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Exhibit 10.26    
  

DATED 17th October 2002  

(1) ONYX SOFTWARE (UK) LIMITED  

 and  

 (2) LAWSON SOFTWARE INC.  

UNDERLEASE

re Building C, Trinity Court

Wokingham, Bracknell, Berkshire  

 McClure Naismith

Pountney Hill House

6 Laurence Pountney Hill

London EC4R 0BL

Tel No: 020 7623 9155

Fax No: 020 7623 9154

Ref: JF/IB/8328.7  

        THIS UNDERLEASE is made the 17th day of October 2002 

        BETWEEN:

        (1)  ONYX SOFTWARE (UK) LIMITED (Company Number 02230947) c/o Taylor Johnson Garrett, Carmalite, 50 Victoria Embankment,
Blackfriars, London EC44 0DX ("the Landlord") and 

        (2)  LAWSON SOFTWARE INC. (Company Number FC15367) c/o Kidd Rapinet Solicitors, 33 Queen Street, Maidenhead, Berkshire
("the Tenant") 

        NOW IT IS AGREED as follows: 

        1    DEFINITIONS AND INTERPRETATION    For the purposes of this Underlease the terms defined in this clause have the
meanings specified. 

        1.1    Consent    Where under the terms of this Underlease the consent of the Landlord is required for any act or
matter, the consent of the Superior Landlord under the terms of the Headlease is also to be required wherever requisite, provided that nothing in this Underlease is to be construed as imposing on the
Superior Landlord any obligation not to refuse his consent unreasonably, or as indicating that such an obligation is imposed on the Superior Landlord by virtue of the terms of the Headlease. 

        1.2    The Headlease    

        1.2.1    Definition    The Headlease means the lease under which the Landlord holds the Premises dated 16th day of
June 2000 and made between (1) Glasgow City Council ("the Head Landlord") and (2) Onyx Software (UK) Limited ("the Tenant") for a term of 16 years commencing on 25 March 2000 and which is
annexed hereto. 

        1.2.2    Interpretation    The term "the Headlease" includes any lease superior to the Headlease; 

        1.2.3    Terms of this Underlease    This Underlease is made upon the same terms and subject to the same covenants,
provisos and conditions as are contained in the Headlease except as to the rent and the term of years granted therein so that this Underlease is to be construed and take effect as if those terms,
covenants, provisos and conditions were except as above repeated in this Lease in full with such further modifications only as are necessary to make them applicable to the parties to this Lease. 

        1.3    Interpretation of "the Superior Landlord"    The expression "the Superior Landlord" includes its successors in
title and all other superior landlords however remote. 

        1.4    Interpretation of "this Underlease"    The expression "this Underlease" includes, unless expressly stated to
the contrary, any document supplemental to or collateral with this document or entered into in accordance with this document to include but not limited to a rent deposit Deed made between (1) the
Landlord and (2) the Tenant and dated the 17th day of October 2002. 

        1.5    The Term    The term of years from the 19th day of August 2002 and expiring on 21 March 2016 subject to the
Tenant's right to determine this Underlease contained herein. 

        1.6    Rent Commencement Date    19th day of February 2003. 

        1.7    Rights exercisable under the Headlease    Reference to any right exercisable by the Landlord, or any right
exercisable by the Tenant in common with the Landlord, is to be construed as including, where appropriate, reference to the exercise of the right by the Superior Landlord and all persons authorised by
him in common with all other persons having a like right. 

        1.8  The definitions and the provisions for interpretation described or referred to in the Head Lease shall apply to this
Underlease as if the same were set out herein in full save as varied or extended by these definitions described above Save That should there be any dispute or ambiguity over the meaning affect or
intent of the definitions set out in the Head Lease and in this Underlease then the definitions in the Head Lease shall be applied. 

 

        2    DEMISE    

        2.1  All that property known as Building C, Trinity Court, Wokingham Road, Bracknell, Berkshire as more particularly defined
and described in the Headlease and including the 91 car parking space (and facilities) as more particularly demised in the Headlease ("the Demised Premises"). In consideration of the payment of the
rents and the performance of the covenants on the part of the Tenant hereinafter reserved and contained the Landlord demises the Demised Premises to the Tenant TOGETHER
WITH for the benefit of the Tenant the rights specified in the Headlease but EXCEPTING AND RESERVING to the Landlord the
Superior Landlord and all persons authorised by them the rights specified in the Headlease SUBJECT TO and (as the case may be) with the benefit of all
rights easements quasi-easements privileges covenants restrictions and stipulations of whatsoever nature affecting the Demised Premises including all such rights and matters contained or referred in
the Headlease TO HOLD the Demised Premises unto the Tenant for the Term YIELDING AND PAYING unto the
Landlord during the Term: 

        2.2  From the rent commencement date the Tenant shall pay to the Landlord the annual rent of FIVE HUNDRED AND FIFTY SEVEN
THOUSAND TWO HUNDRED AND NINETY THREE POUNDS EIGHTY NINE PENCE (£557,293.89) subject to review as provided under the Headlease [or any interim rent payable under the Landlord
and Tenant Act 1954] on the days and in the manner set out in the Headlease and shall not exercise or seek to exercise any right or claim to withhold rent, or any right or claim to legal
or equitable set off. 

        2.3  The Tenant shall pay VAT on the rent paid under the terms of this Underlease; 

        2.4  By way of additional rents the Tenant agrees with the Landlord to pay: 

        2.4.1  The Insurance Rent, the Service Charge Estimate, the Service Charge Balance, any VAT payable on those
sums and interest in accordance with clause 10.7 of the Headlease in four equal instalments in advance on the quarter days as specified in the Headlease and upon written demand by the Landlord and any
other such rent that may fall due under the terms of the Headlease upon written notice being received. 

        3    THE TENANT'S COVENANTS    The Tenant covenants with the Landlord to observe and perform the requirements of this
clause 3. 

        3.1    Rents    To pay the Reserved Rents and the rent as reviewed in accordance with the Head Lease at the times and
in the manner aforesaid without any deduction (except for any tax required by statute or otherwise required by law to be deducted) and not to exercise or seek to exercise any right or claim to
withhold payment or any right or claim to legal or equitable set-off and if the Landlord so requires to pay the Reserved Rents by banker's standing order. 

        3.2    Observation and performance of the covenants and conditions contained in the Headlease    The Tenant shall
observe and perform the covenants and conditions on the part of the tenant contained in the Headlease so far as they relate to the Premises except in so far as the Landlord expressly covenants in this
Underlease to observe and perform them and shall indemnify the Landlord from and against any actions, proceedings, claims, damages, costs, expenses or losses arising from any breach, non-observance or
non-performance of those covenants and conditions. 

        3.3    Repair and decoration    The Tenant shall observe and perform the covenants and conditions as to repair and
decoration on the part of the tenant contained in the Headlease so far as they relate to the Premises and shall indemnify the Landlord from and against all losses and any actions, proceedings, claims,
damages, costs, expenses or losses arising from any breach, non-observance or non-performance of those covenants and conditions both during and at the end of the Term. 

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        3.4    Access    The Tenant shall permit the Landlord and all persons authorised by it, including agents, professional
advisers, contractors, workmen and others, to enter the Premises on reasonable prior notice at reasonable times during normal working hours except in emergency for any reasonable purpose that is in
the opinion of the Landlord necessary to enable it to comply with the covenants and the conditions on its part contained in the Headlease. 

        3.5    Costs of applications, notices and recovery of arrears    The Tenant shall pay to the Landlord all reasonable
costs, fees, charges, disbursements and expenses including without prejudice to the generality of the above those payable to counsel, solicitors, surveyors and bailiffs properly and necessarily
incurred by the Landlord in relation to or incidental to 

        3.5.1  every application made by the Tenant for a consent or licence required by the provisions of this Lease,
whether it is granted, refused or offered subject to any qualification or condition or the application is withdrawn; 

        3.5.2  the contemplation, preparation and service of a notice under the Law of Property Act 1925
section 146 or the contemplation or taking of proceedings under section 146 or 147 of that Act, even if forfeiture is avoided otherwise than by relief granted by the court; 

        3.5.3  the recovery or attempted recovery of arrears of rent or other sums due under this Underlease; 

        3.5.4  any steps taken in contemplation of or in connection with the preparation and service of a schedule of
dilapidations during or after the end of the Term; 

        4    FORFEITURE    

        4.1  If any of the events set out in clause 19.2 of the Headlease occurs, the Landlord may forfeit this Underlease and
re-enter the Premises. The term will then end, but without prejudice to any claim which the Landlord may have against the Tenant or a Guarantor for any failure to comply with the terms of this Lease. 

        4.2  Events giving rise to the Landlord's right of re-entry 

        4.2.1  the rent or any other sum payable under the lease has not been paid 15 working days after it became due,
whether (but in the case of rent only) formally demanded or not. 

        4.2.2  the Tenant or any Guarantor has failed to comply with the terms of this Lease within 7 working days of
notification of breach. 

        4.2.3  The Tenant or any Guarantor, if an individual (or if more than one individual then any one of them): 

        4.2.3.1  is the subject of a bankruptcy petition; 

        4.2.3.2  is the subject of an application for an interim order under Part VIII of the Insolvency Act
1986; or 

        4.2.3.3  enters into any composition moratorium or other arrangement with its creditors, whether or not in
connection with any proceedings under the Insolvency Act 1986; or 

        4.2.4  in relation to a Tenant or any Guarantor which is a body corporate (or if more than one body corporate
then any one of them): 

        4.2.4.1  a proposal for a voluntary arrangement is made under Part I of the Insolvency Act 1986 or the
directors of the Tenant or Guarantor resolve to make such a proposal; 

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        4.2.4.2  a petition for an administration order is presented under Part II or the Insolvency Act 1986
[or the directors of the Tenant or Guarantor resolve to present such a petition]; 

        4.2.4.3  a receiver (including a receiver under Section 101 of the Law of Property Act 1925) or manager
or administrative receiver of its property (or part of it) is appointed; 

        4.2.4.4  a resolution for its voluntary winding up is passed under Part IV of the Insolvency Act 1986 or
as meeting of its creditors is called for the purpose of considering that it be wound up voluntarily (in either case, other than a voluntary winding up whilst solvent for the purposes of and followed
by a solvent reconstruction or amalgamation); 

        4.2.4.5  a petition for its winding up is presented to the court under Part IV or by virtue of
Part V of the Insolvency Act 1986 or a resolution is passed that it be wound up by the court; or 

        4.2.4.6  an application is made under section 425 of the Companies Act 1985. 

        4.2.5  The Tenant or any Guarantor which is a body corporate (of if more than one body corporate then any of
them): 

        4.2.5.1  enters into any arrangement, moratorium or composition (other than any referred to above) with its
creditors; or 

        4.2.5.2  is dissolved, or is removed from the Register of Companies, or ceases to exist (whether or not capable
of reinstatement or reconstitution) save as a result of a company reorganisation. 

        5    ALIENATION    The Tenant shall not deal with or dispose of its interest in this Underlease, or part with
possession of the whole or any part of that interest or permit any person to occupy the Premises except by way of an assignment or charge of the whole of its interest in the Premises or of an
underletting of the whole of it's interest or a permitted part under the terms of the Head Lease which may only be made with the Superior Landlord and Landlord's consent, such consent not to be
unreasonably withheld or delayed. 

        5.1  The Landlord and the Tenant agree that for the purposes of Section 19(1.A) of the Landlord and Tenant Act 1927 the
Superior Landlord and Landlord may refuse consent to an assignment in any of the following circumstances: 

        5.1.1  that the rent that has become due from the Tenant under this Lease remains unpaid; 

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        5.1.2  if the Superior Landlord and Landlord have reasonably determined that the Assignee is not of sufficient
financial standing to pay the rent and to comply with the tenant's obligations in this Lease (except where reasonably acceptable security for such payments and such obligations is provided); 

        5.1.3  if, where the obligations of the Tenant have been guaranteed by a member of the same group as the Tenant,
the Assignee is another member of that group. 

        5.2  The Landlord and the Tenant agree that, for the purposes of Section 19(1A) of the Landlord and Tenant Act 1927,
the Superior Landlord and Landlord may give consent to an assignment subject to all or any of the following conditions: 

        5.2.1  that the Tenant enters into an authorised guarantee agreement no later than the date of the Assignment,
which agreement is to be by deed, is to provide for a guarantee of all the obligations of the Assignee under this Lease from the date of the Assignment with the Assignee is released by virtue of the
Landlord and Tenant (Covenants) Act 1995, and which provides for all the matters permitted by Section 16(5) of that Act and which is otherwise in accordance with Section 16 of that Act
and in a form reasonably required by the Superior Landlord and the Landlord. 

        5.2.2  that, where reasonably required by the Superior Landlord and the Landlord, the Assignee shall either
procure a guarantor or guarantors, acceptable to the Superior Landlord (acting reasonably) and the Landlord, to enter into a full guarantee and indemnity of the Assignee's obligations under this
Lease, such guarantee and indemnity to be by deed and to be in the form of clause 23 (Guarantee and Indemnity) of the Headlease with such additions and amendments as are necessary to reflect
that the guarantee and indemnity is being entered into by separate instrument and after the date of this deed or as are reasonably required by the Superior Landlord and the Landlord or shall provide a
rent deposit on such terms and in such amount as the Landlord and the Superior Landlord shall reasonably require; 

        5.2.3  that, if at any time before the completion of the Assignment the circumstances set out in
clause 15.2.4 of the Headlease, the Superior Landlord and Landlord may revoke consent to the Assignment by written notice to the Tenant; 

        5.2.4  that the Assignment is completed within such time as may reasonably be specified by the Superior Landlord
and the Landlord; 

        5.2.5  that the proposed assignee to any Underlease enters into a covenant with the Superior Landlord to comply
with the terms of the Lease on the part of the Tenant, other than as to the payment of any rent or other sums reserved as rent by this Lease, and to comply with the obligations of the Tenant in the
Head Lease and the Underlease, from the date the Assignment of the Underlease is completed throughout the term of the Underlease and (if applicable) any continuation of the tenancy created by the
Underlease or until the assignee of the Underlease is released by virtue of the Landlord and Tenants (Covenants) Act 1995, if sooner; 

        5.3  The Landlord and the Tenant agree that, where any provision of clause 15.2.4 of the Headlease is framed by
reference to any matter failing to be determined by the Landlord, the Tenant may at any time after the Landlord has determined the matter, refer the determination to a Surveyor for review: 

        5.3.1  the Surveyor will act as an expert and determine the matter as at the date of the Landlord's
determination; 

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        5.3.2  the Landlord and the Tenant shall as soon as practicable jointly instruct the Surveyor to make the
determination within a reasonable time, and to make a direction as to the payment of the Surveyor's costs (including the costs of appointment); 

        5.3.3  the Surveyor shall be instructed to give the Landlord and the Tenant reasonable opportunity (but not more
than 10 working days) to make written representations and counter-representations as to any matter referred for review, but will not be fettered by any such representations or counter-representations
made; 

        5.3.4  any representation or counter representation supplied to the Surveyor shall be copied to the other party
at the same time; 

        5.3.5  the decision of the Surveyor will be final and binding; 

        5.3.6  the costs of the Surveyor (including the costs of appointment) shall be paid by the Landlord and the
Tenant in such proportions as the Surveyor directs; 

        5.3.7  if the Tenant has not paid any costs required to be paid under this clause within 10 working days of
having been required to pay them, the Landlord may pay such costs which will be deemed due as additional rent and recoverable as rent in arrears); and 

        5.3.8  the Landlord will not be liable to the Tenant for any failure of the Surveyor to determine the matter in
accordance with this clause. 

        5.4  The foregoing shall not limit the right of the Superior Landlord and the Landlord to refuse consent to an assignment on
any other reasonable ground. 

        6    RENT REVIEW    

        6.1  The first review date will be 25 March 2005 and every fifth anniversary of that date and any other date when the
rent may be reviewed under the terms of the Headlease (notwithstanding that the review of the rent will be subject to the provisions of clause 9 of the Headlease); 

        6.2  The Landlord and the Tenant agree that where the review of the rent in the Underlease is referred to a third party for
determination, the Tenant will be allowed to make representations and counter-representations to that third party on behalf of the Landlord as to the reviewed rent to be payable under the Underlease. 

        6.3  The Landlord and the Tenant will ensure that any decision as to whether that third party is to act as arbitrator or
expert is made with the Superior Landlord's consent; 

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        6.4  The Landlord will give the Superior Landlord reasonable opportunity to supply evidence in respect of any submission under
clause 6.2 hereof by giving reasonable notice to him of any dispute in respect of the rent review or the reviewed rent and will at all times report any findings, decisions, adjudications or
agreements following from the rent review to the Superior Landlord. 

        6.5  The Landlord shall conduct the rent review procedure to be conducted for the review of the rent under the Superior Lease
and the Landlord shall keep the Tenant fully informed of the negotiations taking place and/or such determination of the rent under review whether by arbitration or otherwise as may occur. 

        6.6  Whilst the Landlord shall have the conduct of the negotiations for the review of rent the Landlord shall take account of
reasonable and relevant representations of the Tenant in its negotiations with the Superior Landlord in the agreement or determination of the rent to be paid under the Superior Lease. 

        6.7  The Landlord shall further give written notice to the Tenant of its intention to agree with the Superior Landlord the
rent under review ("the New Rent") and give to the Tenant an opportunity to dispute the New Rent but if no response shall be received from the Tenant within 21 days of such notice then the Landlord is
authorised (on behalf of the Tenant) to agree the Rent Review with the Superior Landlord but if the Tenant disputes (on reasonable and relevant grounds) such New Rent then the Landlord shall continue
to make representations to the Superior Landlord until the New Rent shall be agreed but if no agreement can be reached then the same shall be determined by a third party in accordance with the
provisions of the Head Lease. 

        6.8  When the New Rent has been agreed or a rent has been determined under the provisions of the Head Lease then such rent
shall be the rent payable on the relevant rent review date under this Underlease. 

        6.9  The Landlord shall notify the Tenant immediately of the agreement or the determination of the rent to be reviewed whether
by arbitration or by an expert and thereafter the Landlord shall prepare a memorandum of the rent to be paid by the Tenant hereunder in duplicate which each party shall then sign and exchange and each
party shall be responsible for its own costs and expenses incurred in connection with the preparation and execution of such memorandum. 

        7    THE HEADLEASE    

        7.1    Covenant to pay the Headlease rents    The Landlord shall pay the rent, the Insurance rent, the Service Charge
estimate, the Service Charge Balance, any VAT thereon and all other monies due and payable by the Landlord (as Tenant) under the Headlease, and must perform, so far as the Tenant is not liable for
such performance under the terms of this Underlease, the covenants and conditions on the part of the tenant contained in the Headlease, indemnifying the Tenant and keeping him indemnified against all
actions, claims, proceedings, costs, expenses and demands in any way relating to the Headlease. 

        8    THE LANDLORD'S COVENANTS    

        8.1    Quiet Enjoyment    That as long as the Tenant pays the reserved rents and complies with the terms of this
Underlease and the convenants and obligations of the Headlease the Tenant may enjoy the Demised Premises peaceably during the term without any interruption (save as authorised by this Underlease) by
the Landlord or any person lawfully claiming under or in trust for the Landlord; 

        8.2    Enforcement of Headlease covenants    On the request and at the expense of the Tenant, the Landlord must take
all reasonable steps to enforce the covenants of the part of the Superior Landlord contained in the Headlease. 

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        8.3    Consents under the Headlease to be obtained    The Landlord must take all reasonable steps at the Tenant's
expense to obtain the consent of the Superior Landlord whenever the Tenant makes application for any consent required under this Sublease where the consent of both the Landlord and the Superior
Landlord is needed by virtue of this Underlease and the Headlease. 

        9    DETERMINATION OF UNDERLEASE    

        9.1    Tenants Option to Determine    

        9.1.1  The Tenant may determine this Underlease on the seventh anniversary of the date of commencement of the
Term provided that written notice is served on the Landlord or their Solicitors and such notice is given not less than nine months prior to the date for determination and further provided that the
Tenant has paid the rent reserved and payable hereunder and on the expiry of such
notice the Term is to cease and determine immediately but without prejudice to any rights or remedies of either party in respect of any breaches of covenant and other obligations that may have
occurred. 

        9.1.2  Where the Tenant gives notice to determine the Lease under clause 9.1.1 hereof the Tenant shall on
the expiry of such notice pay to the Landlord a sum equivalent to four months rent then currently reserved and payable under this Underlease. 

        10    SIGNS    The Tenant shall be permitted to display a signs in the same position as and as a replacement for the
Landlord's signs at the Demised Premises. 

        11    CERTIFICATE    

        11.1 It is hereby certified that there is no agreement for lease to which this Underlease takes effect. 

        12    CONTRACTS (RIGHTS OF THIRD PARTIES) ACT 1999    Unless expressly stated to the contrary nothing in this Lease
will create any rights in favour of any person pursuant to the Contracts (Rights of Third Parties) Act 1999. 

        13    NEW LEASE    This Underlease is a new lease for the purposes of the Landlord and Tenant (Covenants) Act 1995.

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        IN WITNESS of which this deed has been duly executed and is delivered on the date written at the beginning of this deed. 

EXECUTED
AS A DEED by

ONYX SOFTWARE (UK) LIMITED

acting by a Director and

the Secretary/two Directors 

	Director	 	/s/
	 	 
	

Director/Secretary	
 	

/s/
	
 	

 

SIGNED
AS A DEED by the duly authorised signatory of

LAWSON SOFTWARE INC

as a Deed in the presence of: 

	Director	 	/s/  BOB BARBIERI      
 CFO	 	 
	

Director/Secretary	
 	

 	
 	

 

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Exhibit 10.26UNIVERSAL DOMAINS INCORPORATED

EXHIBIT 4.1

 

 

 

 

 

 

 

UNIVERSAL DOMAINS INCORPORATED

2002 SUPPLEMENTARY STOCK OPTION PLAN

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

STOCK OPTION PLAN 

	
Article

	
I. Purposes of the Plan

	
II. Number of Shares Subject to the Plan

	
III. Effective Date and Term of the Plan

	
IV. Administration

	
V. Eligibility

	
VI. Limitation on Exercise of Incentive Options

	
VII. Options: Price and Payment

	
VIII. Use of Proceeds

	
IX. Term of Options and Limitations on the Right of Exercise

	
X. Exercise of Options

	
XI. Nontransferability of Options and Stock Appreciation Rights

	
XII. Termination of Directors, Employees and Independent Contractors

	
XIII. Adjustment of Shares; Effect of Certain Transactions

	
XIV. Right to Terminate Employees and Independent Contractors

	
XV. Purchase for Investment

	
XVI. Issuance of Certificates; Legends; Payment of Expenses

	
XVII. Withholding Taxes

	
XVIII. Listing of Shares and Related Matters

	
XIX. Amendment of the Plan

	
XX. Termination or Suspension of the Plan

	
XXI. Governing Law

	
XXII. Partial Invalidity

 

 

UNIVERSAL DOMAINS INCORPORATED

2002 SUPPLEMENTARY STOCK OPTION PLAN

I.PURPOSES OF THE PLAN

1.01Universal Domains Incorporated, a Canadian Federal corporation ("Company"), desires to provide to certain of its directors, employees and independent contractors, and the directors, employees and independent contractors of any subsidiary corporation or parent corporation of the Company who are responsible for the continued growth of the Company, an opportunity to acquire a proprietary interest in the Company, and, therefore, to create in such directors, employees and independent contractors an increased interest in, and a greater concern for, the welfare of the Company. 

The Company, by this Universal Domains Incorporated 2002 Supplementary Stock Option Plan (the "Plan"), desires to retain the services of persons now serving in certain capacities and to secure the services of persons capable of serving in similar capacities. 

1.02The stock options offered pursuant to the Plan ("Options") are a matter of separate inducement and are not in lieu of any salary or other compensation for the services of any director, employee or independent contractor. 

1.03The Options are intended to be either incentive stock options ("Incentive Options") within the meaning of Section 422A of the Internal Revenue Code of 1986, as amended ("Code"), or options that do not satisfy the requirements for Incentive Options ("Non-Qualified Options"), but the Company makes no assurance, warranty or guarantee as to the qualification of any Option as an Incentive Option. 

II.NUMBER OF SHARES SUBJECT TO THE PLAN

2.01The total number of shares of common stock of the Company which may be purchased pursuant to the exercise of Options shall not exceed, in the aggregate, nine million eight hundred and thirty eight thousand eight hundred and thirty five (9,838,835) shares of the authorized common stock of the Company ("Shares"); provided, however, in no event and at no time shall the number of shares of common stock of the Company issuable upon exercise of all issued and outstanding Options pursuant to the Plan or any similar plan adopted by the Board of Directors of the Company ("Board of Directors"), exceed a number of shares which is equal to twenty percent (20%) of the then outstanding shares of common stock of the Company. For purposes of calculating that twenty percent (20%), convertible preferred shares or convertible senior common shares of the Company will be counted on an "as if converted" basis. 

2.02Shares of common stock which may be acquired pursuant to the Plan may be either authorized but unissued shares, shares of issued stock held in the Company's treasury, or both, at the discretion of the Company. If and to the extent that Options expire or terminate without having been exercised, new Options may be granted with respect to Shares subject to such expired or terminated Options; provided, however, that the grant and the terms of such new Options shall, in all respects, comply with the provisions of the Plan.

III.EFFECTIVE DATE AND TERM OF THE PLAN

3.01The Plan shall become effective on the date ("Effective Date") on which the Plan is adopted by the Board of Directors; provided, however, that if the Plan is not approved by a vote of the shareholders of the Company within twelve (12) months after the Effective Date, the Plan and any Options granted shall terminate. 

3.02The Company may, from time to time during the period beginning on the Effective Date and ending on December 31, 2007 ("Termination Date"), grant Options to persons eligible to participate in the Plan, pursuant to the terms of the Plan. Options granted prior to the Termination Date may extend beyond that date, in accordance with the terms of the agreements granting such options. 

3.03As used in the Plan, the terms "subsidiary corporation" and "parent corporation" shall have the meanings ascribed to such terms, respectively, in Sections 425(f) and 425(e) of the Code. 

3.04A director, employee or independent contractor to whom Options are granted may be referred to herein as a "Participant." 

IV.ADMINISTRATION

4.01The Board of Directors shall designate an Option Committee ("Committee") which shall consist of no fewer than two (2) and no more than three (3), each of whom shall be a "disinterested person" within the meaning of Rule 16b-3 (or any successor rule or regulation) promulgated pursuant to the Securities Exchange Act of 1934, as amended ("Exchange Act"), to administer the Plan. A majority of the members of the Committee shall constitute a quorum, and the act of a majority of the members of the Committee shall be the act of the Committee. Any member of the Committee may be removed at any time either with or without cause by resolution adopted by the Board of Directors, and any vacancy on the Committee may at any time be filled by resolution adopted by the Board of Directors.

4.02Any or all powers and functions of the Committee may, at any time and from time to time, be exercised by the Board of Directors; provided, however, that, with respect to the participation in the Plan by members of the Board of Directors, such powers and functions of the Committee may be exercised by the Board of Directors only if, at the time of such exercise, a majority of the members of the Board of Directors, as the case may be, and a majority of the members of the Board of Directors acting in the particular matter, are "disinterested persons" within the meaning of Rule 16b-3 (or any successor rule or regulation) promulgated pursuant to the Exchange Act. Any reference in the Plan to the Committee shall be deemed also to refer to the Board of Directors, to the extent that the Board of Directors is exercising any of the powers and functions of the Committee. 

4.03Subject to the express provisions of the Plan, the Committee shall have the authority, in its discretion, 
(i)to determine the directors, employees and independent contractors to whom Options shall be granted, the time when such Options shall be granted, the number of Shares which shall be subject to each Option; the purchase price or exercise price of each Share which shall be subject to each Option, the period(s) during which such Options shall be exercisable (whether in whole or in part), and the other terms and provisions of the respective Options (which are not required to be identical); 

(ii)to construe and interpret the provisions of the Plan and the Options; 
(iii)to prescribe, amend and rescind rules and regulations relating to the Plan; and

(iv)to make all other determinations appropriate, necessary or advisable for administering the Plan. 

4.04Without limiting the generality of the foregoing, the Committee also shall have the authority to require, in its discretion, as a condition of the granting of any Option, that any Participant agree (i) not to sell or otherwise dispose of Shares for a period of twelve (12) months following the date of acquisition of such Shares and (ii) that in the event of termination of directorship, employment, term of any independent contractor relationship or agreement, or term of any consulting relationship or agreement of such Participant, other than as a result of dismissal without cause, such Participant will not, for a period to be determined at the time of the grant of the Option, enter into any employment or participate, directly or indirectly, in any business or enterprise which is competitive with the business of the Company or any subsidiary corporation or parent corporation of the Company, or enter into any employment or participate, directly or indirectly, in any business or enterprise in which such person will be requested to utilize special knowledge obtained by directorship, employment, or during the term of any independent contractor relationship or agreement, or during the term of any consulting relationship or agreement with the Company or any subsidiary corporation or parent corporation of the Company. 

The determination of the Committee on matters referred to in this Article IV shall be conclusive and obligate all Participants and their permitted successors. 

4.05The Committee may employ such legal counsel, consultants and agents as the Committee may deem desirable for the administration of the Plan and may rely upon any opinion received from any such counsel or consultant and any computation received from any such consultant or agent. Expenses incurred by the Committee in the engagement of such counsel, consultant or agent shall be paid by the Company. No member or former member of the Committee or of the Board of Directors shall be liable for any action or determination made in good faith with respect to the Plan or any Option. 

V.ELIGIBILITY

5.01Options may be granted only to directors, employees and independent contractors of the Company, or of any subsidiary corporation or parent corporation of the Company now existing or hereafter formed or acquired, except as hereinafter provided. Any person who shall have retired from active employment by the Company, including any such person who may have entered into an independent contractor agreement with the Company, shall also be eligible to have Options granted to such person. 

VI.LIMITATION ON EXERCISE OF INCENTIVE OPTIONS

6.01Except as otherwise provided pursuant to the Code, to the extent that the aggregate fair market value of Shares with respect to which Incentive Options are exercisable for the first time by a director, employee or independent contractor during any calendar year (pursuant to all stock options plans of the Company and any parent corporation or subsidiary corporation of the Company) exceeds One Hundred Thousand Dollars ($100,000.00), such Options shall be treated as Non-Qualified Options. For purposes of this limitation, (i) the fair market value of Shares shall be determined as of the date that the underlying Option is granted, and (ii) this limitation will be applied by considering Options in the order in which those Options were granted.

VII.OPTIONS: PRICE AND PAYMENT

7.01The purchase price for each Share purchasable pursuant to any Non-Qualified Option shall be such amount as the Committee shall determine to be appropriate.

7.02The purchase price for each Share purchasable pursuant to any Incentive Option shall be such amount as the Committee shall, in its best judgment, determine to be not less than one hundred percent (100%) of the fair market value of that Share on the date such Incentive Option is granted; provided, however, that in the event of an Incentive Option granted to a Participant who, at the time such Incentive Option is granted, owns capital stock of the Company or any subsidiary corporation or parent corporation of the Company possessing more than ten percent (10%) of the total combined voting power of all classes of capital stock of the Company or of any subsidiary corporation or parent corporation, the purchase price for each Share shall be such amount as the Committee shall, in its best judgment, determine to be not less than one hundred ten percent (110%) of the fair market value per Share at the date such Option is granted.

7.03If the Shares are listed on a national securities exchange in the United States on any date on which the fair market value per Share is to be determined, the fair market value per Share shall be deemed to be the average of the high and low quotations at which such Shares are sold on such national securities exchange on such date. If the Shares are listed on a national securities exchange in the United States of America on such date, but the Shares are not traded on such date, or such national securities exchange is not open for business on such date, the fair market value per Share shall be determined as of the closest preceding date on which such exchange shall have been open for business and the Shares were traded. If the Shares are listed on more than one national securities exchange in the United States of America on the date any such Option is granted, the Committee shall determine which national securities exchange shall be used for the purpose of determining the fair market value per Share. 

7.04If a public market exists for the Shares on any date on which the fair market value per Share is to be determined, but the Shares are not listed on a national securities exchange in the United States of America, the fair market value per Share shall be deemed to be the closing bid quotation in the over-the-counter market for the Shares on such date. If there are no bid quotations for the Shares on such date, the fair market value per Share shall be deemed to be the closing bid quotation in the over-the-counter market for the Shares on the closest date preceding such date for which such quotation is available. 

7.05If no public market exists for the Shares on any date on which the fair market value per Share is to be determined, the Committee shall, in its sole discretion and best judgment, determine the fair market value of a Share. For purposes of the Plan, the determination by the Committee of the fair market value of a Share shall be conclusive and obligate all Participants and their permitted successors. 

7.06Upon the exercise of an Option, the Company shall cause the purchased Shares to be issued only when the Company shall have received the full and complete purchase price for the Shares in cash or by certified check; provided, however, that in lieu of cash or certified check, the Participant may (if and to the extent the terms of the Option, as specified by the Committee, in its sole discretion, so provide, and to the extent permitted by applicable law), exercise an Option in whole or in part, by delivering to the Company a promissory note, in form acceptable to the Committee, or otherwise pay the exercise price for such Shares, in whole or in part, by compensation for services rendered (the fair value of such services having been determined by the Board of Directors or the Committee).

VIII.USE OF PROCEEDS

8.01The cash proceeds of the sale of Shares are to be added to the general funds of the Company and used for the Company's general corporate purposes as the Board of Directors shall determine. 

IX.TERM OF OPTIONS AND LIMITATIONS ON THE RIGHT OF EXERCISE

9.01Any Option shall be exercisable at such times, in such amounts and during such period or periods as the Committee shall determine at the date of the grant of such Option; provided, however, that an Incentive Option shall not be exercisable after the expiration of five (5) years from the date such Incentive Option is granted; and provided, further, however, that, in the event that an Incentive Option granted to a Participant who, at the time such Option is granted, owns stock of the Company possessing more than ten percent (10%) of the total combined voting power of all classes of stock of the Company or of any subsidiary corporation or parent corporation of the Company, such Incentive Option shall not be exercisable after the expiration of three (3) years from the date such Incentive Option is granted. 

9.02Subject to the provisions of Article XX of the Plan, the Committee shall have the right to accelerate, in whole or in part, from time to time, conditionally or unconditionally, rights to exercise any Option. 

9.03To the extent that an Option is not exercised within the period of exerciseability specified herein, such Option shall expire as to the then unexercised part. In no event shall an Option be exercisable for a fraction of a Share. 

X.EXERCISE OF OPTIONS

10.01Any Option shall be exercised by a Participant holding such Option as to all or part of the Shares contemplated by such Option by giving written notice of such exercise to the Secretary of the Company at the principal business office of the Company, specifying the number of Shares to be purchased and specifying a business day not more than fifteen (15) days from the date such notice is given, for the payment of the purchase price and for delivery of the Shares being purchased. Subject to the terms of Articles XV, XVII and XVIII of the Plan, the Company shall cause certificates for the Shares so purchased to be delivered to such Participant at the principal business office of the Company, in exchange for payment of the full and complete purchase price, as specified in Section 7.06 of the Plan, on the date specified in the notice of exercise. 

XI.NONTRANSFERABILITY OF OPTIONS AND STOCK APPRECIATIONRIGHTS

11.01No Option shall be transferable, whether by operation of law or otherwise, other than by Will or the laws of descent and distribution. Each Option shall be exercisable, during the lifetime of a Participant, only by such Participant. 
XII.TERMINATION OF DIRECTORS, EMPLOYEES AND INDEPENDENT CONTRACTORS

12.01Upon termination of the directorship, employment, term of any independent contractor relationship or agreement, or term of any consulting relationship or agreement of any Participant with the Company or any subsidiary corporation or parent corporation of the Company now existing or hereafter formed or acquired, and unless specified to the contrary in the respective Stock Option Agreement to which the Company and such Participant are parties and which relates to such Option, any Option previously granted to such Participant, shall, to the extent not theretofore exercised, terminate and become null and void, provided that: 
(a)if such Participant shall die while serving as a director, while in the employ of the Company or such subsidiary corporation or patent corporation, during the term of any independent contractor relationship or agreement, or during the term of any consulting relationship or agreement or during either the three (3) month or one (1) year period, whichever is applicable, specified in clause (b) below and at a time when such Participant was entitled to exercise an Option as specified in the Plan, the legal representative of such Participant, or such person who acquired such Option by bequest or inheritance or by reason of the death of such Participant, may, not later than one (1) year from the date of death of such Participant, exercise such Option, to the extent not theretofore exercised, with respect of any or all of such number of Shares as specified by the Committee in such Option; and

(b)if the directorship, employment, term of any independent contractor relationship or agreement, or term of any consulting relationship or agreement with any Participant to whom such Option shall have been granted shall terminate by reason of the Participant's retirement (at such age or upon such conditions as shall be specified by the Committee), disability (as described in Section 22(e)(3) of the Code) or dismissal by the Company or any subsidiary corporation or parent corporation of the Company now existing or hereafter formed or acquired other than for cause (as defined below), and while such Participant is entitled to exercise such Option, as herein provided, such Participant shall have the right to exercise such Option, to the extent not theretofore exercised, for any or all of such number of Shares as specified by the Committee in such Option, at any time up to and including (i) three (3) months after the date of such termination of directorship, employment, term of any independent contractor relationship or agreement, or term of any consulting relationship or agreement in the event of termination because of retirement or dismissal other than for cause and (ii) one (1) year after the date of termination of directorship, employment, term of any independent contractor relationship or agreement, or term of any consulting relationship or agreement in the event of termination because of disability. 

In no event, however, shall any person be entitled to exercise any Option after the expiration of the period of exerciseability of such Option specified in the agreement granting such Option. 

12.02If a Participant voluntarily terminates his or her directorship, employment, term of any independent contractor relationship or agreement, or term of any consulting relationship or agreement, or is discharged for cause, unless specified to the contrary in the agreement granting such option, any Option shall forthwith terminate with respect to any unexercised portion thereof. 

12.03If an Option shall be exercised by the legal representative of a deceased Participant, or by a person who acquired an Option by bequest or inheritance or because of the death of any Participant, written notice of such exercise shall be accompanied by a certified copy of letters testamentary or equivalent evidence of the right of such legal representative or other person to exercise such Option. 

12.04For the purposes of the Plan, the term "for cause" shall mean and be defined as (i) with respect to an employee who is a party to a written agreement with, or, alternatively, participates in a compensation or benefit plan of the Company or a subsidiary corporation or parent corporation of the Company now existing or hereafter formed or acquired, which agreement or plan specifies a definition of "for cause" or "cause" (or words of similar meaning) for purposes of termination of employment pursuant thereto by the Company or such subsidiary corporation or parent corporation of the Company, "for cause" or "cause" as defined in the most recent of such agreements or plans; or (ii) a party to any independent contractor relationship or agreement or any consulting relationship or agreement, whether oral or written; or (iii) in all other situations, as determined by the Board of Directors, in its sole discretion, (a) the willful commission by an employee or independent contractor of a criminal or other act that causes or probably will cause substantial economic damage to the Company or any such subsidiary corporation or parent corporation of the Company or substantial injury or damage to the business or reputation of the Company or any such subsidiary corporation or parent corporation of the Company; (b) the commission by an employee or independent contractor of an act of fraud in the performance of such employee's duties on behalf of the Company or any such subsidiary corporation or parent corporation of the Company; (c) the continuing willful failure of an employee or independent contractor to perform the duties of such employee or independent contractor to the Company or any such subsidiary corporation or parent corporation of the Company (other than such failure resulting from such employee's or independent contractor's incapacity because of physical or mental illness) after written notice thereof (specifying the particulars thereof in reasonable detail) and a reasonable opportunity to be heard and cure such failure are given to such employee or independent contractor by the Board of Directors; or (d) the order of a court of competent jurisdiction requiring the termination of such employee's employment, or term of any independent contractor relationship or agreement, or term of any consulting relationship or agreement. For purposes of the Plan, no act, or failure to act, on such employee's or independent contractor's part shall be considered "willful" unless done or not done by such employee or independent contractor not in good faith and without reasonable belief that such employee's or independent contractor's action or omission was in the best interests of the Company or a subsidiary corporation or parent corporation of the Company now existing or hereafter formed or acquired.

12.05For the purposes of the Plan, an employment relationship shall be deemed to exist between a person and the Company if, at the time of the determination, such person was an "employee" of the Company for purposes of Section 422A(a) of the Code. If a person is on maternity, military, or sick leave or other bona fide leave of absence, such person shall be considered an "employee" for purposes of the exercise of an Option and shall be entitled to exercise such Option during such leave of absence, if the period of such leave of absence does not exceed ninety (90) days, or, if longer, if such person's right to reemployment with the Company is guaranteed either by statute or by contract. If the period of leave exceeds ninety (90) days, the employment relationship shall be deemed to have terminated on the ninety-first (91st) day of such leave of absence, unless such person's right to reemployment is guaranteed by statute or contract. 

12.06An employee or independent contractor shall not be deemed terminated by reason of (i) the transfer of a Participant from the Company to a subsidiary corporation or a parent corporation of the Company now existing or hereafter formed or acquired or (ii) the transfer of a Participant from a subsidiary corporation or a parent corporation of the Company now existing or hereafter formed or acquired by the Company or by another subsidiary corporation or parent corporation of the Company. 

XIII.ADJUSTMENT OF SHARES; EFFECT OF CERTAIN TRANSACTIONS

13.01In the event of any change in the issued and outstanding shares of the Company's common stock as a result of merger, consolidation, reorganization, recapitalization, stock dividend, stock split, split-up, split-off, spin-off, combination or exchange of shares, or other similar change in capital structure of the Company, an adjustment shall be made to each issued and outstanding Option such that such Option shall thereafter be exercisable for such securities, cash or other property as would have been received in respect of the Shares subject to such Option had such Option been exercised in full immediately prior to such change, and such an adjustment shall be made successively each time any such change shall occur. The term "Shares" after any such change shall refer to the securities, cash or property then receivable upon exercise of an Option. In addition, in the event of any such change, the Committee shall make any additional adjustment as may be appropriate to accommodate the (i) maximum number of Shares subject to the Plan; (ii) maximum number of Shares, if any, for which Options may be granted to any one employee or independent contractor; and (iii) number of Shares and price per Share subject to issued and outstanding Options as shall be appropriate to prevent any reduction or increase of rights pursuant to such Options, and the determination of the Committee as to these matters shall be conclusive and obligate all Participants. Notwithstanding the foregoing, (i) each such adjustment with respect to an Incentive Option shall comply with the rules of Section 425(a) of the Code, and (ii) each such adjustment shall comply with the rules of Section 422A of the Code. 

13.02For purposes of the Plan, a "change in control" of the Company occurs if (a) any "person" (defined as such term is used in Sections 13(d) and 14(d)(2) of the Exchange Act, as amended); other than a current shareholder, is or becomes the beneficial owner, directly or indirectly, of securities of the Company representing ten percent (10%) or more of the combined voting power of the Company's issued and outstanding securities then entitled to vote for the election of directors; or (b) during any period of two (2) consecutive years, persons who at the beginning of such period are members of the Board of Directors cease, for any reason, to be, at least, a majority of the Board of Directors; or (c) the Board of Directors shall approve the sale of all or substantially all of the assets of the Company or any merger, consolidation, issuance of securities or purchase of assets, the result of which would be the occurrence of any event described in clause (a) or (b) of this section.

13.03In the event of a change in control of the Company (defined above), the Committee, in its discretion, may determine that all of the then issued and outstanding Options shall immediately become exercisable. 

XIV.RIGHT TO TERMINATE EMPLOYEES AND INDEPENDENT CONTRACTORS

14.01The Plan shall not impose any obligation on the Company or on any subsidiary corporation or parent corporation of the Company now existing or hereafter formed to continue the retention of any Participant; and the Plan shall not impose any obligation on any Participant to remain in the employ or other service of the Company or of any such subsidiary corporation or parent corporation. 

XV.PURCHASE FOR INVESTMENT

15.01Except as provided otherwise in the Plan, each Participant shall, upon any exercise of an Option, execute and deliver to the Company a written statement, in form satisfactory to the Company, in which such Participant represents and warrants that such Participant is purchasing or acquiring the Shares acquired pursuant thereto for such Participant's own account, for investment only and not with an intention of the resale or distribution of the Shares, and agrees that any subsequent offer for sale, sale, or distribution of any of such Shares shall be made only pursuant to either (a) a Registration Statement on an appropriate form pursuant to the Securities Act of 1933, as amended ("Securities Act"), which Registration Statement has become effective and is current with regard to the Shares being offered or sold, or (b) a specific exemption from the registration and prospectus delivery requirements of the Securities Act, but in claiming such exemption, such Participant shall, if so requested by the Company, prior to any offer for sale or sale of such Shares, obtain a prior favorable written opinion, in form and substance satisfactory to the Company and its counsel, from counsel for or approved by the Company, as to the applicability of such exemption. The foregoing restriction shall not apply to (i) issuances of Shares by the Company, if the Shares being issued are registered pursuant to the Securities Act and a prospectus in respect thereof is current and delivered or (ii) reofferings of Shares by affiliates of the Company (as defined in Rule 405 or any successor rule or regulation promulgated pursuant to the Securities Act), if the Shares being reoffered are registered pursuant to the Securities Act and a prospectus in respect thereof is current and delivered.

XVI.ISSUANCE OF CERTIFICATES; LEGENDS; PAYMENT OF EXPENSES

16.01Upon any exercise of an Option and payment of the exercise price therefor, a certificate or certificates for the Shares as to which such Option has been exercised shall be issued by the Company or the Company's transfer agent in the name of the person exercising such Option and shall be delivered to or upon the order of such person. 

16.02The Company may cause to be imprinted upon the certificates evidencing and representing Shares issued upon exercise of an Option such legend or legends and may issue such "stop transfer" instructions to the Company's transfer agent in respect of such Shares as, in the discretion of the Board of Directors, the Company determines to be necessary or appropriate to (i) prevent a violation of, or to perfect an exemption from, the registration and prospectus delivery requirements of the Securities Act, (ii) implement the provisions of the Plan and any agreement granting Options, or (iii) permit the Company to determine the occurrence of a disqualifying disposition, within the meaning of Section 421(b) of the Code, of Shares transferred upon exercise of an Incentive Option. 

16.03The Company shall pay all issue or transfer taxes with respect to the issuance or transfer of Shares and all fees and expenses incurred by the Company in connection with such issuance or transfer. All Shares issued shall be fully paid and non-assessable to the extent permitted by law.

XVII.WITHHOLDING TAXES

17.01The Company may require an employee or independent contractor exercising a Non-Qualified Option or disposing of Shares acquired pursuant to the exercise of an Incentive Option in a disqualifying disposition (within the meaning of Section 421(b) of the Code), to reimburse the Company for any taxes required by any government agency or authority to be withheld or otherwise deducted and paid by the Company regarding the issuance or disposition of such Shares. In lieu thereof, the Company shall have the right to withhold the amount of such taxes from any other amounts due or to become due from the Company to such employee or independent contractor upon such terms and conditions as the Committee shall prescribe. The Company may, in its sole discretion, hold the stock certificate to which such employee or independent contractor is entitled upon the exercise of an Option as security for the payment of such withholding tax liability, until cash sufficient to pay that liability has been accumulated. 

XVIII.LISTING OF SHARES AND RELATED MATTERS

18.01If, at any time, the Board of Directors shall determine, in its discretion, that the listing, registration or qualification of the Shares upon any national securities exchange or pursuant to any state or federal law, or the consent or approval of any governmental regulatory agency, is necessary or desirable as a condition of, or in connection with, the sale or purchase of Shares, no Shares shall be issued unless and until such listing, registration, qualification, consent or approval shall have been effected or obtained, or otherwise provided for, free of any conditions not acceptable to the Board of Directors. 

XIX.AMENDMENT OF THE PLAN

19.01The Board of Directors or the Committee may, from time to time, amend the Plan, provided that, notwithstanding anything to the contrary in the Plan, no amendment shall be made, without the approval of the shareholders of the Company, that will (i) increase the total number of shares of the Company's common stock reserved for Options (other than an increase resulting from an adjustment provided for in Article XIII), (ii) reduce the exercise price of any Incentive Option to an amount less than the price required by Article VII, (iii) modify the provisions of the Plan relating to eligibility, or (iv) materially increase the benefits accruing to Participants pursuant to the Plan. The Board of Directors or the Committee shall be authorized to amend the Plan and the Options to permit the Incentive Options to qualify as "incentive stock options" within the meaning of Section 422A of the Code. The rights and obligations pursuant to any Option granted before amendment of the Plan or any unexercised portion of such Option shall not be adversely affected by amendment of the Plan or such Option without the consent of the holder of such Option. 

XX.TERMINATION OR SUSPENSION OF THE PLAN

20.01The Board of Directors or the Committee may, at any time and for any or no reason, suspend or terminate the Plan. The Plan, unless sooner terminated pursuant to Article III of the Plan or by action of the Board of Directors, shall terminate at the close of business on the Termination Date. An Option may not be granted while the Plan is suspended or after the Plan is terminated. Options granted while the Plan is in effect shall not be altered or impaired by suspension or termination of the Plan, except upon the consent of the person to whom the Option was granted. The power of the Committee pursuant to Article IV to construe and administer any Options granted prior to the termination or suspension of the Plan shall continue after such termination or during such suspension. 

XXI.GOVERNING LAW

21.01The Plan, the Options and all related matters shall be governed by, and construed and enforced in accordance with, the laws of the Province of British Columbia, as from time to time amended.

XXII.PARTIAL INVALIDITY

22.01The invalidity or illegality of any provision of the Plan shall not be deemed to affect the validity of any other provision of the Plan.

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