Document:

Exhibit 10.7  Employment Agreement between Global Media Group Holdings, Inc. and
              James Caan

                        GLOBAL MEDIA GROUP HOLDINGS, INC.
                              EMPLOYMENT AGREEMENT
                      President, Entertainment Development

        THIS EMPLOYMENT AGREEMENT (this "Agreement") is made as of April 15,
2006, by and between James Caan ("Employee") and Global Media Group Holdings,
Inc., a Delaware corporation ("Employer" or the "Company").

        WHEREAS, Employer is an emerging, publicly-traded media and
entertainment holding company engaged in content, technology and media services;
and

        WHEREAS, Employee is a creative force, highly-accomplished actor and
entertainment industry executive and deemed to be critically valuable to
Employer; and

        WHEREAS, Employer desires to employ Employee as the senior executive
officer of the Employer, responsible for the conception, development and
production of entertainment programming as well as business, talent and investor
development activities and Employee desires to be so retained pursuant to the
terms of this Agreement:

                                    AGREEMENT
                                    ---------

        NOW, THEREFORE, in consideration of the mutual covenants set forth
below, the parties hereby agree as follows.

            Section 1. Employment.

                1.1 Term. Employer shall employ Employee, and Employee shall
serve Employer for three (3) years commencing on the date of this Agreement,
subject to the provisions set forth below. Employee shall have the right to
voluntarily terminate his employment at any time upon written notice to
Employer.

                1.2 Duties, Employee shall be responsible for (1) the concepts,
development and oversight over production of his entertainment programming ideas
and the ideas of others brought to Company by him, (2) business and talent
introductions and development to benefit the Company and (3) investor
introductions and development to benefit the Company. Notwithstanding the
foregoing, without Employee's approval, Employee shall not be required to
provide any television services in contravention of the agreement between JEC
Productions, Inc. for the services of Employee and NBC Studios, Inc. concerning
Employee's role of "Big Eddie Reline" in the television series "Las Vegas".

                (a)     Capacity.

        Employee shall serve as President, Entertainment Development. Employee
shall perform those duties generally required of persons in positions of
divisional senior executives as well as such duties, not inconsistent with this
agreement, as the Board of Directors of the Company (the "Board") may from time

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to time direct. The Employee shall report and be responsible to the Chief
Executive Officer.

                 (b) Schedule. So long as Employee is employed by Employer,
Employee shall devote such time and attention as shall be necessary to
faithfully and fully carry-out his duties described herein; provided, however,
Employee may (i) devote time to and invest in non-competing side activities,
provided that such activities do not individually or in the aggregate interfere
with his duties so as to adversely affect Employer's business and (ii) carry out
all of his own media, entertainment and talent activities which have been and
continue to be part of his professional career. Employee shall at all times
perform his duties and obligations faithfully, diligently and to the best of
Employee's ability.

                (c) Kev Man Insurance. Employer may for its benefit and at its
own expense insure Employer's life. Employee agrees to submit to such physical
examination and supply such information as may be reasonably required in
connection therewith.

                 (d) Other Insurance. Employee shall be covered under all errors
and omissions, general liability or other applicable policy of insurance that
Employer may acquire from time to time, which covers Employer's other executive
officers and/or senior management.

                (e) Use of Likeness, etc.. Except as otherwise required by law,
Employee's approval shall be required prior to Employer's use of Employee's
name, likeness or biography for promotional purposes; including but not limited
in any promotional or offering materials. In that regard, Employee shall not be
required to make any personal appearances for promotional purposes unless
approved in advance by Employee.

                1.3 Compensation. As compensation for the services to be
rendered during such period and the other obligations undertaken by Employee
hereunder, Employee shall be entitled to the following compensation:

                (a) Base Salary. Subject to adjustment as described below,
Employer shall pay to Employee a base salary at an annual rate of two hundred
and forty thousand ($240,000) starting May 15, 2006 and continuing for the
remaining term of this Agreement (the "Base Salary") or such greater amount as
may be determined upon a review of Employee's performance to be undertaken
pursuant to Company policy regarding performance reviews by senior executive
officers at least once annually. Employee's Base Salary shall be payable monthly
in accordance with Employer's standard payroll procedures for its senior
executives, with the first such monthly payment due June 15, 2006.

                (b) Signing Bonus. Employee shall be entitled to receive a
signing bonus of $70,000 payable upon the earlier of (i) the date thirty (30)
days after the closing of the sale of debt or equity securities in which the
Company raises at least $1,000,000, (ii) the date thirty (30) days after the
next registered public offering of the Company's Common Stock (a "Public
Offering'), or (iii) July 1, 2006.

                (c) Stock Option Grant. Management will recommend to the
Employer's Board of Directors (the "Board")at the first board meeting following
the execution of this Agreement that Employee be issued a non qualified stock

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option to purchase Five Hundred Thousand Shares (500,000) of Employer's Common
Stock (the "Option"). The Option will have an exercise price equal to the fair
market value of Employer's stock on the date of grant, vest in equal monthly
installments over a thirty-six (36) month period and provide for Employee to
exercise his vested Option, in whole or in part, on a "cash-less" and/or
same-day sale basis. As soon as reasonably practicable after the Public
Offering, Employer shall file a registration statement, registering the shares
of the Company's Common Stock reserved for issuance pursuant to the Company's
equity compensation programs. Such registration statement shall include the
shares reserved for issuance to the Employee upon exercise of the Option. In
addition to the foregoing, Employee will be entitled to register his shares in
any registration of the Company's Common Stock in which the other executive
officers are given the right to participate, to the same extent and in the same
proportion thereof. Employee's obligations hereunder shall be expressly
conditioned upon the grant of the above Option on the terms set forth herein.

                (d) Royalty. Notwithstanding the expiration or termination of
this Agreement for any reason, Employer shall pay Employee and his successors in
interest a royalty in perpetuity (the "Royalty") in the amount specified below;
with respect to revenues generated by Employer from properties created in
connection with the Company, programming, names and logos presented in any form,
application or medium, which meet all three of the following criteria:

                (i) The intellectual property or product is conceived by
Employee or Employee makes a material contribution to the conception thereof;
and must have been approved to be produced, developed and/or overseen by
Employer

                (ii) The intellectual property or product is licensed, sold or
otherwise exploited by entities other than Employer's own broadcast
applications; and

                (iii) Such other entities pay a fee, royalty, rental, Purchase
price or other payment to Employer in exchange for such title to such products
or intellectual property or for a license to make, use or sell such products or
intellectual property,

        If all of the foregoing criteria are met with respect to any such
intellectual property or product, Employer shall account in writing for and pay
to Employee the Royalty in an amount equal to ten percent (10%) of all amounts
described in clause (iii) immediately above, received by, on behalf of, or
credited to (to the extent any such credit is received in lieu of immediate
payment) Employer or any related or affiliated entity thereof during the
preceding calendar quarter. Employer shall pay to Employee the Royalty within
thirty (30) days following each calendar quarter notwithstanding the expiration
or termination of this Agreement. Each payment shall be accompanied by an
accounting statement setting forth the calculation of the Royalty earned.
Employer shall pay the Royalty to Employee's estate and successors in interest
following his death. Employee and his successors in interest shall have the
right to audit the books and records of Employer at Employee's expense during
reasonable business hours to determine whether the Royalty has been paid
properly in accordance with the requirements of this Agreement, notwithstanding
the expiration or termination of this Agreement. Notwithstanding the foregoing,
in the event that any such audit discloses an underpayment to Employee of five

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percent (5%) or more in the calculation of the Royalty over a period of not less
than twelve (12) months, the cost of the audit shall be borne by the Employer.
Employer hereby agrees that any and all future transactions entered into by the
Company which affect Employee's rights under this Section 1.3(d) will provide
for an assignment or assumption of such Royalty obligation.

                 (e) Certain Benefits. Employee shall be entitled to participate
in all employee benefit programs established by the Company from time to time
for employees or executives of Employer to the extent that executives or senior
management employees of Employer generally are eligible to participate in such
programs. Employee shall be further entitled to an annual paid vacation of four
(4) weeks and other benefits in accordance with Employer's policies as from time
to time established by the Board for employees and/or senior executive officers
and the following: (i) medical, dental and vision insurance plans for Employee
and his immediate family consistent with the Company standard; (ii) a per month
automobile leasing, operating, insurance and maintenance expense allowance
similar to that provided to other senior executive officers of the Employer or
the cash equivalent in the form of an expense reimbursement, as might be
standard to senior executives; (iii) cell phone and other communication device
acquisition and operating expenses related to Company.

                (f) Annual Performance Bonus. Employer shall pay Employee an
annual bonus (less required withholdings), subject to meeting mutually agreeable
annual performance criteria mutually established by Employer and Employee
between February 1 and April 1 of each year of this Agreement. Employer and
Employee agree to establish the annual performance criteria and corresponding
bonus amount targets for the first year of this Agreement within 120 days after
execution of this Agreement and for subsequent years, 120 days after each
anniversary of the date hereof.

                (g) Reimbursement of Expenses. Subject to such rules and
procedures which from time to time are reasonably specified by the Employer,
Employer shall reimburse Employee for reasonable and necessary business expenses
incurred in the performance of Employee's duties under this Agreement, including
without limitation first class travel, first class hotel suite, private
limousine and driver, entertainment and telecommunications. While traveling,
Employer shall receive a per diem to cover normal living expenses of $250 per
day ($350 per day when traveling to New York or internationally).

                (h) Severance Compensation (or Termination Without Cause. In the
event that Employee's employment is terminated by Employer for any reason (other
than as a result of the termination of this Agreement pursuant to Sections 3.1
or 3.2) or terminated by Employee as a result of a material breach of this
Agreement by Employer (any of the foregoing, an "Involuntary Termination") or by
the Employee for Good Reason (as defined below), Employee shall be entitled to
receive from Employer an amount equal to Employee's then-current Base Salary
during the period commencing on the effective date of an Involuntary Termination
and ending twelve (12) months later, plus a bonus actually earned through that
period. In addition, following an Involuntary Termination, any then outstanding
and unvested stock options or restricted stock issued in accordance with that
certain offer letter from the Company of even date shall immediately vest in
full. These benefits are contingent upon the Employee's or Employee's personal
representative's execution and delivery of a general release reasonably
satisfactory to the Company releasing the Company, its officers, agents,

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shareholders, and affiliates from any liability for any matter other than for
payments under this Section, payment of the Royalty, payment of any accrued
vacation and from any contractual obligations under any other written agreements
between the Employee and Employer, including but not limited to Employee's
rights as a shareholder and Optionholder. Employee's voluntary termination shall
be deemed to be for "Good Reason" in the event it immediately follows: (i)
Employer's request that the Employee engage in illegal or unethical conduct, or
(ii) Employee is relieved of his duties or assigned duties inconsistent with his
position without his consent. In no event shall the terms and conditions
relating to the severance payments due Employee be less favorable than those
generally provided to the senior executives of Employer.

                (i) Most Favored Nations Benefits: Stock Option Plan. Employee
shall participate in all stock, option and other executive pools and programs
offered to any other senior executive of Employer, including an Stock Option
Plan consistent with Internal Revenue Code of 1986, as amended, and Nevada
corporate law requirements.

        Section 2. Nondisclosure and Noncompetition.

                2.1 Nondisclosure. Employee recognizes the interests of Employer
in maintaining the confidential nature of its proprietary, and other business
and commercial information. In consideration thereof, Employee shall not during
his employment hereunder, directly or indirectly, publish, disclose or use, or
authorize anyone else to publish, disclose or use (except to Employee's personal
representatives who are obligated to maintain the confidentiality thereof or as
authorized in writing by Employer), any secret or confidential matter, or
proprietary or other information not otherwise available in the public domain
and acquired by Employee during his employment hereunder or through
representation on Employer's Board, relating to any aspect of the operations,
activities, or obligations of Employer, and/or or any member of the consolidated
group of corporations affiliated therewith (all of which companies shall be
included within the definition of Employer for purposes of this Section 2.1)
including, without limitation, any confidential material or information relating
to Employer's business, customers, suppliers, trade or industrial practices,
trade secrets, technology, know-how or intellectual property. Confidential
information will not, however, include information that: (a) was already known
to Employee at the time it was disclosed through no wrongful act of Employee,
(b) has become publicly known through no wrongful act of Employee, (c) has been
rightfully received from a third party without restriction on disclosure and
without breach of an obligation of confidentiality to the disclosing party, (d)
has been independently developed by Employee without breach of this Agreement,
(e) has been approved for release by Employer, (f) is regularly furnished by
Employer to third parties without similar restrictions on disclosure, or (g) is
required to be disclosed by law or by court order.

                 All records, files, data, documents and the like relating to
suppliers, customers, costs, prices, systems, methods, personnel, equipment and
other materials relating to Employer shall be and remain the sole property of
Employer. Upon termination of Employee's employment hereunder, Employee shall
not remove from Employer's premises or retain any of the materials described in
this Section 2.1, except with the prior written consent of Employer and all such
materials in Employee's possession shall be delivered promptly to Employer.
Notwithstanding the foregoing, Employee shall be entitled to retain a record of
his personal contact information and shall not be required to purge emails or
computer back ups.

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                2.2 Noncompetition, Employee covenants and agrees that;

                (a) So long as Employee is employed by Employer, Employee shall
not, without the prior written consent of Employer, directly or indirectly, as
an employee, employer, agent, principal, proprietor, partner, stockholder,
consultant, director, or corporate officer, engage in any business that is in
direct competition with the business of Employer. Direct competition is defined
as another media and entertainment holding company in which Employee has an
identical position.

                (b) If the scope of any restrictions contained in subparagraph
(a) is too broad to permit enforcement of such restrictions to their full
extent, then such restrictions shall be enforced to the maximum extent permitted
by law, and Employee hereby consents and agrees that such scope may be
judicially modified accordingly in any proceeding brought to enforce such
restrictions.

                2.3 Specific Performance. Employee acknowledges and agrees that
Employer's remedies at law for a breach or threatened breach of any of the
provisions of this Section 2 would be inadequate and, in recognition of this
fact, Employee agrees that in the event of such a breach or threatened breach,
in addition to any remedies at law, Employer, without posting any bond, shall be
entitled to seek to obtain equitable relief in the form of specific performance,
temporary restraining order, temporary or permanent injunction or any other
equitable remedy which may then be available.

                Section 3. Termination.

                3.1 Death. This Agreement shall terminate upon Employee's death.
In the event of Employee's death while in the employ of Employer, Employer shall
pay to the such person or persons as the Employee may specifically designate
(successively or contingently) by filing a written beneficiary designation with
Employer during Employee's lifetime ("Designated Beneficiaries") a death benefit
in an amount equal to six (6) months of Employee's Base Salary as in effect
immediately prior to Employee's death; such amount to be payable to Employee's
Designated Beneficiaries in six (6) monthly installments beginning on the first
month immediately following Employee's death.

                3.2 Cause. Employer shall have the right to terminate this
Agreement and Employee's employment hereunder for cause upon written notice to
Employee. "Cause" shall mean the Employee's: (a) dishonesty in the performance
of the Employee's duties hereunder (including, but not limited to, theft or
embezzlement of Employer funds or assets); (b) conviction of, or guilty plea or
no contest plea, to a felony charge or any misdemeanor involving moral
turpitude, or the entry of a consent decree with respect to such a felony or
misdemeanor with any governmental body; (c) knowing noncompliance in any
material respect with any laws or regulations, foreign or domestic, materially
affecting the operation of the Employer's business, except as directed or
approved by Employer's Chief Executive Officer; (d) knowing violation of any
express direction or any reasonable rule, regulation or policy established by
the Board that is consistent with the terms of this Agreement or applicable law,
if such violation is likely to have a material adverse effect on the Employer,
except as directed or approved by Employer's Chief Executive Officer; (e)
material breach of this Agreement or material breach of the Employee's

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fiduciary duties to the Employer; (f) gross incompetence, gross neglect, or
gross misconduct in the performance of the Employee's duties; (g) repeated and
consistent failure to devote Employee's full working time and attention to the
service of the Employer subject to Section 1.2 of this Agreement; or (h) abuse
of alcohol or drugs which materially interferes with the Employee's performance
of his duties. With respect to those circumstances of Cause set forth in the
preceding clauses (c) through (h) that are reasonably susceptible to cure, Cause
shall only exist where the Employer has provided the Employee with written
notice of the alleged problem and the Employee has failed to cure such condition
to the satisfaction of the Employer within ten (10) business days.

                Section 4. Miscellaneous.

                4.1 Amendment This Agreement may be amended only be writing
executed by the parties hereto, which has been approved in advance by a majority
of the disinterested members of the Board.

                4.2 Mitigation. In the event of a Involuntary Termination of
Employee's employment, Employee shall not be required to seek other employment;
in addition, no amount payable under this Agreement shall be reduced by any
compensation earned by Employee as a result of employment by another employer
after such termination of employment with Employer

                4.3 Entire Agreement. This Agreement and the other agreements
expressly referred to herein set forth the entire understanding of the parties
hereto regarding the subject matter hereof and supersede all prior contracts,
agreements, arrangements, communications, discussions, representations and
warranties, whether oral or written, between the parties regarding the subject
matter hereof.

                4.4 Notices. Any notice, request, consent and other
communication required or permitted hereunder shall be in writing and shall be
deemed to have been duly given upon the earlier of receipt or five (5) days
after being sent by registered or certified mail, return receipt requested,
postage prepaid, to the parties (and to the persons to whom copies shall be
sent) at their respective addresses set forth below.

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If to Employer:
---------------

President
Global Media Group Holdings, Inc.
405 Rosemary Lane
Las Vegas, Nevada 89107

With a copy to:
Carr & Ferrell, LLP
2200 Geng Road
Palo Alto, California 94303
Attn: R. Michael Momboisse, Esq.

If to Employee:
---------------

James Caan
c/o
Bloom Hergott Diemer Rosenthal & LaViolette, LLP
150 South Rodeo Drive, Third Floor
Beverly Hills, California 90212
Attn: Jacob A. Bloom, Esq.

Any party by written notice to the other party given in accordance with this
Section may change the address or the persons to whom notices or copies thereof
shall be directed.

                4.5 Assignability; Successors. This Agreement is personal to
Employee and may not be assigned except to the Employee's personal
representative in the event of the Employee's death or permanent disability.
This Agreement is assignable by Employer, but only to an entity that is
affiliated with Employer. This Agreement shall bind and inure to the benefit of
all permitted successors, heirs and personal representatives of each of the
parties hereto.

                4.6 Indemnification. Employer shall defend, indemnify and hold
harmless Employee with respect to any and all matters relating to Employee's
performance of services to Employer in a non-negligent manner and otherwise in
accordance with the terms of this Agreement, to the maximum extent permitted by
applicable law; including, but not limited to claims for indemnification with
respect to any and all shareholder lawsuits and claims relating to violations by
Employer (but not Employee) of securities laws.

                4.7 Governing Law; Venue. This Agreement shall be governed by,
and construed in accordance with, the laws of the State of California. All
parties agree that venue for any and all claims arising from the Agreement shall
be located in the state or federal courts located in Los Angeles County,
California.

                4.8 Severabilty. If any provision of this Agreement shall be
adjudicated to be, in whole or in part, invalid, ineffective or unenforceable,
the remaining provisions of this Agreement shall not be affected thereby. The
invalid, ineffective and unenforceable provision shall, without further action

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by the parties, be automatically amended to effect so much of the original
purpose and intent of the invalid, ineffective or unenforceable provision;
provided, however, that such amendment shall apply only with respect to the
operation of such provision in the particular jurisdiction with respect to which
such adjudication is made.

                4.9 Waivers. Any waiver by any party of any violation of, breach
of or default under any provision of this Agreement, by the other party shall
not be construed as, or constitute, a continuing waiver of such provisions, or
waiver of any other violation of, breach of or default under any other provision
of this Agreement,

                4.10 Headings. The headings in this Agreement are solely for
convenience of reference and shall not be given any effect in the construction
or interpretation of this Agreement.

                4.11 Counterparts. This Agreement may be executed in any number
of counterparts, each of which shall be deemed to be an original, and all of
which together will constitute one and the same Agreement

                4.12 Enforcement. In the event that either party resorts to
legal action to enforce the terms and provisions of this Agreement, the
prevailing party shall be entitled to recover from the nonprevailing party the
costs of such action, so incurred, including, without limitation, reasonable
attorneys' fees.

                4.13 Legal Representation Employee acknowledges and agrees that
he has read and understands the terms set forth in this Agreement and has been
given a reasonable opportunity to consult with an attorney prior to execution of
this Agreement.

                4.14 Waiver of Jury Trial EACH OF THE PARTIES HERETO HEREBY
VOLUNTARILY AND IRREVOCABLY WAIVES TRIAL BY JURY IN ANY ACTION OR OTHER
PROCEEDING BROUGHT IN CONNECTION WITH THIS AGREEMENT OR ANY OF THE TRANSACTIONS
CONTEMPLATED HEREBY.

                4.15 Arbitration. Except for ancillary measures in aid of
arbitration and for proceedings to obtain provisional remedies and interim
relief, including, without limitation, injunctive relief, any controversy,
dispute or claim arising out of or in connection with or relating to this
Agreement, or the breach, termination or validity thereof or any transaction
contemplated hereby or thereby (any such controversy, dispute or claim being
referred to as a"Dispute") shall be finally settled by arbitration conducted
expeditiously in accordance with the Commercial Arbitration Rules then in force
(the "AAA Rules") of the American Arbitration Association (the "AAA"). There
shall be a panel of three arbitrators who shall be appointed pursuant to AAA
procedures, in each case, within fifteen (15) business days of the demand for
arbitration by the respondent(s) in any such proceeding. Each of the arbitrators
shall be an attorney with no less than fifteen (15) years' experience in the
practice of business law. Any arbitration pursuant to this Section shall take
place in Clark County, Nevada. A final award shall be rendered as soon as
reasonably possible and, in any event, within ninety (90) days of the filing
with AAA any demand for arbitration; provided, however, that if the arbitrators
determine by majority vote that fairness so requires, such ninety (90) day
period may be extended by no more than sixty (60) additional days. The parties

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agree that the arbitrators shall have the right and power to shorten the length
of any notice periods or other time periods provided in the AAA Rules and to
implement "Expedited Procedures" under the AAA Rules in order to ensure that the
arbitration process is completed within the time frames provided herein. The
arbitration decision or award shall be in writing. Judgment on the decision or
award rendered by the arbitrators may be entered and specifically enforced in
any court having jurisdiction thereof. Notwithstanding the provisions of Section
any arbitration held pursuant to the provisions of this Section shall be
governed by the Federal Arbitration Act. All arbitrations commenced pursuant to
this Agreement or any other Related Agreements shall be consolidated and heard
by the initially constituted panel of arbitrators.

               IN WITNESS WHEREOF, the parties hereto have executed this
Employment Agreement as of the date first above written.

                                              /s/ James Caan
                                             -------------------------------
                                             James Caan

                                             GLOBAL MEDIA GROUP HOLDINGS, INC.
                                             a Delaware coporation

                                             By:
                                                ----------------------------

                                             Its:
                                                 ---------------------------

                                       50EX-10.1

EXHIBIT 10.1

LA JOLLA PHARMACEUTICAL COMPANY

1995 EMPLOYEE STOCK PURCHASE PLAN

The following constitutes the provisions of the La Jolla Pharmaceutical Company 1995 Employee
Stock Purchase Plan (the “Plan”).

1. Purpose.

The purpose of the Plan is to maintain competitive equity compensation programs and to provide
employees of La Jolla Pharmaceutical Company (the “Company”) with an opportunity and incentive to
acquire a proprietary interest in the Company through the purchase of the Company’s Common Stock,
thereby more closely aligning the interests of the Company’s employees and stockholders. It is the
intention of the Company to have the Plan qualify as an “Employee Stock Purchase Plan” under
Section 423 of the Internal Revenue Code of 1986, as amended (“Section 423”). Accordingly, the
provisions of the Plan shall be construed to extend and limit participation consistent with the
requirements of Section 423.

2. Definitions.

Capitalized terms used in this Plan and not otherwise defined have the meanings set forth
below.

"Administrator” means the Committee, or the Board if the Board asserts administrative
authority over the Plan pursuant to Section 13.

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

"Code” means the Internal Revenue Code of 1986, as amended.

"Committee” means a committee of members of the Board meeting the qualifications described in
Section 13 and appointed by the Board to administer the Plan.

"Common Stock” shall mean the Common Stock of the Company.

"Compensation” means base salary or hourly compensation and any cash bonus paid to a
participant.

"Eligible Employee” means any employee of the Company whose customary employment is for more
than five months per calendar year and for more than 20 hours per week. For purposes of the Plan,
the employment relationship shall be treated as continuing while the individual is on sick leave or
other leave of absence approved by the Company, except that when the period of leave exceeds 90
days and the individual’s right to reemployment is not guaranteed either by statute or by contract,
the employment relationship will be deemed to have terminated on the 91st day of such leave.

"Enrollment Date” means the first day of each Offering Period.

"Exchange Act” means the Securities Exchange Act of 1934, as amended.

"Exercise Date” means the last day of each Purchase Period.

"Fair Market Value” of the Common Stock as of the time of any determination thereof means the
value of Common Stock determined as follows:

(1) If the Common Stock is listed on any established stock exchange or trades on the Nasdaq
National Market, its Fair Market Value shall be the most recent closing sales price for such stock
(or the closing bid, if no sales were reported), as quoted on such exchange or system (or the
exchange or system with the greatest volume of trading in the Common Stock) as of the time of such
determination as reported in the Wall Street Journal or such other source as the Administrator
deems reliable; or

(2) If the Common Stock is not listed on any established stock exchange or traded on the
Nasdaq National Market its Fair Market Value shall be the mean between the most recent closing high
and low asked prices for the Common Stock as of the time of such determination, as reported in the
Wall Street Journal or such other source as the Administrator deems reliable; or

(3) In the absence of an established market for the Common Stock, the Fair Market Value of the
Common Stock shall be determined in good faith by the Administrator.

"Offering Period” means (i) the period of twenty-three (23) months commencing on August 1,
1996 and terminating on June 30, twenty-three (23) months later; (ii) each period of twenty-four
(24) months commencing on January 1, 1997 and each January 1 thereafter for the duration of the
Plan and terminating on the December 31 twenty-four (24) months later; (iii) each period of
twenty-four (24) months commencing on July 1, 1997 and each July 1 thereafter for the duration of
the Plan and terminating on the June 30 twenty-four (24) months later; (iv) each period of
twenty-four (24) months commencing on October 1, 2000 and each October 1 thereafter for the
duration of the Plan and terminating on the September 30 twenty-four (24) months later; and (v)
each period of twenty-four (24) months commencing on April 1, 2001 and each April 1 thereafter for
the duration of the Plan and terminating on the March 31 twenty-four (24) months later. The
Administrator shall have the power to change the duration of Offering Periods without stockholder
approval as set forth in Section 12 or if such change is announced at least fifteen (15) days prior
to the scheduled beginning of the first Offering Period to be affected.

"Option” means the option granted to each participant pursuant to Section 4 upon enrollment in
an Offering Period.

"Periodic Exercise Limit” has the meaning set forth in Section 4(a).

"Plan Account” means an account maintained by the Company for each participant in the Plan, to
which are credited the payroll deductions made for such participant pursuant to Section 5 and from
which are debited amounts paid for the purchase of shares upon exercise of such participant’s
Option pursuant to Section 6.

"Purchase Price” as of any Exercise Date means an amount equal to 85% of the Fair Market Value
of a share of Common Stock as of the close of business on the Exercise Date or the opening of
business on the Enrollment Date for the Offering Period in which such Exercise Date occurs,
whichever is lower.

"Purchase Period” means (i) the period of five (5) months commencing on August 1, 1996 and
ending on December 31, 1996; (ii) with respect to the Offering Periods beginning on January and
July 1, 1997, January and July 1, 1998, and January 1, 1999, each period of six (6) months within
any such Offering Period, commencing January 1, 1997 and each July 1 and January 1 thereafter, and
ending on the December 31 or June 30 following such commencement date; (iii) with respect to the
Offering Period beginning on July 1, 1999, the period of six (6) months commencing July 1, 1999 and
ending on December 31, 1999, the period of six (6) months commencing on January 1, 2000 and ending
on June 30, 2000, the period of six (6) months commencing on July 1, 2000 and ending on December
31, 2000, the period of three (3) months commencing on January 1, 2001 and ending on March 31,
2001, and the period of three (3) months commencing on April 1, 2001 and ending on June 30, 2001;
(iv) with respect to the Offering Period beginning on January 1, 2000, the period of six (6) months
commencing on January 1, 2000 and ending on June 30, 2000, the period of six (6) months commencing
on July 1, 2000 and ending on December 31, 2000, and each period of three (3) months commencing on
January 1, 2001 and each April 1, July 1, and October 1 thereafter, and ending on the March 31,
June 30, September 30 and December 31 following such commencement date; (v) with respect to the
Offering Period beginning on July 1, 2000, the period of six (6) months commencing on July 1, 2000
and ending on December 31, 2000, and each period of three (3) months commencing on January 1, 2001
and each April 1, July 1, and October 1 thereafter, and ending on the March 31, June 30, September
30 and December 31 following such commencement date; and (vi) for any Offering Period commencing on
or after October 1, 2000, each period of three (3) months within the Offering Period commencing on
October 1, 2000 and each January 1, April 1, July 1, and October 1 thereafter, and ending on the
December 31, March 31, June 30, and September 30 following such commencement date.

"Reserves” means the number of shares of Common Stock covered by each Option that has not yet
been exercised and the number of shares of Common Stock that have been authorized for issuance
under the Plan, but not yet placed under any Option.

"Rule 16b-3” means Rule 16b-3 under the Exchange Act and any successor provision.

"Subsidiary” has the meaning as set forth under § 424(f) of the Code.

"Trading Day” means a day on which national stock exchanges and the National Association of
Securities Dealers Automated Quotation System are open for trading.

3. Offering Periods and Participation.

The Plan shall be implemented through a series of consecutive and overlapping Offering
Periods. An Eligible Employee may enroll in an Offering Period by delivering a subscription
agreement in the form of Exhibit A hereto to the Company’s payroll office at least five (5)
business days prior to the Enrollment Date for that Offering Period. Eligible Employees shall
participate in only one Offering Period at a time, and a subscription agreement in effect for a
Plan participant for a particular Offering Period shall continue in effect for subsequent Offering
Periods if the participant remains an Eligible Employee and has not withdrawn pursuant to Section
8.

4. Options.

(a) Grants. On the Enrollment Date for each Offering Period, each Eligible Employee
participating in such Offering Period shall be granted an Option to purchase (i) on each Exercise
Date for any six-month Purchase Period in such Offering Period (at the applicable Purchase Price)
up to that number of shares of Common Stock determined by dividing $12,500 by the Fair Market Value
of a share of Common Stock as of the opening of business on the Enrollment Date, and (ii) on each
Exercise Date for any three-month Purchase Period in such Offering Period (at the applicable
Purchase Price) up to that number of shares of Common Stock determined by dividing $6,250 by the
Fair Market Value of a share of Common Stock as of the opening of business on the Enrollment Date
(such number of shares being the “Periodic Exercise Limit”). The Option shall expire immediately
after the last Exercise Date of the Offering Period.

(b) Grant Limitations. Any provisions of the Plan to the contrary notwithstanding, no
participant shall be granted an Option under the Plan:

(i) if, immediately after the grant, such participant (or any other person whose stock
would be attributed to such participant pursuant to Section 424(d) of the Code) would own
stock and/or hold outstanding options to purchase stock possessing five percent (5%) or
more of the total combined voting power or value of all classes of stock of the Company or
of any Subsidiary; or

(ii) which permits such participant’s rights to purchase stock under all employee
stock purchase plans of the Company and its Subsidiaries to accrue at a rate that exceeds
Twenty-Five Thousand Dollars ($25,000) worth of stock (determined at the Fair Market Value
of the shares at the time such Option is granted) in any calendar year.

(c) No Rights in Respect of Underlying Stock. The participant will have no interest or voting
right in shares covered by an Option until such Option has been exercised.

5. Payroll Deductions.

(a) Participant Designations. The subscription agreement applicable to an Offering Period
shall designate payroll deductions to be made on each payday during the Offering Period as a whole
number percentage not exceeding ten percent (10%) of such Eligible Employee’s Compensation for the
pay period preceding such payday, provided that the aggregate of such payroll deductions during the
Offering Period shall not exceed ten percent (10%) of the participant’s Compensation during said
Offering Period.

(b) Plan Account Balances. The Company shall make payroll deductions as specified in each
participant’s subscription agreement on each payday during the Offering Period and credit such
payroll deductions to such participant’s Plan Account. A participant may not make any additional
payments into such Plan Account. No interest will accrue on any payroll deductions. All payroll
deductions received or held by the Company under the Plan may be used by the Company for any
corporate purpose, and the Company shall not be obligated to segregate such payroll deductions.

(c) Participant Changes. A participant may discontinue his or her participation in the Plan
as provided in Section 8, or may increase or decrease (subject to such limits as the Administrator
may impose) the rate of his or her payroll deductions during any Purchase Period by filing with the
Company a new subscription agreement authorizing such a change in the payroll deduction rate. The
change in rate shall be effective with the first full payroll period following five (5) business
days after the Company’s receipt of the new subscription agreement, unless the Company elects to
process a given change in participation more quickly.

(d) Decreases. Notwithstanding the foregoing, to the extent necessary to comply with Section
423(b)(8) of the Code and Section 4(b) herein, a participant’s payroll deductions may be decreased
to 0% at such time during any Purchase Period that is scheduled to end during a calendar year (the
“Current Purchase Period”) when the aggregate of all payroll deductions previously used to purchase
stock under the Plan in a prior Purchase Period which ended during that calendar year plus all
payroll deductions accumulated with respect to the Current Purchase Period equal $21,250. Payroll
deductions shall recommence at the rate provided in such participant’s subscription agreement at
the beginning of the first Purchase Period that is scheduled to end in the following calendar year,
unless terminated by the participant as provided in Section 8.

(e) Tax Obligations. At the time of each exercise of a participant’s Option, and at the time
any Common Stock issued under the Plan to a participant is disposed of, the participant must
adequately provide for the Company’s federal, state, or other tax withholding obligations, if any,
that arise upon the exercise of the Option or the disposition of the Common Stock. At any time,
the Company may, but will not be obligated to, withhold from the participant’s compensation the
amount necessary for the Company to meet applicable withholding obligations, including any
withholding required to make available to the Company any tax deductions or benefit attributable to
sale or early disposition of Common Stock by the participant.

(f) Statements of Account. The Company shall maintain each participant’s Plan Account and
shall give each Plan participant a statement of account at least annually. Such statements will
set forth the amounts of payroll deductions, the Purchase Price, the number of shares purchased and
the remaining cash balance, if any, for the period covered.

6. Exercise of Options.

(a) Automatic Exercise on Exercise Dates. Unless a participant withdraws as provided in
Section 8, his or her Option for the purchase of shares will be exercised automatically on each
Exercise Date within the Offering Period in which such participant is enrolled for the maximum
number of shares of Common Stock, including fractional shares, as can then be purchased at the
applicable Purchase Price with the payroll deductions accumulated in such participant’s Plan
Account and not yet applied to the purchase of shares under the Plan, subject to the Periodic
Exercise Limit. During a participant’s lifetime, a participant’s Options to purchase shares
hereunder are exercisable only by the participant.

(b) Delivery of Shares. As promptly as practicable after each Exercise Date on which a
purchase of shares occurs, the Company shall arrange the delivery to each participant, as
appropriate, of a certificate or book entry transfer representing the shares purchased upon
exercise of his or her Option, provided that the Company may in its discretion hold fractional
shares for the accounts of the participants pending aggregation to whole shares.

(c) Compliance with Law. Shares shall not be issued with respect to an Option unless the
exercise of such Option and the issuance and delivery of such shares pursuant thereto comply with
all applicable provisions of law, domestic or foreign, including, without limitation, the
Securities Act of 1933, as amended, the Exchange Act, the rules and regulations promulgated
thereunder, and the requirements of any stock exchange upon which the shares may then be listed,
and shall be further subject to the approval of counsel for the Company with respect to such
compliance. As a condition to the exercise of an Option, the Company may require the participant
for whom an Option is exercised to represent and warrant at the time of any such exercise that the
shares are being purchased only for investment and without any present intention to sell or
distribute such shares if, in the opinion of counsel for the Company, such a representation is
required by any of the aforementioned applicable provisions of law. Shares issued upon purchase
under the Plan may be subject to such transfer restrictions and stop-transfer instructions as the
Administrator deems appropriate.

(d) Excess Plan Account Balances. If, due to application of the Periodic Exercise Limit,
there remains in a participant’s Plan Account immediately following exercise of such participant’s
Option on an Exercise Date any cash accumulated during the Purchase Period immediately preceding
such Exercise Date and not applied to the purchase of shares under the Plan, such cash shall
promptly be returned to the participant.

7. Automatic Transfer to Low Price Offering Period.

If the Fair Market Value of the Common Stock as of the close of business on any Exercise Date
is lower than the Fair Market Value of the Common Stock as of the opening of business on the
Enrollment Date for the Offering Period in which such Exercise Date occurs, then all participants
in such Offering Period shall be automatically withdrawn from such Offering Period immediately
after the exercise of their Options on such Exercise Date and automatically re-enrolled in the
immediately following Offering Period as of the first day thereof.

8. Withdrawal; Termination of Employment.

(a) Voluntary Withdrawal. A participant may withdraw from an Offering Period by giving
written notice to the Company’s payroll office at least five (5) business days prior to the next
Exercise Date. Such withdrawal shall be effective beginning five business days after receipt by
the Company’s payroll office of notice thereof. On or promptly following the effective date of any
withdrawal, all (but not less than all) of the withdrawing participant’s payroll deductions
credited to his or her Plan Account and not yet applied to the purchase of shares under the Plan
will be paid to such participant, and on the effective date of such withdrawal such participant’s
Option for the Offering Period will be automatically terminated, and no further payroll deductions
for the purchase of shares will be made during the Offering Period. If a participant withdraws
from an Offering Period, payroll deductions will not resume at the beginning of any succeeding
Offering Period unless the participant delivers to the Company a new subscription agreement with
respect thereto.

(b) Termination of Employment. Promptly after a participant’s ceasing to be an Eligible
Employee for any reason the payroll deductions credited to such participant’s Plan Account and not
yet applied to the purchase of shares under the Plan will be returned to such participant or, in
the case of his or her death, to the person or persons entitled thereto under Section 10, and such
participant’s Option will be automatically terminated, provided that, if the Company does not learn
of such death more than five (5) business days prior to an Exercise Date, payroll deductions
credited to such participant’s Plan account may be applied to the purchase of shares under the Plan
on such Exercise Date.

9. Transferability.

Neither payroll deductions credited to a participant’s Plan Account nor any rights with regard
to the exercise of an Option or to receive shares under the Plan nor any Option itself may be
assigned, transferred, pledged or otherwise disposed of by the participant in any way other than by
will, the laws of descent and distribution or as provided in Section 10 hereof. Any such attempt
at assignment, transfer, pledge or other disposition shall be without effect, except that the
Administrator may treat such act as an election to withdraw from an Offering Period in accordance
with Section 8.

10. Designation of Beneficiary.

A participant may file a written designation of a beneficiary who is to receive any cash from
the participant’s Plan Account in the event of such participant’s death and any shares purchased
for the participant upon exercise of his or her Option but not yet issued. If a participant is
married and the designated beneficiary is not the spouse, spousal consent may be required for such
designation to be effective. A designation of beneficiary may be changed by a participant at any
time by written notice. In the event of the death of a participant and in the absence of a
beneficiary validly designated under the Plan who is living at the time of such participant’s
death, the Company shall deliver such shares and/or cash to the executor or administrator of the
estate of the participant, or if no such executor or administrator has been appointed (to the
knowledge of the Company), the Company, in its discretion, may deliver such shares and/or cash to
the spouse or to any one or more dependents or relatives of the participant, or if no spouse,
dependent or relative is known to the Company, then to such other person as the Company may
designate.

11. Stock.

The maximum number of shares of the Company’s Common Stock that shall be made available for
sale under the Plan shall be 600,000 shares, subject to adjustment upon changes in capitalization
of the Company as provided in Section 12. If on a given Enrollment Date or Exercise Date the
number of shares with respect to which Options are to be granted or exercised exceeds the number of
shares then available under the Plan, the Administrator shall make a pro rata allocation of the
shares remaining available for purchase in as uniform a manner as shall be practicable and as it
shall determine to be equitable. Shares of Common Stock subject to unexercised Options that
expire, terminate or are cancelled will again become available for the grant of further Options
under the Plan.

12. Adjustments Upon Changes in Capitalization, Dissolution, Merger or Asset Sale.

(a) Changes in Capitalization. Subject to any required action by the stockholders of the
Company, the Reserves as well as the Purchase Price, Periodic Exercise Limit, and other
characteristics of the Options, shall be appropriately and proportionately adjusted for any
increase or decrease or exchange in the issued shares of Common Stock resulting from a stock split,
reverse stock split, stock dividend, combination or reclassification of the Common Stock, exchange
or any other increase or decrease in the number of shares of Common Stock effected without receipt
of consideration by the Company; provided, however, that conversion of any convertible securities
of the Company shall not be deemed to have been “effected without receipt of consideration.” Such
adjustment shall be made by the Administrator, whose determination in that respect shall be final,
binding and conclusive. Except as expressly provided herein, no issuance by the Company of shares
of stock of any class, or securities convertible into shares of stock of any class, shall affect,
and no adjustment by reason thereof shall be made with respect to, the number or price of shares of
Common Stock subject to an Option. The Administrator may, if it so determines in the exercise of
its sole discretion, provide for adjusting the Reserves, as well as the Purchase Price, Periodic
Exercise Limit, and other characteristics of the Options, in the event the Company effects one or
more reorganizations, recapitalizations, rights offerings or other increases or reductions of
shares of its outstanding Common Stock.

(b) Dissolution or Liquidation. In the event of the proposed dissolution or liquidation of
the Company, all pending Offering Periods will terminate immediately prior to the consummation of
such proposed action, unless otherwise provided by the Administrator, and all Plan Account balances
will be paid to participants as appropriate consistent with applicable law.

(c) Merger or Asset Sale. In the event of a proposed sale of all or substantially all of the
assets of the Company, or the merger or other combination (the “Transaction”) of the Company with
or into another entity, each Option under the Plan shall be assumed or an equivalent option shall
be substituted by such successor entity or a parent or subsidiary of such successor entity, unless
the Administrator determines, in the exercise of its sole discretion and in lieu of such assumption
or substitution, to shorten the Offering Periods then in progress by setting a new Exercise Date
(the “New Exercise Date”). If the Administrator shortens the Offering Periods then in progress in
lieu of assumption or substitution, the Administrator shall notify each participant in writing, at
least ten (10) days prior to the New Exercise Date, that the Exercise Date for such participant’s
Option has been changed to the New Exercise Date and that such participant’s Option will be
exercised automatically on the New Exercise Date, unless prior to such date the participant has
withdrawn from the Offering Period as provided in Section 8 (provided that, in such case, the
participant’s withdrawal shall be effective if notice thereof is delivered to the Company’s payroll
office at least two (2) business days prior to the New Exercise Date). For purposes of this
Section, an Option granted under the Plan shall be deemed to be assumed if, following the
Transaction the Option confers the right to purchase at the Purchase Price (provided that for such
purposes the Fair Market Value of the Common Stock on the New Exercise Date shall be the value per
share of the consideration paid in the Transaction), for each share of stock subject to the Option
immediately prior to the Transaction, the consideration (whether stock, cash or other securities or
property) received in the Transaction by holders of Common Stock for each share of Common Stock
held on the effective date of the transaction (and if such holders were offered a choice of
consideration, the type of consideration chosen by the holders of a majority of the outstanding
shares of Common Stock); provided, however, that if such consideration received in the Transaction
was not solely common equity of the successor entity or its parent (as defined in Section 424(e) of
the Code), the Administrator may, with the consent of the successor entity and the participant,
provide for the consideration to be received upon exercise of the Option to be solely common equity
of the successor entity or its parent equal in fair market value to the per share consideration
received by holders of Common Stock in the Transaction.

13. Administration.

The Plan shall be administered by the Committee, which shall have the authority to construe,
interpret and apply the terms of the Plan and any agreements defining the rights and obligations of
the Company and participants under the Plan, to prescribe, amend, and rescind rules and regulations
relating to the Plan, to determine eligibility and to adjudicate all disputed claims filed under
the Plan, and to make all other determinations necessary or advisable for the administration of the
Plan. The Administrator may, in its discretion, delegate ministerial responsibilities under the
Plan to the Company. Every finding, decision and determination made by the Committee shall, to the
full extent permitted by law, be final and binding upon all parties. Any action of the Committee
shall be taken pursuant to a majority vote or by the unanimous written consent of its members. The
Committee shall consist of three or more members of the Board, each of whom shall be disinterested
within the meaning of Rule 16b-3, provided, however, that the number of members of the Committee
may be reduced or increased from time to time by the Board to the number required or allowed by
Rule 16b-3. The Board may from time to time in its discretion exercise any responsibilities or
authority allocated to the Committee under the Plan. No member of the Committee or any designee
thereof will be liable for any action or determination made in good faith with respect to the Plan
or any transaction arising under the Plan.

14. Amendment or Termination.

(a) Administrator’s Discretion. The Administrator may, at any time and for any reason,
terminate or amend the Plan. Except as provided in Section 12, no such termination can affect
Options previously granted, provided that an Offering Period may be terminated by the Administrator
on any Exercise Date if the Administrator determines that such termination is in the best interests
of the Company and its stockholders. Except as provided herein, no amendment may make any change
in any Option theretofore granted that adversely affects the rights of any participant. To the
extent necessary to comply with and qualify under Rule 16b-3 or under Section 423 (or any successor
rule or provision or any other applicable law or regulation), the Administrator shall obtain
stockholder approval of amendments to the Plan in such a manner and to such a degree as required.

(b) Administrative Modifications. Without stockholder consent (except as specifically
required by applicable law or regulation) and without regard to whether any participant rights may
be considered to have been “adversely affected,” the Administrator shall be entitled to amend the
Plan to the extent necessary to comply with and qualify under Rule 16b-3 and Section 423, change
the Purchase Periods and/or Offering Periods, limit the frequency and/or number of changes in
payroll deductions during Purchase Periods and/or Offering Periods, establish the exchange ratio
applicable to amounts withheld in a currency other than U.S. dollars, permit payroll withholding in
excess of the amount designated by a participant to adjust for delays or mistakes in the Company’s
processing of properly completed withholding elections, establish reasonable waiting and adjustment
periods and/or accounting and crediting procedures to ensure that amounts applied toward the
purchase of Common Stock for each participant properly correspond with amounts withheld from the
participant’s Compensation, and establish such other limitations or procedures as the Administrator
determines in its sole discretion to be advisable and which are consistent with the Plan.

15. Term of Plan.

The Plan shall become effective upon the first Enrollment Date after its approval by the
stockholders of the Company and shall continue in effect for a term of twenty (20) years unless
sooner terminated pursuant to Section 14.

16. Miscellaneous.

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

(b) Subsidiaries. The Administrator may from time to time in its discretion permit persons
who are employees of any Subsidiary whose customary employment is for more than five months per
calendar year and for more than 20 hours per week to participate in the Plan on the same terms as
Eligible Employees hereunder.

(c) Stockholder Approval. The Plan shall be subject to approval by the stockholders of the
Company within twelve months before or after the date the Board adopts the Plan. If such
stockholder approval is not obtained, the Plan and all rights to the Common Stock purchased under
the Plan shall be null and void and shall have no effect.

(d) Additional Restrictions of Rule 16b-3. The terms and conditions of Options granted
hereunder to, and the purchase of shares by, persons subject to Section 16 of the Exchange Act
shall comply with the applicable provisions of Rule 16b-3. This Plan shall be deemed to contain,
and such Options shall contain, and the shares issued upon exercise thereof shall be subject to,
such additional conditions and restrictions as may be required by Rule 16b-3 to qualify for the
maximum exemption from Section 16 of the Exchange Act with respect to Plan transactions.

(e) No Employment Rights. The Plan does not, directly or indirectly, create any right for the
benefit of an employee or class of employees to purchase any shares under the Plan, or create in
any employee or class of employees any right with respect to continuation of employment by the
Company, and it shall not be deemed to interfere in any way with the Company’s right to terminate,
or otherwise modify, an employee’s employment at any time.

(f) Applicable Law. The laws of the State of California shall govern all matters relating to
the Plan, except to the extent (if any) superseded by the laws of the United States.

(g) Headings. Headings used herein are for convenience of reference only and do not affect
the meaning or interpretation of the Plan.

1

EXHIBIT A

LA JOLLA PHARMACEUTICAL COMPANY

1995 EMPLOYEE STOCK PURCHASE PLAN

SUBSCRIPTION AGREEMENT

	 	 	 	 	 
	     

	 	Original Application
	 	Enrollment Date:
	     

     

	 	Change in Payroll Deduction Rate

Change of Beneficiary(ies)
	 	

1. I,        , hereby elect to participate in the La
Jolla Pharmaceutical Company 1995 Employee Stock Purchase Plan (the “Plan”) and subscribe to
purchase shares of the Company’s Common Stock in accordance with this Subscription Agreement and
the Plan.

2. I hereby authorize payroll deductions from each paycheck in the amount of      % (not to
exceed 10%) of my Compensation (as defined in the Plan) on each payday during the Offering Period
in accordance with the Plan. (Please note that no fractional percentages are permitted.)

3. I understand that said payroll deductions shall be accumulated for the purchase of shares
of Common Stock at the applicable Purchase Price determined in accordance with the Plan. I
understand that if I do not withdraw from an Offering Period, any accumulated payroll deductions
will be used to automatically exercise my Option on each Exercise Date within the Offering Period.

4. I have received a copy of the complete Plan. I understand that my participation in the
Plan is in all respects subject to the terms of the Plan, that capitalized terms used herein have
the same meanings as ascribed thereto in the Plan, and that in case of any inconsistency between
this Subscription Agreement and the Plan, the Plan shall govern. I understand that the grant of
the Option by the Company under this Subscription Agreement is subject to stockholder approval of
the Plan.

5. Shares purchased for me under the Plan should be issued in the name(s) of (employee and/or
spouse only): .

6. I understand that if I dispose of any shares received by me pursuant to the Plan within two
years after the Enrollment Date (the first day of the Offering Period during which I purchased such
shares) or within one year after the Exercise Date (the date I purchased such shares), I will be
treated for federal income tax purposes as having received ordinary income at the time of such
disposition in an amount equal to the excess of the fair market value of the shares at the time
such shares were delivered to me over the price which I paid for the shares, regardless of whether
I disposed of the shares at a price less than their fair market value at the Exercise Date. The
remainder of the gain or loss, if any, recognized on such disposition will be treated as capital
gain or loss. I hereby agree to notify the Company in writing within 30 days after the date of any
disposition of my shares, and I will make adequate provision for Federal, State or other tax
withholding obligations, if any, which arise upon the disposition of the Common Stock. The Company
may, but will not be obligated to, withhold from my Compensation or other amounts payable to me the
amount necessary to meet any applicable withholding obligation including any withholding necessary
to make available to the Company any tax deductions or benefits attributable to sale or early
disposition of Common Stock by me. If I dispose of such shares at any time after the expiration of
the one-year and two-year holding periods described above, I understand that I will be treated for
federal income tax purposes as having received income only at the time of such disposition, and
that such income will be taxed as ordinary income only to the extent of an amount equal to the
lesser of (a) the excess of the fair market value of the shares at the time of such disposition
over the purchase price which I paid for the shares, or (b) 15% of the fair market value of the
shares on the first day of the Offering Period. The remainder of the gain or loss, if any,
recognized on such disposition will be taxed as capital gain or loss. I understand that this tax
summary is only a summary for general information purposes and is subject to change and I agree to
consult with my own tax advisors for definitive advice regarding the tax consequences to me of
participation in the Plan and sale of shares purchased thereunder.

7. I agree to be bound by the terms of the Plan. The effectiveness of this Subscription
Agreement is dependent upon my eligibility to participate in the Plan.

8. In the event of my death, I hereby designate the following as my beneficiary(ies) to
receive (in proportion to the percentages listed below) all payments and shares due me under the
Plan (use additional sheets to add beneficiaries):

NAME: (Please print)

	 	 	 	 	 
	(First)	 	(Middle)	 	(Last)
	Relationship

Percentage

(Address)

	 	

	 	

	 
	 	 	 	 
	NAME: (Please print)

	 	

	 	

	 
	 	 	 	 
	(First)

Relationship

Percentage

(Address)

	 	(Middle)

	 	(Last)

	 
	 	 	 	 
	Employee’s Social Security Number:

	 	

	 	

	Employee’s Address:

	 	

	 	

I UNDERSTAND THAT THIS SUBSCRIPTION AGREEMENT SHALL REMAIN IN EFFECT THROUGHOUT SUCCESSIVE OFFERING
PERIODS UNLESS TERMINATED BY ME.

Dated:

Signature of Employee

Spouse’s Signature (If beneficiary other than
spouse

2

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