Document:

Amended and Restated 1991 Stock Option Plan

 Exhibit 10.1 
  
 As Amended through 
 June 21, 2008 
  
  
 AMENDED AND RESTATED UROLOGIX, INC. 
 1991 STOCK OPTION PLAN 
  
  

					
	 SECTION
	  	 CONTENTS
	  	 PAGE

			
	  1.	  	General Purpose of Plan; Definitions	  	1
			
	  2.	  	Administration	  	3
			
	  3.	  	Stock Subject to Plan	  	5
			
	  4.	  	Eligibility	  	5
			
	  5.	  	Stock Options	  	6
			
	  6.	  	Stock Appreciation Rights	  	11
			
	  7.	  	Restricted Stock	  	12
			
	  8.	  	Deferred Stock Awards	  	14
			
	  9.	  	Transfer, Leave of Absence, etc.	  	16
			
	10.	  	Amendments and Termination	  	16
			
	11.	  	Unfunded Status of Plan	  	17
			
	12.	  	General Provisions	  	16

  

 AMENDED AND RESTATED UROLOGIX, INC. 
 1991 STOCK OPTION PLAN 
  
 SECTION 1. General Purpose of Plan; Definitions. 
  
 The name of this plan is the Amended and Restated Urologix, Inc. 1991 Stock Option Plan (the “Plan”). The purpose of the Plan is to enable
Urologix, Inc. (the “Company”) to retain and attract executives and other key employees, directors and consultants who contribute to the Company’s success by their ability, ingenuity and industry, and to enable such individuals to
participate in the long-term success and growth of the Company by giving them a proprietary interest in the Company. 
  
 For purposes of the Plan, the following terms shall be defined as set forth below: 
  

	 	a.	“Board” means the Board of Directors of the Company as it may be comprised from time to time. 

  

	 	b.	“Cause” means a felony conviction of a participant or the failure of a participant to contest prosecution for a felony, willful misconduct, dishonesty or
intentional violation of a statute, rule or regulation, any of which, in the judgment of the Company, is harmful to the business or reputation of the Company. 

  

	 	c.	“Code” means the Internal Revenue Code of 1986, as amended from time to time, or any successor statute. 

  

	 	d.	“Committee” means the Committee referred to in Section 2 of the Plan. 

  

	 	e.	“Consultant” means any person, including an advisor, engaged by the Company or a Parent Corporation or Subsidiary of the Company to render services and who is
compensated for such services and who is not an employee of the Company or any Parent Corporation or Subsidiary of the Company. A Non-Employee Director may serve as a Consultant. 

  

	 	f.	“Company” means Urologix, Inc., a corporation organized under the laws of the State of Minnesota (or any successor corporation). 

  

	 	g.	“Deferred Stock” means an award made pursuant to Section 8 below of the right to receive stock at the end of a specified deferral period.

  

	 	h.	“Disability” means permanent and total disability as determined by the Committee. 

  

	 	i.	“Early Retirement” means retirement, with consent of the Committee at the time of retirement, from active employment with the Company and any Subsidiary or Parent
Corporation of the Company. 

	 	j.	“Fair Market Value” of Stock on any given date shall be determined by the Committee as follows: (a) if the Stock is listed for trading on one of more national
securities exchanges, or is traded on the Nasdaq Stock Market, the last reported sales price on the principal such exchange or the Nasdaq Stock Market on the date in question, or if such Stock shall not have been traded on such principal exchange on
such date, the last reported sales price on such principal exchange or the Nasdaq Stock Market on the first day prior thereto on which such Stock was so traded; or (b) if the Stock is not listed for trading on a national securities exchange or
the Nasdaq Stock Market, but is traded in the over-the-counter market, including the Nasdaq Small Cap Market, the closing bid price for such Stock on the date in question, or if there is no such bid price for such Stock on such date, the closing bid
price on the first day prior thereto on which such price existed; or (c) if neither (a) or (b) is applicable, by any means fair and reasonable by the Committee, which determination shall be final and binding on all parties.

  

	 	k.	“Incentive Stock Option” means any Stock Option intended to be and designated as an “Incentive Stock Option” within the meaning of Section 422 of the
Code. 

  

	 	l.	“Non-Employee Director” means a “Non-Employee Director” within the meaning of Rule 16b-3(b)(3) under the Securities Exchange Act of 1934.

  

	 	m.	“Non-Qualified Stock Option” means any Stock Option that is not an Incentive Stock Option, and is intended to be and is designated as a “Non-Qualified Stock
Option.” 

  

	 	n.	“Normal Retirement” means retirement from active employment with the Company and any Subsidiary or Parent Corporation of the Company on or after age 65.

  

	 	o.	“Outside Director” means a member of the Board of Directors who: (a) is not a current employee of the Company or any member of an affiliated group which
includes the Company; (b) is not a former employee of the Company who receives compensation for prior services (other than benefits under a tax-qualified retirement plan) during the taxable year; (c) has not been an officer of the Company;
and (d) does not receive remuneration from the Company, either directly or indirectly, in any capacity other than as a director, except as otherwise permitted under Code Section 162(m) and regulations thereunder. For this purpose,
remuneration includes any payment in exchange for goods or services. This definition shall be further governed by the provisions of Code Section 162(m) and regulations promulgated thereunder. 

  

	 	p.	“Parent Corporation” means any corporation (other than the Company) in an unbroken chain of corporations ending with the Company if each of the corporations (other
than the Company) owns stock possessing 50% or more of the total combined voting power of all classes of stock in one of the other corporations in the chain. 

  

	 	q.	“Restricted Stock” means an award of shares of Stock that are subject to restrictions under Section 7 below. 

  

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	 	r.	“Retirement” means Normal Retirement or Early Retirement. 

  

	 	s.	“Stock” means the Common Stock of the Company. 

  

	 	t.	“Stock Appreciation Right” means the right pursuant to an award granted under Section 6 below to surrender to the Company all or a portion of a Stock Option in
exchange for an amount equal to the difference between (i) Fair Market Value, as of the date such Stock Option or such portion thereof is surrendered, of the shares of Stock covered by such Stock Option or such portion thereof, and
(ii) the aggregate exercise price of such Stock Option or such portion thereof. 

  

	 	u.	“Stock Option” means any option to purchase shares of Stock granted pursuant to Section 5 below. 

  

	 	v.	“Subsidiary” means any corporation (other than the Company) in an unbroken chain of corporations beginning with the Company if each of the corporations (other than
the last corporation in the unbroken chain) owns stock possessing 50% or more of the total combined voting power of all classes of stock in one of the other corporations in the chain. 

  
 SECTION 2. Administration. 

 
 The Plan shall be administered by the Board of Directors or by a
committee, consisting of not less than two members of the Board of Directors, all of whom shall be Outside Directors and Non-Employee Directors and who shall serve at the pleasure of the Board (the “Committee”). Any or all of the functions
of the Committee specified in the Plan may be exercised by the Board, unless the Plan specifically states otherwise. 
  
 The Committee shall have the power and authority to grant to eligible employees, members of the Board of Directors or Consultants, pursuant to the terms
of the Plan: (i) Stock Options, (ii) Stock Appreciation Rights, (iii) Restricted Stock, or (iv) Deferred Stock awards. 
  
 In particular, the Committee shall have the authority: 
  

	 	(i)	to select the officers and other key employees of the Company and its Subsidiaries and other eligible persons to whom Stock Options, Stock Appreciation Rights, Restricted Stock and
Deferred Stock awards may from time to time be granted hereunder; 

  

	 	(ii)	to determine whether and to what extent Incentive Stock Options, Non-Qualified Stock Options, Stock Appreciation Rights, Restricted Stock and Deferred Stock awards, or a combination
of the foregoing, are to be granted hereunder; 

  

	 	(iii)	to determine the number of shares to be covered by each such award granted hereunder; 

  

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	 	(iv)	to determine the terms and conditions, not inconsistent with the terms of the Plan, of any award granted hereunder (including, but not limited to, any restriction on any Stock
Option or other award and/or the shares of Stock relating thereto); provided, however, that in the event of a merger or asset sale or other form of change of control, the applicable provisions of Sections 5(c) and 7(c) of the Plan shall
govern the acceleration of the vesting of any Stock option or awards; 

  

	 	(v)	to determine whether, to what extent and under what circumstances Stock and other amounts payable with respect to an award under this Plan shall be deferred either automatically or
at the election of the participant. 

  
 The
Committee shall have the authority to adopt, alter and repeal such administrative rules, guidelines and practices governing the Plan as it shall, from time to time, deem advisable; to interpret the terms and provisions of the Plan and any award
issued under the Plan (and any agreements relating thereto); and to otherwise supervise the administration of the Plan. The Committee may delegate to executive officers of the Company the authority to exercise the powers specified in (i), (ii),
(iii), (iv) and (v) above with respect to persons who are not executive officers of the Company. 
  
 All decisions made by the Committee pursuant to the provisions of the Plan shall be final and binding on all persons, including the Company and Plan
participants. 
  
 SECTION 3.
Stock Subject to Plan. 
  
 The total number of shares of Stock reserved and available for distribution under the Plan shall be
4,450,9101. Such shares may consist, in whole or in part, of authorized and unissued shares. 
  
  
 1 History: This Plan originally reserved 970,912 shares for issuance. The Board of Directors approved an increase from 970,912 shares to 1,250,912 on
January 19, 1994, and an increase from 1,250,912 shares to 1,601,820 shares on August 19, 1994. The shareholders approved the increase to 1,601,820 shares at a special meeting on December 21, 1994. The Board of Directors approved an
increase from 1,601,820 shares to 2,101,820 shares on July 26, 1995, which was approved by the Shareholders at a special meeting on November 27, 1995. The number of shares reserved under the Plan was again increased from 2,101,820 to
3,101,820 by the Board of Directors on April 3, 1996 and such increase was approved by the Shareholders at a special meeting on April 30, 1996. Simultaneously on April 30, 1996, the Company effected a 1-for-2 Reverse Stock Split,
thereby converting the number of shares reserved to 1,550,910 as of April 30, 1996. Following the Reverse Stock Split, the Board of Directors increased the number of shares reserved to 1,950,910 on September 17, 1997 and the increase was
approved by the shareholders on November 19, 1997. On November 17, 1998, the Board of Directors authorized an increase in the number of shares reserved to 2,450,910, which increase was approved by the shareholders on January 14, 1999.
On September 12, 2000 the Board of Directors authorized an increase in the number of shares reserved to 2, 950,910, which increase was approved by the shareholders on November 14, 2000. On September 11, 2001 the Board of Directors
authorized an increase in the number of shares reserved to 3,450,910, which increase was approved by the shareholders on November 6, 2001. On July 19, 2004 the Board of Directors authorized an increase in the number of shares reserved to
4,450,910, which increase was approved by the shareholders on November 9, 2004. 
  

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 Subject to paragraph (b)(iv) of Section 6 below, if any shares that have been optioned cease to be
subject to Stock Options, or if any shares subject to any Restricted Stock or Deferred Stock award granted hereunder are forfeited or such award otherwise terminates without a payment being made to the participant, such shares shall again be
available for distribution in connection with future awards under the Plan. 
  
 In the event of any merger, reorganization, consolidation, recapitalization, stock dividend, other change in corporate structure affecting the Stock, or spin-off or other distribution of assets to shareholders, such
substitution or adjustment shall be made in the aggregate number of shares reserved for issuance under the Plan, in the number and option price of shares subject to outstanding options granted under the Plan, and in the number of shares subject to
Restricted Stock or Deferred Stock awards granted under the Plan as may be determined to be appropriate by the Committee, in its sole discretion, provided that the number of shares subject to any award shall always be a whole number. Such adjusted
option price shall also be used to determine the amount payable by the Company upon the exercise of any Stock Appreciation Right associated with any Option. 
  
 SECTION 4. Eligibility. 
  
 Officers, other key employees of the Company and Subsidiaries, members of the Board of Directors, and Consultants who are responsible for or contribute to
the management, growth and profitability of the business of the Company and its Subsidiaries are eligible to be granted Stock Options, Stock Appreciation Rights, Restricted Stock or Deferred Stock awards under the Plan. The optionees and
participants under the Plan shall be selected from time to time by the Committee, in its sole discretion, from among those eligible, and the Committee shall determine, in its sole discretion, the number of shares covered by each award. 

 
 Notwithstanding the foregoing, no person may, during any fiscal year of
the Company, receive grants of Stock Options and Stock Appreciation Rights under this Plan which, in the aggregate, exceed 500,000 shares. 
  
 SECTION 5. Stock Options. 
  

Any Stock Option granted under the Plan shall be in such form as the Committee may from time to time approve. 
  
 The Stock Options granted under the Plan may be of two types:
(i) Incentive Stock Options and (ii) Non-Qualified Stock Options. No Incentive Stock Options shall be granted under the Plan after August 1, 2011. 
  
 The Committee shall have the authority to grant any optionee Incentive Stock Options, Non-Qualified Stock Options, or both
types of options (in each case with or without Stock Appreciation Rights). To the extent that any option does not qualify as an Incentive Stock Option, it shall constitute a separate Non-Qualified Stock Option. 
  

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 Anything in the Plan to the contrary notwithstanding, no term of this Plan relating to Incentive Stock
Options shall be interpreted, amended or altered, nor shall any discretion or authority granted under the Plan be so exercised, so as to disqualify either the Plan or any Incentive Stock Option under Section 422 of the Code. The preceding
sentence shall not preclude any modification or amendment to an outstanding Incentive Stock Option, whether or not such modification or amendment results in disqualification of such Option as an Incentive Stock Option, provided the optionee consents
in writing to the modification or amendment. 
  
 No changes that
result from the restatement of this Plan shall effect any change in any outstanding incentive stock option that would cause such option to be modified, extended or renewed to the extent that such change will constitute the grant of a new option as
specified in Section 424(h) of the Code. 
  
 Options granted
under the Plan shall be subject to the following terms and conditions and shall contain such additional terms and conditions, not inconsistent with the terms of the Plan, as the Committee shall deem desirable. 
  
 (a) Option Price. The option price per share of Stock purchasable
under a Stock Option shall be determined by the Committee at the time of grant. In no event shall the option price per share of Stock purchasable under an Incentive Stock Option be less than 100% of such Fair Market Value. If an employee owns or is
deemed to own (by reason of the attribution rules applicable under Section 424(d) of the Code) more than 10% of the combined voting power of all classes of stock of the Company or any Parent Corporation or Subsidiary and an Incentive Stock
Option is granted to such employee, the option price shall be no less than 110% of the Fair Market Value of the Stock on the date the option is granted. 
  
 (b) Option Term. The term of each Stock Option shall be fixed by the Committee, but no Incentive Stock Option shall be exercisable more than ten
years after the date the option is granted. If an employee owns or is deemed to own (by reason of the attribution rules of Section 424(d) of the Code) more than 10% of the combined voting power of all classes of stock of the Company or any
Parent Corporation or Subsidiary and an Incentive Stock Option is granted to such employee, the term of such option shall be no more than five years from the date of grant. 
  
 (c) Exercisability. Stock Options shall be exercisable at such time or times as determined by the Committee at or
after grant. If the Committee provides, in its discretion, that any option is exercisable only in installments, the Committee may waive such installment exercise provisions at any time. Notwithstanding anything contained in the Plan to the contrary,
the Committee may, in its discretion, extend or vary the term of any Stock Option or any installment thereof, whether or not the optionee is then employed by the Company, if such action is deemed to be in the best interests of the Company; provided,
however, that in the event of a merger or sale of assets, or of a Change of Control, the provisions of this section 5(c) shall govern vesting acceleration. 
  

	 	(i)	 In the event of a merger of the Company with or into another corporation, or the sale of substantially all of the assets of the Company, each outstanding Option
shall be assumed or an equivalent option or right shall be substituted by the successor corporation or a Parent or Subsidiary of the successor corporation. In the event that 

  

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the successor corporation does not agree to assume the Option or to substitute an equivalent option or right, the Committee shall, in lieu of such assumption
or substitution, provide for the Optionee to have the right to exercise the Option as to all of the Optioned Stock, including shares as to which it would not otherwise be exercisable. If the Committee makes an Option fully exercisable in lieu of
assumption or substitution in the event of a merger or sale of assets, the Committee shall notify the Optionee that the Option shall be fully exercisable for a period of fifteen (15) days from the date of such notice, and the Option will
terminate upon the expiration of such period. For the purposes of this paragraph, the Option shall be considered assumed if, following the merger or sale of assets, the option or right confers the right to purchase, for each Share of Optioned Stock
subject to the Option immediately prior to the merger or sale of assets, the consideration (whether stock, cash, or other securities or property) received in the merger or sale of assets by holders of Common Stock for each Share held on the
effective date of the transaction (and if holders were offered a choice of consideration, the type of consideration chose by the holders of a majority of the outstanding Shares); provided, however, that if such consideration received in the merger
or sale of assets was not solely common stock of the successor corporation or its Parent, the Committee may, with consent of the successor corporation and the participant, provide for the consideration to be received upon the exercise of the Option,
for each Share of Optioned Stock subject to the Option, to be solely common stock of the successor corporation or its Parent equal in Fair Market Value to the per share consideration received by holders of Common Stock in the merger or sale of
assets. 
  

	 	(ii)	Upon a Change of Control, each outstanding Stock Option shall become exercisable in full as to all of the shares covered thereby without regard to any installment exercise or
vesting provisions. In the event that at any time prior to August 13, 1999, a Change of Control or other business combination of the Company occurs as to which the Company desires that pooling accounting treatment be utilized, the Board may, in
its sole discretion, declare that the provisions of this Section 5(c)(ii), and the related provisions of all then outstanding Stock Options shall be of no force and effect whatsoever and the treatment of any Stock Options outstanding at that
time shall then instead be governed solely by the provisions of Section 5(c)(i). After August 13, 1999, the provisions of Section 5(c)(i) shall be of no further force or effect. This Section 5(c)(ii) will apply to all Stock
Options which are outstanding on August 13, 1997, as well as all Stock Options which are granted on or after that date. For purposes of this Section 5(c), the term “Change of Control” means any of the following:

  

	 	(A)	any “person” (as such term is used in Sections 13(d) and 14(d) of the Exchange Act) becomes a “beneficial owner” (as defined in Rule 13d-3 under the Exchange
Act), directly or indirectly, of securities of the Company representing 50% or more of the combined voting power of the Company’s then outstanding securities and is required to file a Schedule 13D under the Exchange Act; or

  

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	 	(B)	the Incumbent Directors cease for any reason to constitute at least a majority of the Board of Directors. The term, “Incumbent Directors,” shall mean those individuals who
are members of the Board of Directors on August 13, 1997 and any individual who subsequently becomes a member of the Board of Directors whose election or nomination for election by the Company’s shareholders was approved by a vote of at
least a majority of the then Incumbent Directors; or 

  

	 	(C)	all or substantially all of the assets of the Company are sold, leased, exchanged or otherwise transferred and immediately thereafter, there is no substantial continuity of
ownership with respect to the Company and the entity to which such assets have been transferred. 

  

	 	(iii)	The grant of an option pursuant to the Plan shall not limit in any way the right or power of the Company to make adjustments, reclassifications, reorganizations or changes of its
capital or business structure or to merge, exchange or consolidate or to dissolve, liquidate, sell or transfer all or any part of its business or assets. 

  

 (d) Method of Exercise. Stock Options may be exercised in whole or in part at any time during the option period by giving written
notice of exercise to the Company specifying the number of shares to be purchased. Such notice shall be accompanied by payment in full of the purchase price, either by check, or by any other form of legal consideration deemed sufficient by the
Committee and consistent with the Plan’s purpose and applicable law, including promissory notes or a properly executed exercise notice together with irrevocable instructions to a broker acceptable to the Company to promptly deliver to the
Company the amount of sale or loan proceeds to pay the exercise price. As determined by the Committee at the time of grant or exercise, in its sole discretion, payment in full or in part may also be made in the form of Stock already owned by the
optionee (which in the case of Stock acquired upon exercise of an option have been owned for more than six months on the date of surrender) or, in the case of the exercise of a Non-Qualified Stock Option, by delivery of Restricted Stock or Deferred
Stock subject to an award hereunder (based, in each case, on the Fair Market Value of the Stock on the date the option is exercised, as determined by the Committee), provided, however, that, in the case of an Incentive Stock Option, the right to
make a payment in the form of already owned shares may be authorized only at the time the option is granted, and provided further that in the event payment is made in the form of shares of Restricted Stock or a Deferred Stock award, the optionee
will receive a portion of the option shares in the form of, and in an amount equal to, the Restricted Stock or Deferred Stock award tendered as payment by the optionee. If the terms of an option so permit, an optionee may elect to pay all or part of
the option exercise price by having the Company withhold from the shares of Stock that would otherwise be issued upon exercise that number of shares of Stock having a Fair Market Value equal to the aggregate option exercise price for the shares with
respect to which such election is made. No shares of Stock shall be issued until full payment therefor has been made. An optionee shall generally have the rights to dividends and other rights of a shareholder with respect to shares subject to the
option when the optionee has given written notice of exercise, has paid in full for such shares, and, if requested, has given the representation described in paragraph (a) of Section 12. 
  

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 (e) Non-transferability of Options. No Stock Option shall be transferable by the optionee
otherwise than by will or by the laws of descent and distribution, and all Stock Options shall be exercisable, during the optionee’s lifetime, only by the optionee. 
  

 (f) Termination by Death. If an optionee’s employment by the Company and any Subsidiary or Parent Corporation terminates by
reason of death, the Stock Option may thereafter be immediately exercised, to the extent then exercisable, by the legal representative of the estate or by the legatee of the optionee under the will of the optionee, for a period of twelve months from
the date of such death or until the expiration of the stated term of the option, whichever period is shorter. 
  
 (g) Termination by Reason of Disability. If an optionee’s employment by the Company and any Subsidiary or Parent Corporation terminates by
reason of Disability, any Stock Option held by such optionee may thereafter be exercised, to the extent it was exercisable at the time of termination due to Disability, but may not be exercised after twelve months from the date of such termination
of employment or the expiration of the stated term of the option, whichever period is the shorter. In the event of termination of employment by reason of Disability, if an Incentive Stock Option is exercised after the expiration of the exercise
periods that apply for purposes of Section 422 of the Code, the option will thereafter be treated as a Non-Qualified Stock Option. 
  
 (h) Termination by Reason of Retirement. If an optionee’s employment by the Company and any Subsidiary or Parent Corporation terminates by
reason of Retirement and the terms of the Stock Option so provide, any Stock Option held by such optionee may thereafter be exercised to the extent it was exercisable at the time of such Retirement, but may not be exercised after twelve months from
the date of such termination of employment or the expiration of the stated term of the option, whichever period is the shorter. In the event of termination of employment by reason of Retirement, if an Incentive Stock Option is exercised after the
expiration of the exercise periods that apply for purposes of Section 422 of the Code, the option will thereafter be treated as a Non-Qualified Stock Option. 
  
 (i) Other Termination. In the event an Optionee’s continuous status as an Employee or Consultant terminates
(other than upon the Optionee’s death or Disability), the Optionee may exercise his or her Option, but only within such period of time as is determined by the Committee, and only to the extent that the Optionee was entitled to exercise it at
the date of termination (but in no event later than the expiration of the term of such Option as set forth in the Notice of Grant). In the case of an Incentive Stock Option, the Committee shall determine such period of time (in no event to exceed
ninety (90) days from the date of termination) when the Option is granted. 
  
 (j) Annual Limit on Incentive Stock Options. The aggregate Fair Market Value (determined as of the time the Stock Option is granted) of the Common Stock with respect to which an Incentive Stock Option under
this Plan or any other plan of the Company and any Subsidiary or Parent Corporation is exercisable for the first time by an optionee during any calendar year shall not exceed $100,000. 
  

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 (k) Directors Who Are Not Employees. Each year on the date of the annual meeting of shareholders,
each person who is not an employee of the Company, any Parent Corporation or Subsidiary and is serving as a member of the Board of Directors of the Company immediately following such annual meeting, will automatically, without any Committee action,
be granted a Non-Qualified Stock Option to purchase 10,000 shares of the Company’s Common Stock at an option price per share equal to 100% of the Fair Market Value of a share of Stock on such date. All such Options shall be designated as
Non-Qualified Stock Options and shall be subject to the same terms and provisions as are then in effect with respect to the grant of Non-Qualified Stock Options to employees of the Company, except that (i) the term of each such Option shall be
equal to ten years; and (ii) the Option shall immediately become exercisable in full at the time of grant. Upon termination of a person’s service as a Director of the Company, such Director will be allowed to exercise such Option for a
period of one year after the date on which such person ceased to be a Director, after which date the Option, if not exercised, shall terminate. The Committee may elect to grant a similar Non-Qualified Stock Option, consisting of such number of
shares as the Committee deems appropriate under the circumstances, to any person who is elected to the Board of Directors between annual meetings of shareholders. Subject to the foregoing, all provisions of this Plan not inconsistent with the
foregoing shall apply to Options granted pursuant to this Section 5(k). 
  
 SECTION 6. Stock Appreciation Rights. 
  
 (a) Grant and Exercise. Stock Appreciation Rights may be granted in conjunction with all or part of any Stock Option granted under the Plan. In the
case of a Non-Qualified Stock Option, such rights may be granted either at or after the time of the grant of such Option. In the case of an Incentive Stock Option, such rights may be granted only at the time of the grant of the option. 

 
 A Stock Appreciation Right or applicable portion thereof granted with
respect to a given Stock Option shall terminate and no longer be exercisable upon the termination or exercise of the related Stock Option, except that a Stock Appreciation Right granted with respect to less than the full number of shares covered by
a related stock Option shall not be reduced until the exercise or termination of the related Stock Option exceeds the number of shares not covered by the Stock Appreciation Right. 
  
 A Stock Appreciation Right may be exercised by an optionee, in accordance with paragraph (b) of this Section 6, by
surrendering the applicable portion of the related Stock Option. Upon such exercise and surrender, the optionee shall be entitled to receive an amount determined in the manner prescribed in paragraph (b) of this Section 6. Stock Options
which have been so surrendered, in whole or in part, shall no longer be exercisable to the extent the related Stock Appreciation Rights have been exercised. 
  
 (b) Terms and Conditions. Stock Appreciation Rights shall be subject to such terms and conditions, not inconsistent with the provisions of the
Plan, as shall be determined from time to time by the Committee, including the following: 
  

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 (i) Stock Appreciation Rights shall be exercisable only at such time or times and to the
extent that the Stock Options to which they relate shall be exercisable in accordance with the provisions of Section 5 and this Section 6 of the Plan. 
  

(ii) Upon the exercise of a Stock Appreciation Right, an optionee shall be entitled to receive up to, but not more than, an amount in
cash or shares of Stock equal in value to the excess of the Fair Market Value of one share of Stock over the option price per share specified in the related option multiplied by the number of shares in respect of which the Stock Appreciation Right
shall have been exercised, with the Committee having the right to determine the form of payment. 
  
 (iii) Stock Appreciation Rights shall be transferable only when and to the extent that the underlying Stock Option would be transferable
under Section 5 of the Plan. 
  
 (iv) Upon
the exercise of a Stock Appreciation Right, the Stock Option or part thereof to which such Stock Appreciation Right is related shall be deemed to have been exercised for the purpose of the limitation set forth in Section 3 of the Plan on the
number of shares of Stock to be issued under the Plan, but only to the extent of the number of shares issued or issuable under the Stock Appreciation Right at the time of exercise based on the value of the Stock Appreciation Right at such time.

  
 (v) A Stock Appreciation Right granted in
connection with an Incentive Stock Option may be exercised only if and when the market price of the Stock subject to the Incentive Stock Option exceeds the exercise price of such Option. 
  
 SECTION 7. Restricted Stock. 
  
 (a) Administration. Shares of Restricted Stock may be issued either
alone or in addition to other awards granted under the Plan. The Committee shall determine the officers, key employees and Consultants of the Company and Subsidiaries to whom, and the time or times at which, grants of Restricted Stock will be made,
the number of shares to be awarded, the time or times within which such awards may be subject to forfeiture, and all other conditions of the awards. The Committee may also condition the grant of Restricted Stock upon the attainment of specified
performance goals. The provisions of Restricted Stock awards need not be the same with respect to each recipient. 
  
 (b) Awards and Certificates. The prospective recipient of an award of shares of Restricted Stock shall not have any rights with respect to such
award, unless and until such recipient has executed an agreement evidencing the award and has delivered a fully executed copy thereof to the Company, and has otherwise complied with the then applicable terms and conditions. 
  
 (i) Each participant shall be issued a stock certificate in
respect of shares of Restricted Stock awarded under the Plan. Such certificate shall be registered in the name of the participant, and shall bear an appropriate legend referring to the terms, conditions, and restrictions applicable to such award,
substantially in the following form: 
  

 11 

 “The transferability of this certificate and the shares of stock represented hereby are subject to
the terms and conditions (including forfeiture) of the Amended and Restated Urologix, Inc. 1991 Stock Plan and an Agreement entered into between the registered owner and Urologix, Inc. Copies of such Plan and Agreement are on file in the offices of
Urologix, Inc., 14405 21st Avenue North, Minneapolis, MN 55447.” 
  
 (ii) The Committee shall require that the stock certificates evidencing such shares be held in custody by the Company until the restrictions thereon shall have lapsed, and that, as a condition of any Restricted Stock
award, the participant shall have delivered a stock power, endorsed in blank, relating to the Stock covered by such award. 
  
 (c) Restrictions and Conditions. The shares of Restricted Stock awarded pursuant to the Plan shall be subject to the following restrictions and
conditions: 
  
 (i) Subject to the provisions of
this Plan and the award agreement, during a period set by the Committee commencing with the date of such award (the “Restriction Period”), the participant shall not be permitted to sell, transfer, pledge or assign shares of Restricted
Stock awarded under the Plan. The Committee may provide for the lapse of such restrictions in installments where deemed appropriate. 
  
 (ii) Except as provided in paragraph (c)(i) of this Section 7, the participant shall have, with respect to the shares of Restricted
Stock, all of the rights of a shareholder of the Company, including the right to vote the shares and the right to receive any cash dividends. The Committee, in its sole discretion, may permit or require the payment of cash dividends to be deferred
and, if the Committee so determines, reinvested in additional shares of Restricted Stock (to the extent shares are available under Section 3 and subject to paragraph (f) of Section 12). Certificates for shares of unrestricted Stock
shall be delivered to the grantee promptly after, and only after, the period of forfeiture shall have expired without forfeiture in respect of such shares of Restricted Stock. 
  
 (iii) Subject to the provisions of the award agreement and paragraph (c)(iv) of this Section 7, upon
termination of employment for any reason during the Restriction Period, all shares still subject to restriction shall be forfeited by the participant. 
  
 (iv) In the event of special hardship circumstances of a participant whose employment is terminated (other than for Cause), including
death, Disability or Retirement, or in the event of an unforeseeable emergency of a participant still in service, the Committee may, in its sole discretion, when it finds that a waiver would be in the best interest of the Company, waive in whole or
in part any or all remaining restrictions with respect to such participant’s shares of Restricted Stock. 
  
 (v) Notwithstanding the foregoing, in the event of the sale by the Company of substantially all of its assets and the consequent
discontinuance of its business, or in the event of a merger, exchange, consolidation or liquidation of the Company, the Board shall, in its 

  

 12 

 
sole discretion, in connection with the Board’s adoption of the plan for sale, merger, exchange, consolidation or liquidation, provide for one or more
of the following with respect to Restricted Stock Awards that are, on such date, still subject to a Restriction Period: (i) the removal of the restrictions on any or all outstanding Restricted Stock Awards; (ii) the complete termination of
this Plan and forfeiture of outstanding Restricted Stock Awards prior to a date specified by the Board; and (iii) the continuance of the Plan with respect to the Restricted Stock Award which were outstanding as of the date of adoption by the
Board of such plan for sale, merger, exchange, consolidation or liquidation and provide to participants holding Restricted Stock Awards the right to an equivalent number of restricted shares of stock of the corporation succeeding the Company by
reason of such sale, merger, exchange, consolidation or liquidation. The grant of a Restricted Stock Award pursuant to the Plan shall not limit in any way the right or power of the Company to make adjustments, reclassifications, reorganizations or
changes of its capital or business structure or to merge, exchange or consolidate or to dissolve, liquidate, sell or transfer all or any part of its business or assets. 
  

 SECTION 8. Deferred Stock Awards. 
  
 (a) Administration. Deferred Stock may be awarded either alone or in addition to other awards granted under the Plan.
The Committee shall determine the officers, key employees, members of the Board of Directors and Consultants of the Company and Subsidiaries to whom and the time or times at which Deferred Stock shall be awarded, the number of Shares of Deferred
Stock to be awarded to any participant or group of participants, the duration of the period (the “Deferral Period”) during which, and the conditions under which, receipt of the Stock will be deferred, and the terms and conditions of the
award in addition to those contained in paragraph (b) of this Section 8. The Committee may also condition the grant of Deferred Stock upon the attainment of specified performance goals. The provisions of Deferred Stock awards need not be
the same with respect to each recipient. 
  
 (b) Terms and
Conditions. 
  
 (i) Subject to the provisions
of this Plan and the award agreement, Deferred Stock awards may not be sold, assigned, transferred, pledged or otherwise encumbered during the Deferral Period. At the expiration of the Deferral Period (or Elective Deferral Period, where applicable),
share certificates shall be delivered to the participant, or his legal representative, in a number equal to the shares covered by the Deferred Stock award. 
  
 (ii) Amounts equal to any dividends declared during the Deferral Period with respect to the number of shares covered by a Deferred Stock
award will be paid to the participant currently or deferred and deemed to be reinvested in additional Deferred Stock or otherwise reinvested, all as determined at the time of the award by the Committee, in its sole discretion. 
  

 13 

 (iii) Subject to the provisions of the award agreement and paragraph (b)(iv) of this
Section 8, upon termination of employment for any reason during the Deferral Period for a given award, the Deferred Stock in question shall be forfeited by the participant. 
  
 (iv) In the event of special hardship circumstances of a participant whose employment is terminated (other
than for Cause) including death, Disability or Retirement, or in the event of an unforeseeable emergency of a participant still in service, the Committee may, in its sole discretion, when it finds that a waiver would be in the best interest of the
Company, waive in whole or in part any or all of the remaining deferral limitations imposed hereunder with respect to any or all of the participant’s Deferred Stock. 
  

 (v) A participant may elect to further defer receipt of the award for a specified period or until a specified event (the
“Elective Deferral Period”), subject in each case to the Committee’s approval and to such terms as are determined by the Committee, all in its sole discretion. Subject to any exceptions adopted by the Committee, such election must
generally be made prior to completion of one half of the Deferral Period for a Deferred Stock award (or for an installment of such an award). 
  
 (vi) Each award shall be confirmed by, and subject to the terms of, a Deferred Stock agreement executed by the Company and the
participant. 
  
 SECTION 9.
Transfer, Leave of Absence, etc. 
  
 For purposes of the Plan, the following events shall not be deemed a termination of employment: 
  
 (a) a transfer of an employee from the Company to a Parent Corporation or Subsidiary, or from a Parent Corporation or Subsidiary to the Company, or from
one Subsidiary to another; 
  
 (b) a leave of absence, approved in
writing by the Committee, for military service or sickness, or for any other purpose approved by the Company if the period of such leave does not exceed ninety (90) days (or such longer period as the Committee may approve, in its sole
discretion); and 
  
 (c) a leave of absence in excess of ninety
(90) days, approved in writing by the Committee, but only if the employee’s right to reemployment is guaranteed either by a statute or by contract, and provided that, in the case of any leave of absence, the employee returns to work within
30 days after the end of such leave. 
  

 SECTION 10. Amendments and Termination. 
  
 The Board may amend, alter, or discontinue the Plan, but no amendment, alteration, or discontinuation shall be made
(i) which would impair the rights of an optionee or participant under a Stock Option, Restricted Stock or other Stock-based award theretofore granted, without the optionee’s or participant’s consent, or (ii) which without the
approval of the stockholders of 

  

 14 

 
the Company would cause the Plan to no longer comply with Rule 16b-3 under the Securities Exchange Act of 1934, Section 422 of the Code or any other
regulatory requirements. 
  
 The Committee may amend the terms of
any award or option theretofore granted, prospectively or retroactively to the extent such amendment is consistent with the terms of this Plan, but no such amendment shall impair the rights of any holder without his or her consent except to the
extent authorized under the Plan. The Committee may also substitute new Stock Options for previously granted options, including previously granted options having higher option prices. 
  
 SECTION 11. Unfunded Status of Plan. 
  
 The Plan is intended to constitute an “unfunded” plan for incentive
and deferred compensation. With respect to any payments not yet made to a participant or optionee by the Company, nothing contained herein shall give any such participant or optionee any rights that are greater than those of a general creditor of
the Company. In its sole discretion, the Committee may authorize the creation of trusts or other arrangements to meet the obligations created under the Plan to deliver Stock or payments in lieu of or with respect to awards hereunder, provided,
however, that the existence of such trusts or other arrangements is consistent with the unfunded status of the Plan. 
  
 SECTION 12. General Provisions. 
  
 (a) The Committee may require each person purchasing shares pursuant to a Stock Option under the Plan to represent to and
agree with the Company in writing that the optionee is acquiring the shares without a view to distribution thereof. The certificates for such shares may include any legend which the Committee deems appropriate to reflect any restrictions on
transfer. 
  
 All certificates for shares of Stock delivered under
the Plan pursuant to any Restricted Stock, Deferred Stock or other Stock-based awards shall be subject to such stock-transfer orders and other restrictions as the Committee may deem advisable under the rules, regulations, and other requirements of
the Securities and Exchange Commission, any stock exchange upon which the Stock is then listed, and any applicable Federal or state securities laws, and the Committee may cause a legend or legends to be put on any such certificates to make
appropriate reference to such restrictions. 
  
 (b) Subject to
paragraph (d) below, recipients of Restricted Stock, Deferred Stock and other Stock-based awards under the Plan (other than Stock Options) are not required to make any payment or provide consideration other than the rendering of services.

  
 (c) Nothing contained in this Plan shall prevent the Board of
Directors from adopting other or additional compensation arrangements, subject to stockholder approval if such approval is required; and such arrangements may be either generally applicable or applicable only in specific cases. The adoption of the
Plan shall not confer upon any employee of the Company or any Subsidiary any right to continued employment with the Company or a Subsidiary, as the case 

  

 15 

 
may be, nor shall it interfere in any way with the right of the Company or a Subsidiary to terminate the employment of any of its employees at any time.

  
 (d) Each participant shall, no later than the date as of which
any part of the value of an award first becomes includible as compensation in the gross income of the participant for Federal income tax purposes, pay to the Company, or make arrangements satisfactory to the Committee regarding payment of, any
Federal, state, or local taxes of any kind required by law to be withheld with respect to the award. The obligations of the Company under the Plan shall be conditional on such payment or arrangements and the Company and Subsidiaries shall, to the
extent permitted by law, have the right to deduct any such taxes from any payment of any kind otherwise due to the participant. With respect to any award under the Plan, if the terms of such award so permit, a participant may elect by written notice
to the Company to satisfy part or all of the withholding tax requirements associated with the award by (i) authorizing the Company to retain from the number of shares of Stock that would otherwise be deliverable to the participant, or
(ii) delivering to the Company from shares of Stock already owned by the participant, that number of shares having an aggregate Fair Market Value equal to part or all of the tax payable by the participant under this Section 12(d). Any such
election shall be in accordance with, and subject to, applicable tax and securities laws, regulations and rulings. 
  
 (e) At the time of grant, the Committee may provide in connection with any grant made under this Plan that the shares of Stock received as a result of
such grant shall be subject to a repurchase right in favor of the Company, pursuant to which the participant shall be required to offer to the Company upon termination of employment for any reason any shares that the participant acquired under the
Plan, with the price being the then Fair Market Value of the Stock or, in the case of a termination for Cause, an amount equal to the cash consideration paid for the Stock, subject to such other terms and conditions as the Committee may specify at
the time of grant. The Committee may, at the time of the grant of an award under the Plan, provide the Company with the right to repurchase, or require the forfeiture of, shares of Stock acquired pursuant to the Plan by any participant who, at any
time within two years after termination of employment with the Company, directly or indirectly competes with, or is employed by a competitor of, the Company. 
  
 (f) The reinvestment of dividends in additional Restricted Stock (or in Deferred Stock or other types of Plan awards) at the time of any dividend payment
shall only be permissible if the Committee (or the Company’s chief financial officer) certifies in writing that under Section 3 sufficient shares are available for such reinvestment (taking into account then outstanding Stock Options and
other Plan awards). 
  

 16Amendment No.2 to Majority Stockholder Consent Agreement

 EXHIBIT 10.1 
 EXECUTION COPY 
 AMENDMENT NO. 2
TO MAJORITY STOCKHOLDER CONSENT AGREEMENT 
 [XU HONG BIN] 
 THIS AMENDMENT
NO. 2 TO MAJORITY STOCKHOLDER CONSENT AGREEMENT (this “Amendment”) is made and entered into as of September 26, 2008, by
and among HECKMANN CORPORATION, a Delaware corporation (“Parent”), and XU HONG BIN (the
“Consenting Stockholder”), and amends that certain Majority Stockholder Consent Agreement (the “Agreement”) by and between Parent and the Consenting Stockholder dated as of May 19, 2008, as
amended by Amendment No. 1 to Majority Stockholder Consent Agreement dated as of September 19, 2008. 
 RECITALS

 A. Parent, Heckmann Acquisition II Corp., a Delaware corporation and a wholly owned Subsidiary of Parent (“Merger
Sub”) and China Water and Drinks, Inc., a Nevada corporation (the “Company”) have entered into an agreement and plan of merger and reorganization (the “Merger Agreement”), pursuant to
which the Company will be merged with and into Merger Sub (the “Merger”) with the Company ceasing to exist and Merger Sub remaining as a wholly owned subsidiary of Parent. 
 B. Pursuant to Section 7.2 of the Agreement, Parent and the Consenting Stockholder may amend the Agreement by signing an instrument in
writing. 
 C. In light of extraordinary conditions in world credit and capital markets, the desire of Parent to preserve its cash in
light of these conditions, the de minimis price paid for Company Common Stock by the Consenting Stockholder, and other factors, the Consenting Stockholder has agreed to sell some of his shares of Company Common Stock that he owns directly or
indirectly to Parent immediately prior to the Effective Time of the Merger at a price significantly lower than the Merger consideration. 
 D. Capitalized terms used in this Amendment and not otherwise defined shall have the meaning ascribed to such terms in the Agreement. 
 Now therefore, in accordance with the procedures for amendment of the Agreement set forth in Section 7.2 thereof, and in consideration of the foregoing and the mutual agreements herein set forth, the parties
hereby agree as follows: 
 SECTION 1: AMENDMENT 
 1.1 Recital D of the Agreement is amended and restated in its entirety to read as follows: 
 “Concurrently with the execution of this Agreement, Parent, the Company and certain specified holders of Company Common Stock are
entering into an undertaking agreement (the “Undertaking Agreement”), pursuant to which each such holder will (i) immediately prior to the Effective Time, sell to Parent each share of Company Common Stock held by such
holder, and (ii) provide a general release of claims against the Company, Parent and Merger Sub.” 
 1.2 Clause (ii) of
Recital G is amended and restated in its entirety to read as follows: 
 “(ii) sell the Transferred Shares to Parent and
elect to receive stock in the Merger with respect to the Stock Electing Shares.” 

 1.3 Section 2 of the Agreement is amended and restated in its entirety to read as follows:

 “SECTION 2: SALE AND PURCHASE OF SHARES;
ELECTION PURSUANT TO MERGER 
 AGREEMENT 
 2.1 Sale. Upon the terms and subject to the conditions set forth in this Agreement, immediately prior to the Effective Time
(the “Share Sale Closing”) : 
 2.1(a) The Consenting Stockholder shall sell, assign, transfer,
convey and deliver to Parent, and Parent shall purchase from the Consenting Stockholder, the Transferred Shares, free and clear of any and all Liens. The Transferred Shares, together with the Stock Electing Shares, constitute 100% of the Shares
held, beneficially and of record, by the Consenting Stockholder. The Consenting Stockholder will execute such further instruments and provide such further information, including declarations related to Taxes, as Parent shall reasonably request in
connection with the foregoing. The Consenting Stockholder acknowledges that his election to sell the Transferred Shares under this Agreement was made on a completely voluntary basis. 
 2.1(b) In consideration for the transfer of Shares pursuant to Section 2.1(a), Parent shall pay to the Consenting
Stockholder the amount in cash set forth opposite the Consenting Stockholder’s name on Schedule A by wire transfer of immediately available funds to such bank accounts as the Consenting Stockholder shall designate in writing to
Parent within 3 days of the purchase. 
 2.2 Election. The Consenting Stockholder hereby elects (the
“Stock Election”) to, in the event the Merger occurs, receive in the Merger shares of Parent Common Stock at the Exchange Ratio in respect of the Stock Electing Shares. The Consenting Stockholder agrees that, subject to the
consummation of the Merger, the Stock Election is unconditional and irrevocable. The Consenting Stockholder acknowledges that his Stock Election pursuant to this Section 2.2 was made on a completely voluntary basis. The Consenting
Stockholder will execute such further instruments and provide such further information relevant to the Stock Election, including declarations related to Taxes, as Parent shall reasonably request in connection with the foregoing. 
 2.3 Effectiveness; Agreement Not to Revoke. The Consenting Stockholder acknowledges and agrees that the Stock Election is
effective upon the execution and delivery thereof to Parent in accordance with Section 2.2 above, and the Consenting Stockholder will not revoke, seek to revoke, or take any action, directly or indirectly, for the purpose of, or having
the effect of, revoking or seeking to revoke, the Stock Election. The Consenting Stockholder also covenants and agrees to re-execute and re-deliver the Stock Election as and when requested by Parent in order that such Stock Election remains
continuously in effect at all times from the date hereof through the first to occur of (a) the Effective Time, or (b) the Termination. 
 2.4 Termination. This Agreement shall terminate, without liability to any party other than for willful breach, upon any termination of the Merger Agreement. The provisions of Section 7
(Miscellaneous) and Section 5.3 (Public Disclosure) shall survive any termination. 
 2.5
Conditions. Parent’s obligation to consummate the Contemplated Transactions shall be subject to: 
 2.5(a)
satisfaction of all pre-closing conditions to the Merger Agreement, including all necessary shareholder approvals; 
  

 2 

 2.5(b) the receipt of all necessary consents or approvals, the making of any
required filings or applications, and the absence of any legal or regulatory restriction, pending or threatened, in connection with the Contemplated Transactions, including the absence of any pending or threatened restrictions pertaining to
ownership of the Shares or operation of the business of the Company; and 
 2.5(c) the representations and warranties
of the Consenting Stockholder being true and correct as of the Share Sale Closing, and all obligations required to be performed by the Consenting Stockholder prior to the Share Sale Closing having been so performed.” 
 1.4 Section 5.6(b) of the Agreement is hereby amended and restated in its entirety to read as follows: 
 “5.6(b) Each Releasing Party acknowledges that (i) the cash price paid per share pursuant to Section 2.1(a)
is less than the cash election price in the Merger and, as of the date hereof, than the stock election under which Parent Common Stock will be issued, (ii) Parent Common Stock could trade at prices lower or higher than the current price,
and (iii) Parent may take any number of actions that could have an effect on the price of its stock, including the issuance of Parent Company Stock and mergers or acquisitions. To the extent that Releasing Party is receiving cash hereunder, he
will not participate in any appreciation of Parent’s Common Stock. Any and all Causes of Action, without limitation arising from or relating to such differences in value or such other transactions or such increases or decreases in value are
encompassed within the scope of the release set forth herein.” 
 1.5 The parenthetical “(to the extent of the Merger
Consideration received by the Consenting Stockholder in connection with the Merger)” in Section 6.2(a) of the Agreement is hereby amended and restated in its entirety to read as follows: “(to the extent of the consideration received
by Consenting Stockholder in connection with the Merger and under Section 2.1(a)).” 
 1.6 Section 6.2(c) of the
Agreement is hereby amended and restated in its entirety to read as follows: 
 6.2(c) Monetary Limitation. No
claim for Losses may be brought under this Section 6.2 unless and until the aggregate amount of all claims for Losses of a Parent Indemnified Party is at least $5 million (without double counting for the same threshold in the stockholder
written consent agreements between Parent and Chen Xing Hua) whereupon all claims for Losses of such Parent Indemnified Party may be brought by such Parent Indemnified Party, and the maximum liability of the Stockholder Indemnifying Parties shall be
the sum of (i) the total Value of consideration received by the Consenting Stockholder under the Merger as of the Effective Time (based on Parent Common Stock valued in the manner described in Section 6.2(e) below, but with the
15-day trading period ending on the day before the day on which the Effective Time occurs), and (ii) the purchase price paid by Parent for the Transferred Shares. 
 1.7 The following defined terms are added to EXHIBIT A: 
 Stock
Electing Shares. “Stock Electing Shares” shall mean the number of Shares set forth opposite the Consenting Stockholder’s name on Schedule A under the heading “Stock Electing Shares.”

  

 3 

 Transferred Shares. “Transferred Shares” shall mean the number of Shares
set forth opposite the Consenting Stockholder’s name on Schedule A under the heading “Transferred Shares.” 
 1.8 Schedule A of the Agreement is amended and replaced in its entirety with Schedule A attached hereto. 
 SECTION 2: MISCELLANEOUS PROVISIONS 
 2.1 Effectiveness. This Amendment shall become effective upon
execution. 
 2.2 Limited Nature of Amendment. Except as expressly amended hereby, the Agreement remains in full force and
effect in accordance with its terms and this Amendment shall not by implication or otherwise alter, modify, amend or in any way affect any of the terms, conditions, obligations, representations, warranties, covenants or agreements contained in the
Agreement, all of which are ratified and affirmed in all respects and shall continue in full force and effect. 
 2.3 Governing
Law. Except to the extent that the corporate laws of the State of Delaware apply to a party, this Amendment shall be governed by, and construed in accordance with, the laws of the State of New York, regardless of the laws that might otherwise
govern under applicable principles of conflicts of law thereof. 
 2.4 Execution of Agreement; Counterparts; Electronic
Signatures. 
 2.4(a) This Amendment may be executed in several counterparts, each of which shall be deemed an original and all of
which shall constitute one and the same instrument, and shall become effective when counterparts have been signed by each of the parties and delivered to the other parties; it being understood that all parties need not sign the same counterpart.

 2.4(b) The exchange of copies of this Amendment and of signature pages by facsimile transmission (whether directly from one
facsimile device to another by means of a dial-up connection or whether mediated by the worldwide web), by electronic mail in “portable document format” (“.pdf” format), or by any other electronic means intended to
preserve the original graphic and pictorial appearance of a document, or by a combination of such means, shall constitute effective execution and delivery of this Amendment as to the parties and may be used in lieu of an original Amendment for all
purposes. Signatures of the parties transmitted by facsimile shall be deemed to be their original signatures for all purposes. 
 2.4(c)
Notwithstanding the Electronic Signatures in Global and National Commerce Act (15 U.S.C. Sec. 7001 et seq.), the Uniform Electronic Transactions Act, or any other Legal Requirement relating to or enabling the creation, execution,
delivery, or recordation of any contract or signature by electronic means, and notwithstanding any course of conduct engaged in by the parties, no party shall be deemed to have executed this Amendment or any other document contemplated by this
Amendment (including any amendment or other change thereto) unless and until such party shall have executed this Amendment or such document on paper by a handwritten original signature or any other symbol executed or adopted by a party with current
intention to authenticate this Amendment or such other document contemplated. 
  

 4 

 2.5 Legal Representation of the Parties. This Amendment was negotiated by the parties with
the benefit of legal representation and any rule of construction or interpretation otherwise requiring this Amendment to be construed or interpreted against any party shall not apply to any construction or interpretation hereof. 
 2.6 Headings. The headings contained in this Amendment are for convenience of reference only, shall not be deemed to be a party of this
Amendment and shall not be referred to in connection with the construction or interpretation of this Amendment. 
 [Remainder of page
intentionally left blank – signature page follows] 
  

 5 

 IN WITNESS WHEREOF, the parties have
caused this Amendment to be executed as of the date first above written: 
  

			
	PARENT:
	
	HECKMANN CORPORATION
		
	By:	 	  

	Name:	 	  

	Title:	 	  

	
	CONSENTING STOCKHOLDER:
	
	  

	XU HONG BIN

  

 6 

 SCHEDULE A 
  

								
	 Name of Consenting Stockholder
	  	Transferred
Shares	  	Stock Electing
Shares	  	Purchase Price
(US$)
	 Xu Hong Bin
	  	5,400,000	  	30,600,000	  	$	15,000,000

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