepared by MERRILL CORPORATION

STANDBY PURCHASE AND

NOTE SUPPORT AGREEMENT  

    This Standby Purchase and Note Support Agreement (this "Agreement") is made and entered into as of August 16, 1999 by and among Louisiana-Pacific
Corporation, a Delaware Corporation ("L-P"), Bank of America, N.A., a national banking association ("BofA"), and Canadian Imperial Bank of Commerce, a Canadian chartered bank ("CIBC"). 

RECITALS:  

    A.  As
described in an Offer and Circular (the "Circular"), dated August 16, 1999, Louisiana-Pacific Acquisition Inc., a wholly owned subsidiary of
L-P ("L-P Acquisition"), is making a tender offer (the "Offer") for all of the outstanding shares of capital stock (the "Shares") of Le Groupe Forex Inc. ("Forex"). Each
of BofA and CIBC acknowledges that it has received and reviewed a copy of the Circular. 

    B.  Pursuant
to the terms of the Offer, each holder of Shares may elect to receive the purchase price for his or her Shares in cash, installment notes issued by
L-P Acquisition and guaranteed by L-P (the "Installment Notes"), or a combination of cash and Installment Notes. However, as described in the Circular, all Installment Notes
that would otherwise be issuable to holders of Shares who are Non-Canadian Shareholders (as such term is defined in the Circular) in accordance with the terms of the Offer will instead be
issued and delivered to the Depositary (as such term is defined in the Circular), and are to be pooled and sold by the Depositary to BofA. 

    C.  Subsequent
to the date of the Circular, BofA and CIBC determined that it would be desirable for them to purchase any Installment Notes to be sold by the Depositary
as described above. 

    D.  L-P,
BofA and CIBC desire to set forth herein the terms of any such purchases of Installment Notes by BofA and CIBC from the Depositary and certain
other matters. 

    NOW,
THEREFORE, in consideration of the foregoing and the representations, warranties and covenants contained in this Agreement and for other good and valuable consideration, the
receipt and sufficiency of which are hereby acknowledged, the parties hereto do hereby agree as follows: 

    1.  Standby Purchase.  BofA and CIBC shall purchase from the Depositary, at a purchase price equal to the
principal amount thereof and no later than three business days after L-P Acquisition has taken up and paid for the Shares pursuant to the Offer, all Installment Notes which are to be
pooled and sold by the Depositary in accordance with the terms of the Offer as described in the recitals to this Agreement. BofA and CIBC each acknowledges that it has received and reviewed a copy of
the Circular. 

    (a)  Representations of BofA and CIBC; Resale by BofA or CIBC.  Each of BofA and CIBC, severally and not
jointly, represents and warrants to L-P that it is (i) an entity not formed for the specific purpose of acquiring Installment Notes and has total assets in excess of
$5 million or (ii) otherwise an "accredited investor" within the meaning of Regulation D under the Securities Act of 1933 (the "Securities Act") and that any Installment Notes
purchased by it pursuant to Paragraph 1 of this Agreement shall be so purchased for its own account. Each of BofA and CIBC, severally and not jointly, acknowledges that the Installment Notes
have not been registered under the Securities Act. Each of BofA and CIBC, severally and not jointly, agrees that it will not sell, transfer or otherwise dispose of any Installment Notes except in a
transaction registered or exempt from registration under the Securities Act and in compliance with applicable state securities laws. 

    2.  Note Support.  If BofA (or any entity controlled by, controlling, or under common control with BofA)
or CIBC shall at any time become the holder or otherwise directly or indirectly be in possession of any Installment Notes, whether pursuant to Paragraph 1 of this Agreement or otherwise, the 

 

following provisions of this Paragraph 2 shall apply for so long as BofA or CIBC holds any Installment Notes: 

    (a)  Compliance with Certain Covenants.  L-P shall comply with all of the covenants set forth
under the headings "Affirmative Covenants" and "Negative Covenants" in the Credit Agreement, dated as of January 31, 1997, among L-P, Louisiana-Pacific Canada Ltd., the
several financial institutions from time to time party thereto (collectively, the "Banks") and BofA, as agent for the Banks (such Credit Agreement, as the same has been amended or otherwise modified
prior to the date hereof being referred to herein as the "Credit Agreement"), subject in each case to any applicable grace periods provided for in the Credit Agreement. The covenants described in the
immediately preceding sentence, as from time to time constituted pursuant to the immediately preceding sentence, are incorporated herein by this reference with the same force and effect as though they
were set forth herein in their entirety, and shall be effective for purposes of this Agreement irrespective of any further amendment, expiration, termination, invalidity or unenforceability of the
Credit Agreement. 

    (b)  Representations of L-P.  L-P represents and warrants to BofA and CIBC that,
as of the date hereof, the representations and warranties made by L-P set forth under the heading "Representations and Warranties" in the Credit Agreement (exclusive of the last two
sentences of Section 5.13 of the Credit Agreement) are true and correct. 

    (c)  Payment of Interest.  L-P shall cause the interest on any Installment Notes held
directly or indirectly by BofA or CIBC to be paid in full within five business days after the due date therefor, irrespective of any longer grace period provided for in the indenture under which such
Installment Notes shall have been issued. 

    (d)  Remedies.  If (i) L-P shall breach or default under any covenant incorporated
herein by reference pursuant to subparagraph (a) of this Paragraph 2 and such breach or default shall continue for 30 days after written notice thereof to L-P by BofA
or CIBC, (ii) any representation or warranty incorporated herein by reference to subparagraph (b) of this Paragraph 2 shall prove to have been false or misleading in any material
respect when made or when deemed to have been made, (iii) L-P shall breach or default under its covenant set forth in subparagraph (c) of this Paragraph 2 or fail to
make any payment of principal on any Installment Note when due or (iv) an "Event of Default" under and as defined in the Credit Agreement shall occur, then L-P shall, upon demand by
BofA, purchase from BofA (or any entity controlled by, controlling, or under common control with BofA), and upon demand by CIBC, purchase from CIBC, all Installment Notes held by, or otherwise in the
direct or indirect possession of, such entity for a purchase price equal to the principal amount thereof plus accrued and unpaid interest to the date of such purchase. 

    3.  General Provisions.  (a) Rights and Obligations Several.  The rights and obligations of each of BofA and CIBC under this Agreement shall be
several and not joint. 

    (b)  Amendments and Waivers.  This Agreement may not be amended except by an instrument in writing signed
on behalf of each of the parties hereto. No waiver of any provision of this Agreement and no consent with respect to any departure therefrom by any party hereto shall be effective unless the same
shall be in writing and signed by the party granting such waiver or consent. Any such waiver or consent shall be effective only in the specific instance and for the specific purpose for which given. 

    (c)  Notices.  All notices, requests, claims, demands and other communications under this Agreement shall
be in writing and shall be deemed given if delivered personally or sent by 

2

 

overnight courier (providing proof of delivery) to the parties at the following addresses (or at such other address for a party as shall be specified by like notice): 

	 	 	(i)	 	if to L-P, to
	

 	
 	

 	
 	

Louisiana-Pacific Corporation

111 SW Fifth Avenue, #-4200

Portland, Oregon 97204

Attention: Mr. Curt Stevens

Vice President and Chief Financial Officer

Telecopy: (503) 821-5319
	

 	
 	

(ii)	
 	

if to BofA
	

 	
 	

 	
 	

Bank of America, N.A.

Paper and Forest Products #9973

555 California Street; 41st Floor

San Francisco, California 94104

Attention: Mr. Michael J. Balok

Telecopy: (415) 622-458
	

 	
 	

(iii)	
 	

if to CIBC
	

 	
 	

 	
 	

Canadian Imperial Bank of Commerce

BCE Place, P.O. Box. 500

161 Bay Street; 8th Floor

Toronto, Ontario M5J 258

Attention: Managing Director, Global

Paper and Forest Products

Telecopy: (416) 594-8347

    (d)  Third-Party Beneficiaries.  This Agreement is not intended to confer upon any person (including
without limitation any holder of Installment Notes other than BofA or CIBC and any trustee under the indenture under which the Installment Notes shall have been issued), other than the parties hereto,
any rights or remedies. 

    (e)  Governing Law.  This Agreement shall be governed by, and construed in accordance with, the laws of
the State of California, regardless of the laws that might otherwise govern under applicable principles of conflicts of laws thereof. 

    (f)  Assignment.  Neither this Agreement nor any of the rights, interests or obligations under this
Agreement may be assigned or delegated, in whole or in part, by any of the parties without the prior written consent of all of the other parties, and any such assignment without such prior written
consent shall be null and void. Subject to the preceding sentence, this Agreement will be binding upon, inure to the benefit of, and be enforceable by, the parties and their respective successors and
assigns. 

    (g)  Counterparts.  This Agreement may be executed in one or more counterparts, all of which shall be
considered one and the same instrument and shall become effective when one or more counterparts have been signed by each of the parties and delivered to the other parties. 

    (h)  Inconsistency With Other Documents.  With respect to the parties hereto, to the extent the terms of
this Agreement are inconsistent with the terms of any Installment Note or the indenture under which such Installment Notes were issued, the provisions of this Agreement shall supersede and control
such other inconsistent terms. 

[signature
page follows] 

3

 

    IN WITNESS WHEREOF, L-P, BofA and CIBC have caused this Agreement to be signed by their respective officers thereunto duly authorized, all as of the date first written
above. 

	 	LOUISIANA-PACIFIC CORPORATION
	

 	

By:	

	

 	

Name:	

	

 	

Title:	

	

 	

BANK OF AMERICA, N.A.
	

 	

By:	

	

 	

Name:	

	

 	

Title:	

	

 	

CANADIAN IMPERIAL BANK OF COMMERCE
	

 	

By:	

	

 	

Name:	

	

 	

Title:	

4

WAIVER AND FIRST AMENDMENT

TO STANDBY PURCHASE

AND NOTE SUPPORT AGREEMENT  

    THIS WAIVER AND FIRST AMENDMENT (this "Waiver and Amendment"), dated as of July 18, 2001, is entered
into by and among LOUISIANA-PACIFIC CORPORATION, a Delaware Corporation ("L-P"), BANK OF AMERICA, N.A., a national banking association
("BofA"), and CANADIAN IMPERIAL BANK OF COMMERCE, a Canadian chartered bank ("CIBC"). 

RECITALS:  

    A.  L-P,
BofA and CIBC are parties to a Standby Purchase and Note Support Agreement, dated as of August 16, 1999 (the
"Agreement"), pursuant to which BofA and CIBC purchased certain Installment Notes from the Depositary (as such terms are defined therein). 

    B.  Section 2(a)
of the Agreement requires that L-P comply with the negative covenant (Funded Debt to Net Worth) set forth in Section 7.01 of
the Credit Agreement (as defined in the Agreement) as originally executed. L-P has informed BofA and CIBC that as of the end of the fiscal quarter ended June 30, 2001 as well as as
of the end of certain prior fiscal quarters, but for the Waiver and Second Amendment to Credit Agreement dated as of February 16, 2001 among L-P, BofA for itself and the banks party
thereto, and the other parties thereto, L-P would be in breach of such covenant under the Credit Agreement. L-P has requested that BofA and CIBC waive any breach or default
under Section 2(a) of the Agreement that has arisen by reason of a failure to comply with the covenant set forth in Section 7.01 of the Credit Agreement as originally executed and
incorporated into Section 2(a) of the Agreement by reference (the "Funded Debt to Net Worth Covenant"), and that BofA and CIBC agree to certain
amendments of the Agreement. BofA and CIBC have agreed to do so subject to the terms and conditions of this Waiver. 

    NOW,
THEREFORE, the parties hereto hereby agree as follows: 

    1.  Defined Terms.  Unless otherwise defined herein, capitalized terms used herein shall have the
meanings assigned to them in the Agreement. 

    2.  Waiver.  L-P acknowledges that it has failed to comply with the Funded Debt to Net Worth
Covenant. Subject to the terms and conditions hereof, BofA and CIBC hereby agree to waive any breach or default arising out of such failure (the "Existing
Defaults"). Nothing contained herein shall be deemed a waiver of (or otherwise affect BofA's or CIBC's ability to enforce) any breach or default of the Agreement other than the
Existing Defaults. 

    3.  Amendment to Agreement.  The Agreement shall be amended by inserting the following sentence at the
end of Section 2(a) thereof: 

Notwithstanding
the foregoing, the amendments with respect to Section 7.01 of the Credit Agreement set forth in Sections 3(a) and 3(d) of the Waiver and Second Amendment to Credit
Agreement, dated as of February 16, 2001, shall be given effect for the purposes of this Section 2(a). 

    4.  Representations and Warranties.  L-P hereby represents and warrants as follows: 

    (a) Other
than the Existing Defaults, no breach or default has occurred and is continuing under the Agreement. 

    (b) The
execution, delivery and performance of this Waiver and Amendment by L-P have been duly authorized by all necessary corporate and other action and do
not and will not require any registration with, consent or approval of, notice to or action by, any person (including any governmental agency) in order to be effective and enforceable. The Agreement,
as amended by this Waiver and Amendment, constitutes the legal, valid and binding obligation of L-P, enforceable against L-P in accordance with its respective terms, without
defense, counterclaim or offset. 

    (c) All its representations and warranties contained in the Agreement are true and correct as though made on and as of the Effective Date (except to the extent such
representations and warranties specifically relate to an earlier date, in which case they were true and correct as of such earlier date). 

    (d) It
is entering into this Waiver and Amendment on the basis of its own investigation and for its own reasons, without reliance upon BofA or CIBC (except for
compliance with the terms of this Waiver and Amendment) or any other person. 

    5.  Effective Date.  This Waiver and Amendment will become effective as of date (the
"Effective Date") on which BofA and CIBC have received from L-P an original or facsimile of this Waiver and Amendment, duly executed by
BofA, CIBC and L-P. 

    6.  Reservation of Rights.  L-P acknowledges and agrees that neither BofA's nor CIBC's
execution and delivery of this Waiver and Amendment shall be deemed to create a course of dealing or otherwise obligate BofA or CIBC to execute similar waivers under the same or similar circumstances
in the future. 

    7.  Miscellaneous.  

    (a) Except
as expressly set forth herein, this Waiver and Amendment shall not by implication or otherwise limit, impair, constitute a waiver of, or otherwise affect the
rights or remedies of BofA or CIBC under the Agreement or any related documents, and shall not alter, modify, amend, or in any way affect the terms, conditions, obligations, covenants, or agreements
contained in the Agreement or
any related documents, all of which are hereby ratified and affirmed in all respects and shall continue in full force and effect. 

    (b) This
Waiver and Amendment shall be binding upon and inure to the benefit of the parties hereto and thereto and their respective successors and assigns. No third
party beneficiaries are intended in connection with this Waiver and Amendment. 

    (c) This
Waiver and Amendment shall be governed by and construed in accordance with the law of the State of California (without regard to principles of conflicts of
laws). 

    (d) This
Waiver and Amendment may be executed in any number of counterparts, each of which shall be deemed an original, but all such counterparts together shall
constitute but one and the same instrument. 

    (e) This
Waiver and Amendment, together with the Agreement, contains the entire and exclusive agreement of the parties hereto with reference to the matters discussed
herein and therein. This Waiver and Amendment supersedes all prior drafts and communications with respect thereto. This Waiver and Amendment may not be amended except in accordance with the provisions
of Section 3(b) of the Agreement. 

    (f)  If
any term or provision of this Waiver and Amendment shall be deemed prohibited by or invalid under any applicable law, such provision shall be invalidated
without affecting the remaining provisions of this Waiver and Amendment or the Agreement, respectively. 

    (g) L-P
hereby covenants to pay or to reimburse BofA and CIBC, upon demand, for all reasonable costs and expenses (including reasonable attorney fees and
expenses) incurred in connection with the development, preparation, negotiation, execution and delivery of this Waiver and Amendment and any other amendments or other documents relating thereto. 

    IN
WITNESS WHEREOF, the parties hereto have executed and delivered this Waiver and Amendment as of the date first above written. 

	 	LOUISIANA-PACIFIC CORPORATION
	

 	

By:	

	

 	

Name:	

	

 	

Title:	

	

 	

BANK OF AMERICA, N.A.
	

 	

By:	

	

 	

Name:	

	

 	

Title:	

	

 	

CANADIAN IMPERIAL BANK OF COMMERCE
	

 	

By:	

	

 	

Name:	

	

 	

Title:<Page>

                                                                   Exhibit 10.24

May 30, 2001

Alan E. Dow, Ph.D.
4425 Shorepointe Way
San Diego, CA 92130-8636

Dear Alan:

         It is with great pleasure that we present our offer to you of the
position of Vice President and General Counsel of Vical Incorporated, (the
"Company"), effective no later than June 15, 2001. We are all delighted about
the prospect of your joining our Senior Management team.

         This letter sets forth the basic terms and conditions of your
employment with the Company. By signing this letter, you will be agreeing to
these terms:

         1.       DUTIES AND SCOPE OF EMPLOYMENT.

         (a)      POSITION. The Company agrees to employ you as Vice President
and General Counsel. You will report to the Chief Executive Officer of the
Company and have the powers and duties commensurate with such position.

         (b)      OBLIGATIONS. During the term of your employment, you will
devote your full business efforts and time to the Company and its subsidiaries
(if any). You will not render services to any other person or entity without the
express prior approval of the Chief Executive Officer. During your employment,
you will not engage, directly or indirectly, in any other business activity
(whether or not pursued for pecuniary advantage) that is or may be competitive
with the Company; provided that you may own less than one percent of the
outstanding securities of any publicly-traded corporation.

         2.       COMPENSATION.

         (a)      SALARY. During your employment, the Company agrees to pay you
as compensation for your services a base salary at the annual rate of $230,000
or at such higher rate as the Company may determine from time to time. Such
salary will be payable in accordance with the Company's standard payroll
procedures. (The annual compensation specified in this Section 2(a), together
with any increases in such compensation that the Company may grant from time to
time, is referred to in this Agreement as "Base Compensation.")

         (b)      BONUS. You will be eligible for a performance-based annual
cash bonus, at the discretion of the Board of Directors, targeted at 10% to 20%
of your Base Compensation during 2001. Bonuses are generally proposed in January
of the following year and, if approved by the Board of Directors, are paid out
in the following February.

<Page>

Dr. Alan E. Dow
May 30, 2001
Page 2

         3.       EMPLOYEE BENEFITS.

         (a)      COMPANY BENEFITS. During the term of your employment, you will
be eligible to participate in the employee benefit plans maintained by the
Company, subject in each case to the generally applicable terms and conditions
of the plan in question and to the determinations of any person or committee
administering such plan. The benefits may be changed from time to time by the
Company. Current employee benefits are described in the enclosed benefit
summary.

         (b)      CALIFORNIA BAR. You will be entitled to take a paid leave of
absence for the purpose of studying for and taking the California State Bar
examination, not to exceed an aggregate of six weeks prior to and the days of
the examination. The Company will reimburse you for the cost of a Bar
examination review course and the examination fee.

         4.       BUSINESS EXPENSES. During your employment, you will be
authorized to incur necessary and reasonable travel, entertainment and other
business expenses in connection with your duties hereunder. The Company will
reimburse you for such expenses upon presentation of an itemized account and
appropriate supporting documentation, all in accordance with the Company's
generally applicable policies.

         5.       STOCK OPTION. The Company will grant to you a stock option
(such option to be an incentive stock option to the extent permitted by law) to
purchase from the Company 80,000 shares of the Company's common stock (the
"Shares"). The exercise price of your stock option will be equal to the fair
market value on the date of the grant. Your stock option will be granted
pursuant to the Stock Incentive Plan of Vical Incorporated and will be subject
to the terms and conditions of the Plan and the Company's form of stock option
agreement, a copy of which is enclosed. Your stock options will vest (become
exercisable) on a quarterly basis over a four-year period, subject to a one-year
"cliff" vesting provision.

         6.       PROPRIETARY INFORMATION AND INVENTIONS AGREEMENT. You will be
required to sign and abide by the terms of the Company's Employee's Proprietary
Information and Inventions Agreement, a copy of which is enclosed.

         7.       IMMIGRATION DOCUMENTATION. Please be advised that your
employment is contingent on your ability to prove your identity and
authorization to work in the United States. You must comply with the Immigration
and Naturalization Service's employment verification requirements.

         8.       TERM AND TERMINATION OF EMPLOYMENT.

         (a)      "AT WILL" EMPLOYMENT. Your employment with the Company is "at
will" and not for a specified term and may be terminated by you or the Company
at any time for any reason, with or without cause. Except as expressly provided
in subsection (c) below, upon a termination of your employment, you will only be
entitled to the compensation, benefits and

<Page>

Dr. Alan E. Dow
May 30, 2001
Page 3

reimbursements described in Section 2, 3 and 4 for the period preceding the
effective date of the termination.

         (b)      DEFINITIONS. For all purposes under this Agreement,

                  (i)      "Good Reason" shall mean (A) you have incurred a
         material reduction in your authority or responsibility, (B) a more than
         25 percent reduction in Base Compensation or (C) a material breach of
         this Agreement by the Company;

                  (ii)     "Cause" shall mean (A) a failure to perform your
         duties hereunder, other than a failure resulting from complete or
         partial incapacity due to physical or mental illness or impairment, (B)
         gross misconduct or fraud or (C) conviction of, or a plea of "guilty"
         or "no contest" to, a felony.

                  (iii)    "Disability" shall mean that you, at the time your
         employment is terminated, have performed substantially none of your
         duties under this Agreement for a period of not less than three
         consecutive months as the result of your incapacity due to physical or
         mental illness.

         (c)      SALARY CONTINUATION. Subject to subsection (d) below, the
Company will continue to pay your Base Compensation (at the annual rate then in
effect) for up to six months following a termination of your employment if,
prior to the fourth annual anniversary of the commencement of your employment:

                  (i)      the Company terminates your employment without your
         consent for any reason other than Cause or Disability; or

                  (ii)     you voluntarily resign your employment for Good
         Reason.

The payments under this subsection (c) will cease in the event of your death. In
order to receive your salary continuation, you will be required to sign a
release in a form acceptable to the Company, of any and all claims that you may
have against the Company.

         (d)      MITIGATION. The payments under subsection (c) above shall be
reduced on a dollar-for-dollar basis by any other compensation earned by you for
personal services performed as an employee or independent contractor during the
six-month period following the termination of your employment, including
(without limitation) deferred compensation. You will apply your best efforts to
seek and obtain other employment or consulting engagements, whether on a full-
or part-time basis, during such six-month period in order to mitigate the
Company's obligations under subsection (c) above. At reasonable intervals, you
will report to the Company with respect to such efforts and any compensation
earned during such six-month period.

<Page>

Dr. Alan E. Dow
May 30, 2001
Page 4

         9.       DISPUTE RESOLUTION. You and the Company ("the parties ") agree
that any dispute arising out of or related to your employment shall be resolved
as provided in the Dispute Resolution Procedures attached hereto as Exhibit A.

         Please note that this Agreement supersedes any prior agreements,
representations or promises of any kind, whether written, oral, express or
implied between the parties hereto with respect to the subject matters herein,
and it, together with your stock option agreement and Employee's Proprietary
Information and Inventions Agreement, constitutes the full, complete and
exclusive agreement between you and the Company with respect to the subject
matters herein. This Agreement cannot be changed unless in writing, signed by
you and an authorized officer of the Company. If any term of this Agreement is
held to be invalid, void or unenforceable, the remainder of this Agreement shall
remain in full force and effect and shall in no way be affected, and the parties
will use their best efforts to find an alternative way to achieve the same
result.

         This offer letter may be executed in two or more counterparts, each of
which shall be deemed an original and all of which together shall constitute one
and the same instrument. This Agreement is governed by California law without
regard to its choice of law provisions.

         To indicate your acceptance of this offer of employment, please sign
below and return one signed copy to me no later than May 31, 2001.

                                        Sincerely,

                                        VICAL INCORPORATED

                                        By /s/ Vijay B. Samant
                                          --------------------------------------
                                          Vijay B. Samant
                                          President and Chief Executive Officer

ACCEPTED AND AGREED
This 30th day of May, 2001:
/s/ Alan E. Dow
------------------------
Alan E. Dow, Ph.D.

<Page>

                                    EXHIBIT A

                          DISPUTE RESOLUTION PROCEDURE

         You and the Company ("the parties ") agree that any dispute arising out
of or related to your employment shall be resolved by binding arbitration,
except where the law specifically forbids the use of arbitration as a final and
binding remedy, or where subsection (g) below specifically allows a different
remedy.

         (a)      The complainant shall provide the other party with a written
statement of the claim identifying any supporting witnesses or documents and the
requested relief.

         (b)      The respondent shall furnish a statement of the relief, if
any, that it is willing to provide, and identify supporting witnesses or
documents. If the matter is not resolved, the parties shall submit the dispute
to nonbinding mediation, paid for by the Company, before a mediator to be
selected by the parties.

         (c)      If the matter is not resolved through mediation, the parties
agree that the dispute shall be resolved by binding arbitration. If the parties
are unable to jointly select an arbitrator, they will obtain a list of
arbitrators from the Federal Mediation and Conciliation Service and select an
arbitrator by striking names from that list.

         (d)      The arbitrator shall have the authority to determine whether
the conduct complained of in subsection (a) of this Section 9 violates the
complainant's rights and, if so, to grant any relief authorized by law; subject
to the exclusions of subsection (g) below. The arbitrator shall not have the
authority to modify, change or refuse to enforce the terms of any employment
agreement between the parties, or change any lawful policy or benefit plan.

         (e)      The Company will bear the costs of the arbitration if you
prevail. If the Company prevails, you will pay half the cost of the arbitration
or $500, whichever is less. Each party shall pay its own attorneys fees, unless
the arbitrator orders otherwise pursuant to applicable law.

         (f)      Arbitration shall be the exclusive final remedy for any
dispute between the parties, such as disputes involving claims for
discrimination or harassment (such as claims under the Fair Employment and
Housing Act, Title VII of the Civil Rights Act of 1964, the Americans with
Disabilities Act, or the Age Discrimination in Employment Act), wrongful
termination, breach of contract, breach of public policy, physical or mental
harm or distress or any other disputes, and the parties agree that no dispute
shall be submitted to arbitration where the complainant has not complied with
the preliminary steps provided for in sections (a) and (b) above.

         (g)      The parties agree that the arbitration award shall be
enforceable in any court having jurisdiction to enforce this Agreement, so long
as the arbitrator's findings of fact are supported by substantial evidence on
the whole and the arbitrator has not made errors of law; however, either party
may bring an action in a court of competent jurisdiction regarding or related to
matters involving the Company's confidential, proprietary or trade secret

                                      -1-
<Page>

information, or regarding or related to inventions that you may claim to have
developed prior to joining the Company or after joining the Company, pursuant to
California Labor Code Section 2870 ("Disputes Related to Inventions"). The
parties further agree that for Disputes Related to Inventions that the parties
have elected to submit to arbitration, each party retains the right to seek
preliminary injunctive relief in court in order to preserve the status quo or
prevent irreparable injury before the matter can be heard in arbitration.

                                      -2-

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