Document:

EXHIBIT 10.1

BIOJECT MEDICAL TECHNOLOGIES INC.

RESTATED 1992 STOCK INCENTIVE PLAN

(AS AMENDED AS OF SEPTEMBER 13, 2001, MARCH 13, 2003

APRIL 26, 2005 AND MARCH 8, 2007)

1.                                      Purpose.  The
purpose of this Restated 1992 Stock Incentive Plan (the “Plan”) is to enable
Bioject Medical Technologies Inc., an Oregon corporation (the “Company”), to
attract and retain the services of (a) selected employees, officers and
directors of the Company or of any parent or subsidiary corporation of the
Company, and (b) selected nonemployee agents, consultants, advisers and
independent contractors of the Company or any parent or subsidiary.

2.                                      Shares Subject to the Plan. 
Subject to adjustment as provided below and in paragraph 10, up to  3,900,000
shares of Common Stock of the Company (the “Shares”) shall be offered and
issued under the Plan.  If an option or a
stock appreciation right granted under the Plan expires, terminates or is
cancelled, the unissued Shares subject to such option or stock appreciation right
shall again be available under the Plan. 
If Shares sold or awarded as a bonus under the Plan are forfeited to the
Company or repurchased by the Company, the number of Shares forfeited or
repurchased shall again be available under the Plan.

3.                                      Effective Date and Duration of
Plan.

(a)                                  Effective Date.  The
Plan shall become effective when adopted by the Board of Directors of the
Company (the “Board”).  However, no
option granted under the Plan shall become exercisable until the Plan is
approved by the affirmative vote of the holders of a majority of the Common
Stock of the Company represented at a shareholder meeting at which a quorum is
present, and any such awards under the Plan prior to such approval shall be
conditioned on and subject to such approval. 
Subject to this limitation,
options and stock appreciation rights may be granted and Shares may be awarded
as bonuses or sold under the Plan at any time after the effective date and
before termination of the Plan.

(b)                                 Duration.  No
options or stock appreciation rights may be granted under the Plan, no stock
bonuses may be awarded under the Plan, and no Shares may be sold pursuant to
paragraph 8 of the Plan on or after June 30, 2010.  However, the Plan shall continue in effect
until all Shares available for issuance under the Plan have been issued and all
restrictions on such Shares have lapsed. 
The Board may suspend or terminate the Plan at any time, except with
respect to options, stock appreciation rights and Shares subject to restrictions
then outstanding under the Plan.  Termination shall not affect any outstanding
options, stock appreciation rights, any right of the Company to repurchase
Shares or the forfeitability of Shares issued under the Plan.

4.                                      Administration.

(a)                                  The Plan shall be administered by a committee
appointed by the Board consisting of not less than two directors (the “Committee”).  The Committee shall determine and designate
from time to time the individuals to whom awards shall be made, the amount of
the awards, and the other terms and con­ditions of the awards; provided, however, that only
the Board may amend or terminate the Plan as provided in paragraphs 3 and 13.  At any time when the officers and directors
of the Company are subject to Section 16(b) of the Securities Exchange Act
of 1934 (the “Exchange Act”), the Committee shall consist solely of “non-employee”
directors as such term is defined from time to time in SEC Rule 16b-3(b)(3)(i)
or successor rule.

(b)                                 Subject to the provisions of the Plan, the
Committee may from time to time adopt and amend rules and regulations relating
to administration of the Plan, advance the lapse of any waiting period,
accelerate any vesting or exercise date, waive or modify any restriction
applicable to Shares (except those restrictions imposed by law) and make all other
determinations in the judgment of the Committee necessary or desirable for the
admini­stration of the Plan.  The
interpretation and construction of the provisions of the Plan and related
agreements by the Committee shall be final and conclusive.  The Committee may correct any defect or
supply any omission or reconcile any inconsistency in 

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the Plan or in any related agree­ment in the
manner and to the extent it shall deem expedient to carry the Plan into effect,
and it shall be the sole and final judge of such expediency.

(c)                                  Notwithstanding anything to the contrary
contained in this paragraph 4, the Board of Directors may delegate to the Chief
Executive Officer of the Company, as a one-member committee of the Board of
Directors, the authority to grant awards to any eligible employee who is not,
at the time of such grant, subject to the reporting requirements and liability
provisions contained in Section 16 of the Securities Exchange Act of 1934 and
the regulations thereunder.

5.                                      Types of Awards; Eligibility.  The
Committee may, from time to time, take the following actions under the
Plan:  (i) grant Incentive Stock Options
as defined in Section 422 of the Internal Revenue Code of 1986, as amended (the
“Code”), as provided in paragraph 6(b); (ii) grant options other than Incentive
Stock Options (“Nonstatutory Stock Options”) as provided in
paragraph 6(c); (iii) award stock bonuses as provided in
paragraph 7; (iv) sell Shares as provided in paragraph 8; and
(v) grant stock appreciation rights as provided in paragraph 9.  Any such awards may be made to employees
(including employees who are officers or directors) of the Company or of any
parent or subsidiary corporation of the Company, and to other individuals
described in paragraph 1 who the Committee believes have made or will make
an important contribution to the Company or its parent or subsidiaries; provided, however, that only
employees of the Company or a parent or subsidiary shall be eligible to receive
Incentive Stock Options under the Plan. 
The Committee shall select the individuals to whom awards shall be made
and shall specify the action taken with respect to each individual to whom an
award is made under the Plan.  At the
discretion of the Committee, an individual may be given an election to surrender
an award in exchange for the grant of a new award.  No employee may be granted options or stock
appreciation rights under the Plan for more than 200,000 shares of Common Stock
in any calendar year.

6.                                      Option Grants.

(a)                                  Grant.  Each
option granted under the Plan shall be evidenced by a stock option agreement in
such form as the Committee shall prescribe from time to time in accordance with
the Plan.  With respect to each option
grant, the Committee shall determine the number of Shares subject to the option,
the option price, the period of the option, and the time or times at which the
option may be exercised and whether the option is an Incentive Stock Option or
a Nonstatutory Stock Option.

(b)                                 Incentive Stock Options. 
Incentive Stock Options granted under the Plan shall be subject to the
following terms and conditions:

(i)                                     No employee may be granted Incentive Stock
Options under the Plan such that the aggregate fair market value, on the date
of grant, of the Shares with respect to which Incentive Stock Options are
exercisable for the first time by that employee during any calendar year under
the Plan and under any other incentive stock option plan (within the meaning of
Section 422 of the Code) of the Company or of any parent or subsidiary
corporation of the Company exceeds $100,000.

(ii)                                  An Incentive Stock Option may be granted under
the Plan to an employee possessing more than 10 percent of the total combined
voting power of all classes of stock of the Company or of any parent or
subsidiary cor­poration of the Company only if the option price is at least 110
percent of the fair market value, as described in paragraph 6(b)(iv), of the
Shares subject to the option on the date it is granted, and the option by its
terms is not exercisable more than five years from the date of grant.

(iii)                               Subject to paragraphs 6(b)(ii) and 6(d),
Incentive Stock Options granted under the Plan shall con­tinue in effect for
the period fixed by the Committee, except that no Incentive Stock Option shall
be exercisable more than 10 years from the date of grant.

(iv)                              The option price per Share shall be determined
by the Committee at the time of grant. 
Subject to paragraph 6(b)(ii), the option price shall not be less than
100 percent of the fair market value of the Shares covered by the Incentive
Stock Option at the date the option is granted. 

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The fair market value shall be deemed to be the average of the closing
bid and asked prices for the Common Stock of the Company as reported on the
National Association of Securities Dealers, Inc. Automated Quotation System on
the day preceding the day the option is granted, or if there has been no sale
on that date, on the last preceding date on which a sale occurred, or such
other reported value of the Common Stock of the Company as shall be specified
by the Committee.

(v)                                 The Committee may at any time without the
consent of the optionee convert an Incentive Stock Option into a Nonstatutory
Stock Option.

(c)                                  Nonstatutory Stock Options. 
Nonstatutory Stock Options shall be subject to the following additional
terms and conditions:

(i)                                     The option price for Nonstatutory Stock
Options shall be determined by the Committee at the time of grant.  The option price may not be less than
75 percent of the fair market value of the Shares covered by the Nonstatutory
Stock Option on the date of grant.  The
fair market value of the Shares covered by a Nonstatutory Stock Option shall be
determined pursuant to paragraph 6(b)(iv).

(ii)                                  Nonstatutory Stock Options granted under the
Plan shall continue in effect for the period fixed by the Committee.

(d)                                 Exercise of Options. 
Except as provided in paragraphs 6(e) and (f) or as determined by the
Committee, no option granted under the Plan may be exercised unless at the time
of such exercise the optionee is employed by or in the service of the Company
or any parent or subsidiary corporation of the Company and shall have been so
employed or have provided such service con­tinuously since the date such option
was granted.  Absence on leave or on
account of illness or disability under rules established by the Committee shall
not, however, be deemed an interrup­tion of employment for purposes of the
Plan.  Unless otherwise determined by the
Committee, vesting of options shall not continue during an absence on leave
(including an extended illness) or on account of disability.  Except as provided in paragraphs 6(f), 10 and
11, options granted under the Plan may vest and be exercised from time to time
over the period stated in each option in such amounts and at such times as shall
be prescribed by the Committee, provided
that options shall not be exercised for fractional shares.  Unless otherwise determined by the Committee,
if the optionee does not exercise an option in any one year with respect to the
full number of Shares to which the optionee is entitled in that year, the
optionee’s rights shall be cumulative and the optionee may purchase those
Shares in any subsequent year during the term of the option.

(e)                                  Restrictions on Transfer.  Each
option granted under the Plan by its terms shall be nonassignable and
nontransfer­able by the optionee, either voluntarily or by operation of law,
except by will or by the laws of descent and distribution of the state or
country of the optionee’s domicile at the time of death, and each option by its
terms shall be exercisable during the optionee’s lifetime
only by the optionee; provided, however, that, with
the consent of the Committee, which consent may be withheld in its sole
discretion or conditioned on such requirements as the Committee shall deem
appropriate, an officer or director of the Company who is subject to Section
16(b) of the Exchange Act may assign or transfer without consideration all or
any portion of a Nonstatutory Stock Option granted under the Plan to such
officer’s or director’s spouse (or former spouse) pursuant to a qualified
domestic relations order.  The holder of
any Nonstatutory Stock Option that has been transferred pursuant to this
paragraph 6(e) may be subject to treatment under tax and securities laws with
respect to the transferred option which differs from the treatment to which the
applicable officer or director was subject with respect to the option prior to
the transfer.

(f)                                    Termination of Employment or
Service.

(i)                                     In the event the employment or service of the optionee
by the Company or a parent or subsidiary corporation of the Company terminates
for any reason other than because of death or physical disability, the option
may be exercised at any time prior to the expiration date of the option or the
expiration of three months (one year in the case of officers and two years in
the case of 

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directors) after the date of such termination, whichever is the shorter
period, but only if and to the extent the optionee was entitled to exercise the
option at the date of such termination.

(ii)                                  In the event of the termination of the
optionee’s employment or service with the Company or a parent or subsidiary
corporation of the Company because the optionee becomes disabled (within the
meaning of Section 22(e)(3) of the Code), the option may be exercised at any
time prior to the expiration date of the option or the expiration of
one year after the date of such termination, whichever is the shorter
period, but only if and to the extent the optionee was entitled to exercise the
option at the date of such termination.

(iii)                               In the event of the death of an optionee while
employed by or providing service to the Company or a parent or subsidiary
corporation of the Company, the option may be exercised at any time prior to
the expiration date of the option or the expiration of one year after the
date of such death, whichever is the shorter period, but only if and to the
extent the optionee was entitled to exercise the option on the date of death,
and only by the person or persons to whom such optionee’s rights under the
option shall pass by the optionee’s will or by the laws of descent and
distribution of the state or country of domicile at the time of death.

(iv)                              The Committee, at the time of grant or at any
time thereafter, may extend the three-month and one-year expiration periods any
length of time not later than the original expiration date of the option, and
may increase the portion of an option that is exercisable, subject to such
terms and conditions as the Committee may determine.

(v)                                 To the extent that the option of any deceased
optionee or of any optionee whose employment or service terminates is not
exercised within the applicable period, all further rights to purchase Shares
pursuant to such option shall cease and terminate.

(g)                                 Purchase of Shares. 
Unless the Committee determines otherwise, Shares may be acquired
pursuant to an option only upon receipt by the Company of notice in writing
from the optionee of the optionee’s intention to exer­cise, specifying the
number of Shares as to which the optionee desires to exercise the option and
the date on which the optionee desires to complete the transaction, and, if
required to comply with the Securities Act of 1933, as amended, or state
securities laws, the notice shall include a representation that it is the
optionee’s present intention to acquire the Shares for investment and not with
a view to distribution.  The certificates
representing the Shares shall bear any legends required by the Committee.  Unless the Committee determines otherwise, on
or before the date specified for completion of the purchase of Shares pursuant
to an option, the optionee must have paid the Company the full purchase price
of such Shares in cash (including, with the consent of the Committee, cash that
may be the proceeds of a loan from the Company), or, with the consent of the
Committee, in whole or in part, in Shares valued at fair market value, as
determined pursuant to paragraph 6(b)(iv). 
Unless the Committee determines otherwise, all payments made to the
Company in connection with the exercise of an option must be made by a
certified or cashier’s bank check or by the transfer of immediately available
federal funds.  No Shares shall be issued
until full payment therefor has been made. 
With the consent of the Committee, an optionee may request the Company
to apply automatically the Shares to be received upon the exercise of a portion
of a stock option (even though stock certificates have not yet been issued) to
satisfy the purchase price for additional portions of the option.  Each optionee who has exercised an option
shall immediately upon notification of the amount due, if any, pay to the
Company in cash amounts necessary to satisfy any applicable federal, state and local
tax withholding requirements.  If additional
withholding is or becomes required beyond any amount deposited before delivery
of the certificates, the optionee shall pay such amount to the Company on
demand.  If the optionee fails to pay the
amount demanded, the Company or any parent or subsidiary corporation of the
Company may withhold that amount from other amounts payable to the optionee by
the Company or the parent or subsidiary corporation, includ­ing salary, subject
to applicable law.  With the consent of
the Committee, an optionee may deliver Shares to the Company to satisfy the
withholding obligation.

7.                                      Stock Bonuses.  The
Committee may award Shares under the Plan as stock bonuses.  Shares awarded as a stock bonus shall be
subject to such terms, conditions, and restrictions as shall be determined by
the Committee, all of which shall be evidenced in a writing signed by the
recipient prior to receiving the bonus Shares. 
The 

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Committee may not require the recipient to pay
any monetary consideration other than amounts necessary to satisfy tax
withholding requirements.  The
certificates representing the Shares awarded shall bear any legends required by
the Committee.  The Company may require
any recipient of a stock bonus to pay to the Company in cash upon demand
amounts necessary to satisfy any applicable federal, state or local tax
withholding requirements.  If the
recipient fails to pay the amount demanded, the Company or any parent or
subsidiary corporation of the Company may withhold that amount from other
amounts payable to the recipient by the Company or the parent or subsidiary
corporation, including salary, subject to applicable law.  With the consent of the Committee, a
recipient may deliver Shares to the Company to satisfy the withholding obligation.

8.                                      Stock Sales.  The
Committee may issue Shares under the Plan for such consideration (including
promis­sory notes and services) as determined by the Committee, provided that in no event shall the
consideration be less than 75 percent of the fair market value of the Shares at
the time of issuance, determined pursuant to paragraph 6(b)(iv).  Shares issued under this paragraph 8
shall be subject to the terms, conditions and restrictions determined by the
Committee.  The restrictions may include
restrictions concerning transferability, repurchase by the Company and
forfeiture of the Shares issued, together with such other restrictions as may
be determined by the Committee.  The
certificates representing the Shares shall bear any legends required by the
Committee.  The Company may require any
purchaser of stock issued under this paragraph 8 to pay to the Company in
cash upon demand amounts necessary to satisfy any applicable federal, state or
local tax withholding requirements.  If
the purchaser fails to pay the amount demanded, the Company or any parent or
subsidiary corporation of the Company may withhold that amount from other
amounts payable to the purchaser by the Company or any parent or subsidiary
corporation, including salary, subject to applicable law.  With the consent of the Committee, a
purchaser may deliver Shares to the Company to satisfy the withholding
obligation.

9.                                      Stock Appreciation Rights.

(a)                                  Grant.  Stock
appreciation rights may be granted under the Plan by the Committee, subject to
such rules, terms, and conditions as the Committee prescribes.

(b)                                 Exercise.

(i)                                     A stock appreciation right shall be
exercisable only at the time or times established by the Committee.  If a stock appreciation right is granted in
connection with an option, the stock appreciation right shall be exercisable
only to the extent and on the same conditions that the related option could be
exercised.  Upon exercise of a stock
appreciation right, any option or portion thereof to which the stock
appreciation right relates terminates. 
If a stock appreciation right is granted in connection with an option,
upon exercise of the option, the stock appreciation right or portion thereof to
which the option relates terminates.

(ii)                                  The Committee may withdraw any stock
appreciation right granted under the Plan at any time and may impose any
conditions upon the exercise of a stock appreciation right or adopt rules and
regulations from time to time affecting the rights of holders of stock
appreciation rights.  Such rules and regulations
may govern the right to exercise stock appreciation rights granted before
adoption or amendment of such rules and regulations as well as stock
appreciation rights granted thereafter.

(iii)                               Each stock appreciation right shall entitle
the holder, upon exercise, to receive from the Company in exchange therefor an
amount equal in value to the excess of the fair market value on the date of
exercise of one Share over its fair market value on the date of grant (or, in
the case of a stock appreciation right granted in connection with an option, the
option price per Share under the option to which the stock appreciation right
relates), multiplied by the number of Shares covered by the stock appreciation
right or the option, or portion thereof, that is surrendered.  No stock appreciation right shall be
exercisable at a time that the amount determined under this subparagraph is
negative.  Payment by the Company upon
exercise of a stock appreciation right may be made in Shares 

 5
 

valued at fair market value, in cash, or partly in Shares and partly in
cash, all as determined by the Committee.

(iv)                              For purposes of this paragraph 9, the
fair market value of the Shares shall be determined pursuant to
paragraph 6(b)(iv), on the trading day preceding the date the stock
appreciation right is exercised.

(v)                                 No fractional Shares shall be issued upon
exercise of a stock appreciation right. 
In lieu thereof, cash may be paid in an amount equal to the value of the
fraction or, if the Committee shall determine, the number of Shares may be
rounded downward to the next whole Share.

(vi)                              Each participant who has exercised a stock
appreciation right shall, upon notification of the amount due, pay to the
Company in cash amounts necessary to satisfy any applicable federal, state or
local tax withholding requirements.  If
the participant fails to pay the amount demanded, the Company or any parent or
subsidiary corporation of the Company may withhold that amount from other
amounts payable to the participant by the Company or any parent or subsidiary
corporation, including salary, subject to applicable law.  With the consent of the Committee, a
participant may satisfy this obligation, in whole or in part, by having the
Company withhold from any Shares to be issued upon the exercise that number of
Shares that would satisfy the withholding amount due or by delivering Shares to
the Company to satisfy the withholding amount.

(vii)                           Upon the exercise of a stock appreciation
right for Shares, the number of Shares reserved for issuance under the Plan
shall be reduced by the number of Shares issued.  Cash payments of stock appreciation rights
shall not reduce the number of Shares reserved for issuance under the Plan.

10.                               Changes in Capital Structure.  If the
outstanding shares of Common Stock of the Company are hereafter increased or
decreased or changed into or exchanged for a different number or kind of shares
or other securities of the Company or of another corporation by reason of any
recapitalization, reclassification, stock split, combination of shares or
dividend payable in shares, the Committee shall make appropriate adjustments
(i) in the number and kind of shares available for awards under the Plan and in
all other share amounts set forth in the Plan; and (ii) in the number and
kind of shares as to which outstanding options and stock appreciation rights,
or portions thereof then unexercised, shall be exercisable, so that the
participant’s proportionate interest before and after the occurrence of the
event is maintained, provided
that this paragraph 10 shall not apply with respect to transactions
referred to in paragraph 11.  The
Committee may also require that any securities issued in respect of or
exchanged for Shares issued hereunder that are subject to restrictions be
subject to similar restrictions. 
Notwithstanding the foregoing, the Committee shall have no obligation to
effect any adjustment that would or might result in the issuance of fractional
shares, and any fractional shares resulting from any adjustment may be
disregarded or provided for in any manner determined by the Committee.  Any such adjustment made by the Committee
shall be conclusive.

11.                               Effect of Reorganization or
Liquidation.

(a)                                  Cash, Stock or Other Property for
Stock.  Except as provided in paragraph 11(b),
upon a merger, consolidation, reorganization, plan of exchange or liquidation
involving the Company, as a result of which the shareholders of the Company
receive cash, stock or other property in exchange for or in connection with
their Common Stock (any such transaction to be referred to in this paragraph 11
as an “Accelerating Event”), any option or stock appreciation right granted
hereunder shall terminate, but the optionee shall have the right during a
30-day period immediately prior to any such Accelerating Event to exercise his
or her option or stock appreciation right, in whole or in part, without any
limitation with respect to vesting or exercisability.

(b)                                 Stock for Stock.  If
the shareholders of the Company receive capital stock of another corporation (“Exchange
Stock”) in exchange for their Common Stock in any transaction involving a
merger, consolidation, reorganization, or plan of exchange, all options granted
hereunder shall be converted into options to purchase shares of Exchange Stock
and all stock appreciation rights granted hereunder shall be converted into
stock 

 6
 

appreciation rights measured by the Exchange
Stock, unless the Committee, in its sole discretion, determines that any or all
such options or stock appreciation rights granted hereunder shall not be
converted, but instead shall terminate in accordance with the provisions of
paragraph 11(a).  The amount and
price of converted options and stock appreciation rights shall be determined by
adjusting the amount and price of the options or stock appreciation rights
granted hereunder to take into account the relative values of the Exchange
Stock and the Common Stock in the transaction.

(c)                                  The rights set forth in this paragraph 11
shall be transferable only to the extent the related option or stock
appreciation right is transferable.

12.                               Corporate Mergers, Acquisitions,
Etc.  The Committee may also grant options, grant
stock appreciation rights, award stock bonuses and sell stock under the Plan
having terms, conditions and provisions that vary from those specified in the
Plan; provided that any such awards
are granted in substitution for, or in connection with the assumption of,
existing options, stock appreciation rights, stock bonuses and stock sold or
awarded by another corporation and assumed or otherwise agreed to be provided
for by the Company pursuant to or by reason of a transaction involving a
corporate merger, consolidation, acquisition of property or stock, separation,
reorganization or liquidation to which the Company or a parent or subsidiary
corporation of the Company is a party.

13.                               Amendment of Plan.  The
Board may at any time, and from time to time, modify or amend the Plan in such
respects as it shall deem advisable because of changes in the law while the
Plan is in effect or for any other reason. 
Except as provided in paragraphs 6(b)(v), 10, 11 and 12, however, no
change in an award already granted shall be made without the written consent of
the holder of such award.

14.                               Approvals.  The
obligations of the Company under the Plan are subject to the approval of state
and federal authorities or agencies with jurisdiction in the matter.  The Company shall not be obligated to issue
or deliver Shares under the Plan if such issuance or delivery would violate
applicable state or federal securities laws, or if compliance with such laws
would, in the opinion of the Company, be unduly burdensome or require the
disclosure of information which would not be in the Company’s best interests.

15.                               Employment and Service Rights. 
Nothing in the Plan or any award pursuant to the Plan shall
(i) confer upon any employee any right to be continued in the employment
of the Company or any parent or sub­sidiary corporation of the Company or shall
interfere in any way with the right of the Company or any parent or subsidiary
corporation of the Company by whom such employee is employed to terminate such
employee’s employment at any time, for any reason, with or without cause, or to
increase or decrease such employee’s compensation or benefits; or
(ii) confer upon any person engaged by the Company or any parent or
subsidiary corporation of the Company any right to be retained or employed by
the Company or the parent or subsidiary or to the continuation, extension,
renewal, or modification of any compensation, contract, or arrangement with or
by the Company or the parent or subsidiary.

16.                               Rights as a Shareholder.  The
recipient of any award under the Plan shall have no rights as a shareholder
with respect to any Shares until the date of issue to the recipient of a stock
certificate for such Shares.  Except as
otherwise expressly provided in the Plan, no adjustment shall be made for
dividends or other rights for which the record date is prior to the date such
stock certificate is issued.

	
   Amended:

  	
  September 13, 2001,

  
	
   

  	
  March 13,
  2003,

  
	
   

  	
  April 26,
  2005

  
	
   

  	
  March
  8, 2007

  

 

 7Exhibit
10.20.1

ICO
GLOBAL COMMUNICATIONS (HOLDINGS) LIMITED

2000
STOCK INCENTIVE PLAN

As
Amended And Restated Effective June 15, 2007

SECTION 1.  PURPOSE

The ICO Global
Communications (Holdings) Limited 2000 Stock Incentive Plan was initially
adopted following stockholder approval on May 10, 2000 and was subsequently
amended and restated on August 9, 2000 and November 17, 2005.  The Plan is hereby amended and restated to
increase the number of shares available for issuance, to authorize additional
types of awards, to add provisions to satisfy tax deduction requirements, to
reflect the status of the Company as publicly traded and to make other changes.

The purpose of the
Plan is to enhance the long-term stockholder value of ICO Global
Communications (Holdings) Limited, a Delaware corporation (the “Company”), by
offering opportunities to selected persons to participate in the Company’s
growth and success, and to encourage them to remain in the service of the
Company and its Related Corporations (as defined in Section 2) and to acquire
and maintain stock ownership in the Company.

SECTION 2.  DEFINITIONS

For purposes of
the Plan, the following terms shall be defined as set forth below:

“Acquired
Entity” has the meaning set forth in Section 6.3.

“Acquisition
Transaction” has the meaning set forth in Section 6.3.

“Award”
means an award or grant made pursuant to the Plan, including awards or grants
of Options, Stock Appreciation Rights, Stock Awards, or any combination of the
foregoing.

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

“Cause”
means dismissal for willful material
misconduct or failure to discharge duties, conviction or confession of a crime
punishable by law (except minor violations), the performance of an illegal act
while purporting to act in the Company’s behalf, or engaging in activities
directly in competition or antithetical to the best interests of the Company,
such as dishonesty, fraud, unauthorized use or disclosure of
confidential information or trade secrets, in each case as determined by the
Plan Administrator, and its determination shall be conclusive and binding.

“Code”
means the Internal Revenue Code of 1986, as amended from time to time.

“Common
Stock” means common stock, par value $.01 per share, of the
Company as described in each Award agreement.

“Corporate
Transaction” means any of the following events:

 1
 

(a)           Consummation of any merger or
consolidation of the Company with or into another corporation, including a COM
Affiliate;

(b)           Consummation of any sale, lease,
exchange or other transfer in one transaction or a series of related
transactions of all or substantially all the Company’s outstanding securities
or substantially all the Company’s assets other than a transfer of the Company’s
assets to a majority-owned subsidiary corporation (as defined in
Section 8.8) of the Company or a COM Affiliate; or

(c)           Any
acquisition by a person, other than Craig O. McCaw or a COM Affiliate, within
the meaning of Section 3(a)(9) or of Section 13(d)(3) (as in effect
on the date of adoption of the Plan) of the Exchange Act of a majority or more
of the Company’s outstanding voting securities (whether directly or indirectly,
beneficially or of record).  Ownership of
voting securities shall take into account and shall include ownership as
determined by applying Rule 13d-3(d)(1)(i) (as in effect on the date
of adoption of the Plan) under the Exchange Act.

For purposes of
this definition, a “COM Affiliate” shall mean any entity which Craig O.
McCaw or Eagle River Investments LLC (“Eagle River”) controls directly or
indirectly through one or more intermediaries. 
For purposes of this definition, an entity shall be deemed to be
controlled by Craig O. McCaw or Eagle River if (and only for so long as)
(x) Craig O. McCaw or Eagle River has the right to vote by ownership,
proxy or otherwise securities constituting 5% or more of the voting power of
such entity if such entity has equity securities registered and files reports
under the Exchange Act, as amended, or otherwise owns securities constituting
50% or more of the voting power of such entity (if not reporting); (y)  Craig O. McCaw or Eagle River possesses,
directly or indirectly, the power to direct or cause the direction of the
management and policies of such entity, whether through the ownership of voting
securities, by contract or otherwise; or (z) with respect to a charitable
trust, foundation or nonprofit corporation, Craig O. McCaw or Eagle River
is the sole trustee or director or has the power to appoint a majority of the
trustees or directors thereof.

“Disability,” unless otherwise defined by the Plan
Administrator, means a mental or physical impairment of the Participant that is
expected to result in death or that has lasted or is expected to last for a
continuous period of 12 months or more and that causes the Participant to be
unable, in the opinion of the Plan Administrator, to perform his or her duties
for the Company or a Related Corporation and to be engaged in any substantial
gainful activity.

“Early
Retirement” means termination of service prior to Retirement
on terms and conditions approved by the Plan Administrator.

“Effective
Date” means May 10, 2000, the date the Plan was originally
approved by the stockholders of the Company.

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

“Fair
Market Value” shall be as established in good faith by the
Plan Administrator or (a) if the Common Stock is listed on the Nasdaq
National Market, the closing sales price for the Common Stock as reported by
the Nasdaq National Market for a single trading day or (b) if the Common
Stock is listed on the New York Stock Exchange or the American Stock Exchange,
the 

 2
 

closing sales price for
the Common Stock as such price is officially quoted in the composite tape of
transactions on such exchange for a single trading day.  If there is no such reported price for the
Common Stock for the date in question, then such price on the last preceding
date for which such price exists shall be determinative of Fair Market Value.

“Grant
Date” means the date on which the Plan Administrator
completes the corporate action relating to the grant of an Award and all
conditions precedent to the grant have been satisfied, provided that conditions
to the exercisability or vesting of Awards shall not defer the Grant Date.

“Incentive
Stock Option” means an Option to purchase Common Stock
granted under Section 7 with the intention that it qualify as an “incentive
stock option” as that term is defined in Section 422 of the Code.

“Nonqualified
Stock Option” means an Option to purchase Common Stock
granted under Section 7 other than an Incentive Stock Option.

“Option”
means the right to purchase Common Stock granted under Section 7.

“Option
Term” has the meaning set forth in Section 7.3.

“Participant”
means (a) the person to whom an Award is granted; (b) for a
Participant who has died, the personal representative of the Participant’s
estate, the person(s) to whom the Participant’s rights under the Award have
passed by will or by the applicable laws of descent and distribution, or the
beneficiary designated in accordance with Section 11; or (c) the
person(s) to whom an Award has been transferred in accordance with
Section 11.

“Plan”
means the ICO Global Communications (Holdings) Limited 2000 Stock Incentive
Plan, as amended from time to time.

“Plan
Administrator” means the Board or any committee or committees
designated by the Board to administer the Plan under Section 3.1.

“Qualifying
Performance Criteria” has the meaning set forth in Section
9.4.

“Related
Corporation” means any entity that, directly or indirectly,
is in control of, or is controlled by, or under common control with the
Company.

“Retirement”
means retirement on or after an individual’s normal retirement date under the
Company’s 401(k) plan or other similar successor plan applicable to salaried
employees, unless otherwise defined by the Plan Administrator from time to time
for purposes of the Plan.

“Securities
Act” means the Securities Act of 1933, as amended.

“Stock
Appreciation Right” or “SAR” means an Award granted under Section
7.7 of the right to benefit from an appreciation in value of a specified number
of shares of Common Stock over a specified period that may be settled in cash
or stock (as determined by the Plan

 3
 

Administrator).  The value of the right shall be determined
with respect to a specified number of shares of Common Stock equal to or
otherwise based on the excess of (i) the Fair Market Value of a share of Common
Stock at the time of exercise over (ii) the grant price of the right.

“Stock
Award” means an Award of shares of Common Stock or units
denominated in Common Stock granted under Section 9, the rights of
ownership of which may be subject to restrictions prescribed by the Plan
Administrator.

“Successor
Corporation” has the meaning set forth in Section 12.3.

“Termination
Date” has the meaning set forth in Section 7.6.

SECTION 3.  ADMINISTRATION

3.1                               Plan
Administrator

The Plan shall be
administered by the Board and/or a committee or committees (which term includes
subcommittees) appointed by, and consisting of
two or more members of, the Board (a “Plan Administrator”).  So long as the Common Stock is registered
under Section 12(b) or 12(g) of the Exchange Act, the Board shall consider
in selecting the members of any committee acting as Plan Administrator the provisions
regarding (a) “outside directors” as contemplated by Section 162(m)
of the Code, (b) “nonemployee directors” as contemplated by Rule 16b-3
under the Exchange Act, and (c) “independent directors” in compliance with
applicable requirements of any stock exchange or national market system on
which the shares of Common Stock may be listed. 
Notwithstanding the foregoing, the Board may delegate the responsibility
for administering the Plan with respect to designated classes of eligible
persons to different committees consisting of one or more members of the Board,
subject to such limitations as the Board deems appropriate.  Committee members shall serve for such term
as the Board may determine, subject to removal by the Board at any time.

3.2                               Administration
and Interpretation by Plan Administrator

Except for the
terms and conditions explicitly set forth in the Plan, the Plan Administrator
shall have exclusive authority, in its discretion, to determine all matters
relating to Awards under the Plan, including the selection of individuals to be
granted Awards, the type of Awards, the number of shares of Common Stock
subject to an Award, the price, if any, of an Award, whether to reduce the
exercise price of any Option or Stock Appreciation Right to the then current
Fair Market Value if the Fair Market Value of the Common Stock covered by such
Award shall have decreased since the Grant Date, whether, to what extent, and
under what circumstances to offer an exchange or to redeem any previously
granted Award for a payment in cash, shares of Common Stock, other securities
or another Award, all terms, conditions, restrictions and limitations, if any,
of an Award and the terms of any instrument that evidences the Award.  The Plan Administrator shall also have exclusive
authority to interpret the Plan and the terms of any instrument evidencing the
Award and may from time to time adopt and change rules and regulations of
general application for the Plan’s administration.  The Plan Administrator’s interpretation of
the Plan and its rules and regulations, and all actions taken and
determinations made by the Plan Administrator pursuant to the Plan, shall be
conclusive and binding on all 

 4
 

parties involved or
affected.  The Plan Administrator may
delegate administrative duties to such of the Company’s officers as it so
determines.

SECTION 4.  STOCK SUBJECT TO THE
PLAN

4.1                               Authorized
Number of Shares

Subject to
adjustment from time to time as provided in Section 12.1, a maximum of
20,000,000 shares of Common Stock shall be available for issuance under the
Plan.  The aggregate number of shares of
Common Stock that may be granted under this Plan during any calendar year to
any one Participant shall not exceed  5,000,000
shares, subject to adjustment as provided in Section 12.1 to the extent
permitted under Section 162(m) of the Code for Awards intended to qualify as
performance-based compensation.

Shares issued
under the Plan shall be drawn from authorized and unissued shares or shares now
held or subsequently acquired by the Company as treasury shares.

4.2                               Reuse
of Shares

Any shares of
Common Stock that have been made subject to an Award that cease to be subject
to the Award (other than by reason of exercise or settlement of the Award to
the extent it is exercised for or settled in vested and nonforfeitable shares)
shall again be available for issuance in connection with future grants of
Awards under the Plan.  In the event
shares issued under the Plan are reacquired by the Company pursuant to any
forfeiture or provision, right of repurchase or right of first refusal, such
shares shall again be available for the purposes of the Plan; provided, that
the aggregate number of shares that may be issued upon the exercise of
Incentive Stock Options shall in no event exceed 20,000,000, subject to
adjustment from time to time as provided in Section 12.1.

SECTION 5.  ELIGIBILITY

Awards may be
granted under the Plan to those officers, directors and employees of the
Company and its Related Corporations as the Plan Administrator from time to
time selects.  Awards may also be granted
to consultants, agents, advisors and independent contractors who provide
services to the Company and its Related Corporations; provided, however, that
such Participants (i) are natural persons or an alter-ego entity; (ii) render
bona fide services that are not in connection with the offer and sale of the
Company’s securities in a capital-raising transaction; and (iii) render bona
fide services that do not directly or indirectly promote or maintain a market
for the Company’s securities.

SECTION 6.  AWARDS

6.1                               Form
and Grant of Awards

The Plan
Administrator shall have the authority, in its sole discretion, to determine
the type or types of Awards to be made under the Plan.  Such Awards may include, but are not

 5
 

limited to, Incentive
Stock Options, Nonqualified Stock Options, Stock Appreciation Rights and Stock
Awards.  Awards may be granted singly or
in combination.

6.2                               Settlement
of Awards

The Company may
settle Awards through the delivery of shares of Common Stock, the granting of
replacement Awards, the payment of cash, or any combination thereof as the Plan
Administrator shall determine.  Any Award
settlement, including payment deferrals, may be subject to such conditions,
restrictions and contingencies as the Plan Administrator shall determine.  The Plan Administrator may permit or require
the deferral of any Award payment, subject to such rules and procedures as it
may establish, which may include provisions for the payment or crediting of
interest, or dividend equivalents, including converting such credits into
deferred stock equivalents.  The maximum
amount of any payment made under the Plan to settle all or a portion of an
Award in cash payable to any one Participant in any calendar year shall not
exceed $5,000,000.

6.3                               Acquired
Company Awards

Notwithstanding
anything in the Plan to the contrary, the Plan Administrator may grant Awards
under the Plan in substitution for awards issued under other plans, or assume
under the Plan awards issued under other plans, if the other plans are or were
plans of other acquired entities (“Acquired Entities”) (or the parent or
subsidiary of the Acquired Entity) and the new Award is substituted, or the old
award is assumed, by reason of a merger, consolidation, acquisition of property
or stock, reorganization or liquidation (the “Acquisition Transaction”).  If a written agreement pursuant to which the
Acquisition Transaction is completed is approved by the Board and that
agreement sets forth the terms and conditions of the substitution for or
assumption of outstanding awards of the Acquired Entity, those terms and
conditions shall be deemed to be the action of the Plan Administrator without
any further action by the Plan Administrator, except as may be required for
compliance with Rule 16b-3 under the Exchange Act, and the persons
holding such awards shall be deemed to be Participants.

SECTION 7.  AWARDS OF OPTIONS

AND STOCK APPRECIATION RIGHTS

7.1          Grant of Options

The Plan
Administrator is authorized under the Plan, in its sole discretion, to issue
Options as Incentive Stock Options or as Nonqualified Stock Options, which
shall be appropriately designated.

7.2          Option Exercise Price

The exercise price
for shares purchased under an Option shall be as determined by the Plan
Administrator, but shall not be less than 100% of the Fair Market Value of the
Common Stock on the Grant Date with respect to Incentive Stock Options.  For Incentive Stock Options granted to a more
than 10% stockholder, the Option exercise price shall be as specified in Section
8.2.

 6
 

7.3          Term of Options

The term of each
Option (the “Option Term”) shall be as established by the Plan Administrator
or, if not so established, shall be ten years from the Grant Date.  For Incentive Stock Options, the Option Term
shall be as specified in Sections 8.2 and 8.4.

7.4          Exercise of Options

The Plan
Administrator shall establish and set forth in each instrument that evidences
an Option the time at which, or the installments in which, the Option shall
vest and become exercisable, which provisions may be waived or modified by the
Plan Administrator at any time.  If not
so established in the instrument evidencing the Option, the Option shall vest
and become exercisable according to the following schedule, which may be waived
or modified by the Plan Administrator at any time:

	
  Period of
  Participant’s Continuous

  Employment or Service With the Company

  or Its Related Corporations From the

  Option Grant Date

  	
   

  	
  Portion of
  Total Option 

  That Is Vested and Exercisable

  
	
  After 1 year

  	
   

  	
  1/4th

  
	
   

  	
   

  	
   

  
	
  Each additional
  one-month period of 

  continuous service completed thereafter

  	
   

  	
  An additional 1/48th

  
	
   

  	
   

  	
   

  
	
  After 4 years

  	
   

  	
  100%

  

 

To the extent that
an Option has vested and become exercisable, the Option may be exercised from
time to time by delivery to the Company of a written stock option exercise
agreement or notice, in a form and in accordance with procedures established by
the Plan Administrator, setting forth the number of shares with respect to
which the Option is being exercised, the restrictions imposed on the shares
purchased under such exercise agreement, if any, and such representations and
agreements as may be required by the Plan Administrator, accompanied by payment
in full as described in Section 7.5. 
The Plan Administrator may prescribe, in lieu of or in addition to
written agreements, notices and forms, electronic or telephonic methods or
procedures for Option exercises.  An
Option may be exercised only for whole shares and may not be exercised for less
than a reasonable number of shares at any one time, as determined by the Plan
Administrator.

7.5                               Payment
of Exercise Price

The exercise price for
shares purchased under an Option shall be paid in full to the Company by
delivery of consideration equal to the product of the Option exercise price and
the number of shares purchased.  Such
consideration must be paid in cash or by check or, unless the Plan
Administrator in its sole discretion determines otherwise, either at the time
the Option is granted or at any time before it is exercised, in any combination
of:

(a)            cash or check;

 7
 

(b)           tendering (either actually or by
attestation) shares of Common Stock already owned by the Participant for at
least six months (or any shorter period necessary to avoid a charge to the
Company’s earnings for financial reporting purposes) having a Fair Market Value
on the day prior to the exercise date equal to the aggregate Option exercise
price;

(c)           delivery of a properly executed
exercise notice, together with irrevocable instructions, to (i) a
brokerage firm designated by the Company to deliver promptly to the Company the
aggregate amount of sale or loan proceeds to pay the Option exercise price and
any withholding tax obligations that may arise in connection with the exercise
and (ii) the Company to deliver the certificates for such purchased shares
directly to such brokerage firm, all in accordance with the regulations of the
Federal Reserve Board; or

(d)           such other consideration as the Plan
Administrator may permit.

7.6          Post-Termination Exercises

The Plan
Administrator shall establish and set forth in each instrument that evidences
an Option whether the Option shall continue to be exercisable, and the terms
and conditions of such exercise, if a Participant ceases to be employed by, or
to provide services to, the Company or its Related Corporations, which
provisions may be waived or modified by the Plan Administrator at any
time.  If not so established in the
instrument evidencing the Option, the Option shall be exercisable according to
the following terms and conditions, which may be waived or modified by the Plan
Administrator at any time:

(a)           Any portion of an Option that is not
vested and exercisable on the date of termination of the Participant’s
employment or service relationship (the “Termination Date”) shall expire on
such date.

(b)           Any portion of an Option that is
vested and exercisable on the Termination Date shall expire upon the earliest
to occur of

(i)            if the Participant’s Termination
Date occurs for reasons other than Cause, death, Disability, Early Retirement
or Retirement, the three-month anniversary of such Termination Date;

(ii)           if the Participant’s Termination Date
occurs by reason of Retirement or Early Retirement, the one-year anniversary of
such Termination Date;

(iii)          if the Participant’s Termination Date
occurs by reason of Disability or death, the one-year anniversary of such
Termination Date; and

(iv)          the last day of the Option Term.

Notwithstanding
the foregoing, if the Participant dies after the Termination Date while the
Option is otherwise exercisable, the portion of the Option that is vested and
exercisable on such Termination Date shall expire upon the earlier to occur of
(y) the last day of the Option 

 8
 

Term and (z) the
first anniversary of the date of death, unless the Plan Administrator
determines otherwise.

Also
notwithstanding the foregoing, in case of termination of the Participant’s
employment or service relationship for Cause, the Option shall automatically
expire at the time the Company first notifies the Participant of such
termination, unless the Plan Administrator determines otherwise.  If a Participant’s employment or service
relationship with the Company is suspended pending an investigation of whether
the Participant shall be terminated for Cause, all the Participant’s rights
under any Option likewise shall be suspended during the period of
investigation, unless the Plan Administrator determines otherwise.  If any facts that would constitute Cause for
termination or removal of a Participant are discovered after the Participant’s
relationship with the Company or its Related Corporation has ended, any Option
then held by the Participant may be immediately terminated by the Plan
Administrator, in its sole discretion.

A Participant’s transfer
of employment or service relationship between or among the Company and its
Related Corporations, or a change in status from an employee to a consultant,
agent, advisor or independent contractor or a change in status from a
consultant, agent, advisor or independent contractor to an employee, shall not
be considered a termination of employment or service relationship for purposes
of this Section 7.  The effect of a
Company-approved leave of absence on the terms and conditions of an
Option shall be determined by the Plan Administrator, in its sole discretion.

7.7          Grant of Stock Appreciation Rights

The Plan
Administrator is authorized under the Plan, in its sole discretion, to grant
Stock Appreciation Rights to Participants.

7.8          Grant Price

The grant price of
a Stock Appreciation Right shall be as determined by the Plan Administrator,
but shall not be less than 100% of the Fair Market Value of a share of Common
Stock on the Grant Date.

7.9          Term of Stock Appreciation Rights

The term of each
Stock Appreciation Right shall be as established by the Plan Administrator and
shall not exceed ten years from the Grant Date.

7.10        Exercise of Stock Appreciation Rights

The Plan
Administrator shall establish and set forth in each instrument that evidences a
Stock Appreciation Right the time or times at which the Stock Appreciation Right
may be exercised in whole or in part. 
The payment upon exercise of the Stock Appreciation Right may be in
cash, shares of Common Stock or any combination thereof, or in any other manner
approved by the Plan Administrator in its sole discretion.  The Plan Administrator’s determination as to
the form of settlement shall be set forth in the instrument that evidences the
Stock Appreciation Right.

 9
 

7.11        Post –Termination Stock Appreciation
Right Exercises

The
Plan Administrator shall establish and set forth in each instrument that
evidences a Stock Appreciation Right whether the Stock Appreciation Right shall
continue to be exercisable, and the terms and conditions of such exercise, if a
Participant ceased to be employed by, or to provide services to, the Company or
its Related Corporations, which provisions may be waived or modified by the
Plan Administrator at any time.  If not
so established in the instrument evidencing the Stock Appreciation Right, the
Stock Appreciation Right shall be exercisable according to the terms and
conditions set forth in Section 7.6, which may be waived or modified by the
Plan Administrator at any time.

SECTION 8.  INCENTIVE STOCK
OPTION LIMITATIONS

To the extent
required by Section 422 of the Code, Incentive Stock Options shall be
subject to the following additional terms and conditions:

8.1          Dollar Limitation

To the extent the
aggregate Fair Market Value (determined as of the Grant Date) of Common Stock
with respect to which Incentive Stock Options are exercisable for the first
time during any calendar year (under the Plan and all other stock option plans
of the Company) exceeds $100,000, such portion in excess of $100,000 shall be
treated as a Nonqualified Stock Option. 
In the event the Participant holds two or more such Options that become
exercisable for the first time in the same calendar year, such limitation shall
be applied on the basis of the order in which such Options are granted.

8.2          More Than 10% Stockholders

If an individual
owns more than 10% of the total combined voting power of all classes of the
stock of the Company or of its parent or subsidiary corporations, then the
exercise price per share of an Incentive Stock Option granted to such
individual shall not be less than 110% of the Fair Market Value of the Common
Stock on the Grant Date and the Option Term shall not exceed five years.  The determination of more than 10% ownership
shall be made in accordance with Section 422 of the Code.

8.3          Eligible Employees

Individuals who
are not employees of the Company or one of its parent corporations or
subsidiary corporations may not be granted Incentive Stock Options.

8.4          Term

Subject to Section
8.2, the Option Term shall not exceed ten years.

 10
 

8.5          Exercisability

An Option
designated as an Incentive Stock Option shall cease to qualify for favorable
tax treatment as an Incentive Stock Option to the extent it is exercised (if
permitted by the terms of the Option) (a) more than three months after the
Termination Date for reasons other than death or Disability, (b) more than one
year after the Termination Date by reason of Disability, or (c) after the
Participant has been on leave of absence for more than 90 days, unless the
Participant’s reemployment rights are guaranteed by statute or contract.

8.6          Taxation of Incentive Stock Options

In order to obtain
certain tax benefits afforded to Incentive Stock Options under Section 422
of the Code, the Participant must hold the shares issued upon the exercise of
an Incentive Stock Option for two years after the Grant Date and one year from
the date of exercise.  A Participant may
be subject to the alternative minimum tax at the time of exercise of an
Incentive Stock Option.  The Participant
shall give the Company prompt notice of any disposition of shares acquired by
the exercise of an Incentive Stock Option prior to the expiration of such
holding periods.

8.7          Stockholder Approval

If the
stockholders of the Company do not approve the Plan within 12 months after the
Board of Director’s adoption of the Plan, any Incentive Stock Options will
become Nonqualified Stock Options.

8.8                               Code
Definitions

For purposes of this
Section 8, “parent corporation,” “subsidiary corporation” and “Disability”
shall have the meanings attributed to those terms for purposes of Section 422
of the Code.

SECTION 9.  STOCK AWARDS

9.1          Grant of Stock Awards

The Plan
Administrator is authorized to make Awards of Common Stock or Awards
denominated in units of Common Stock, including but not limited to Awards of
restricted stock, restricted stock units, performance awards or performance
units and stock bonuses, on such terms and conditions and subject to such
restrictions, if any (which may be based on continuous service with the Company
or the achievement of performance goals), as the Plan Administrator shall
determine, in its sole discretion, which terms, conditions and restrictions
shall be set forth in the instrument evidencing the Award.  The terms, conditions and restrictions that
the Plan Administrator shall have the power to determine shall include, without
limitation, the manner in which shares subject to Stock Awards are held during
the periods they are subject to restrictions and the circumstances under which
forfeiture of the Stock Award shall occur by reason of termination of the
Participant’s employment or service relationship.

 11
 

9.2          Issuance of Shares

Upon the
satisfaction of any terms, conditions and restrictions prescribed in respect to
a Stock Award, or upon the Participant’s release from any terms, conditions and
restrictions of a Stock Award, as determined by the Plan Administrator, the
Company shall release, as soon as practicable, to the Participant or, in the
case of the Participant’s death, to the personal representative of the
Participant’s estate or as the appropriate court directs, the appropriate number
of shares of Common Stock.

9.3          Waiver of Restrictions

Notwithstanding
any other provisions of the Plan, the Plan Administrator may, in its sole
discretion, waive the forfeiture period and any other terms, conditions or
restrictions on any Stock Award under such circumstances and subject to such
terms and conditions as the Plan Administrator shall deem appropriate.

9.4          Performance Criteria; Section 162(m)

The Plan
Administrator is authorized under the Plan, in its sole discretion, to issue
Awards, in any form permitted under the Plan, under which the grant, issuance,
retention, vesting and/or transferability of any Award is subject to the
attainment of such performance criteria and such additional terms or conditions
as the Plan Administrator may designate.

The Plan
Administrator shall also have the authority to grant Awards to Participants
that are intended to satisfy the performance-based compensation requirements of
Section 162(m) of the Code, including the attainment of pre-established goals
based upon Qualifying Performance Criteria, the martial terms of which have
been disclosed to and approved by the stockholders of the Company.

“Qualifying
Performance Criteria” shall mean one or more of the following performance
criteria applied to the individual, the Company as a whole, a Related
Corporation, a business unit, or any combination thereof, and measured either
annually or cumulatively over a period of years, on an absolute basis or
relative to a pre-established target, to a previous year’s results or to a
designated comparison group, in each case as specified by the Plan
Administrator in the Award agreement: (i) revenue, (ii) earnings before
interest, taxes, depreciation and amortization (EBITDA), (iii) operating
expenses, (iv) operating profit or operating margins, (v) earnings per share,
(vi) stock price, (vii) cash flow, (viii) financing, (ix) contract settlements,
(x) satellite launches, (xi) strategic partnerships, (xii) market share, and
(xiii) regulatory achievements, subject to adjustment by the Plan Administrator
to remove the effect of charges for restructurings, discontinued operations,
extraordinary items and all items of gain, loss or expense determined to be
extraordinary or unusual in nature or infrequent in occurrence, related to the
disposal of a segment or a business, or related to a change in accounting
principle or otherwise.

For Awards
intended to satisfy the requirements of Section 162(m) of the Code for
qualifying performance-based compensation, the Plan Administrator shall
designate the Qualifying Performance Criteria and establish the objective
performance goals in writing not later than 90 days after the beginning of the
applicable performance period, or any other period 

 12
 

permitted under Section
162(m).  The Plan Administrator must certify
in writing prior to payment of the compensation subject to the Award the extent
to which the pre-established performance goals and any other material terms
have been satisfied.

SECTION 10.  WITHHOLDING

The Company may
require the Participant to pay to the Company the amount of any withholding
taxes that the Company is required to withhold with respect to the grant,
vesting or exercise of any Award. 
Subject to the Plan and applicable law, the Plan Administrator may, in
its sole discretion, permit the Participant to satisfy withholding obligations,
in whole or in part, (a) by paying cash, (b) by electing to have the
Company withhold shares of Common Stock (up to the employer’s minimum required
tax withholding rate) or (c) by transferring to the Company shares of
Common Stock (already owned by the Participant for the period necessary to
avoid a charge to the Company’s earnings for financial reporting purposes), in
such amounts as are equivalent to the Fair Market Value of the withholding
obligation.  The Company shall have the
right to withhold from any Award or any shares of Common Stock issuable
pursuant to an Award or from any cash amounts otherwise due or to become due
from the Company to the Participant an amount equal to such taxes (up to the
employer’s minimum required tax withholding rate).  The Company may also deduct from any Award
any other amounts due from the Participant to the Company or a Related
Corporation.

SECTION 11.  TRANSFERABILITY

Awards granted
under the Plan and any interest therein may not be assigned, pledged or
transferred by the Participant and may not be made subject to attachment or
similar proceedings otherwise than by will or by the applicable laws of descent
and distribution, and, during the Participant’s lifetime, such Awards may be
exercised only by the Participant. 
Notwithstanding the foregoing, and to the extent permitted by
Section 422 of the Code with respect to incentive stock options, the Plan
Administrator, in its sole discretion, may permit such assignment, transfer and
exercisability and may permit a Participant to designate a beneficiary who may
exercise the Award or receive payment under the Award after the Participant’s
death; provided, however, that any Award so assigned or transferred shall be
subject to all the same terms and conditions contained in the instrument
evidencing the Award.

SECTION 12.  ADJUSTMENTS

12.1        Adjustment of Shares

In the event that,
at any time or from time to time, a stock dividend, stock split, spin-off,
combination or exchange of shares, recapitalization, merger, consolidation,
distribution to stockholders other than a normal cash dividend, or other change
in the Company’s corporate or capital structure results in (a) the
outstanding shares, or any securities exchanged therefor or received in their
place, being exchanged for a different number or kind of securities of the
Company or of any other corporation or (b) new, different or additional
securities of the Company or of any other corporation being received by the
holders of shares of Common Stock of the Company, then the Plan Administrator
shall make proportional adjustments in (i) the maximum number and kind of
securities subject to the Plan, issuable to any one Participant and

 13
 

issuable as Incentive
Stock Options as set forth in Section 4 and (ii) the number and kind
of securities that are subject to any outstanding Award and the per share price
of such securities, without any change in the aggregate price to be paid
therefor.  The determination by the Plan
Administrator as to the terms of any of the foregoing adjustments shall be
conclusive and binding.  Notwithstanding
the foregoing, a dissolution or liquidation of the Company or a Corporate
Transaction shall not be governed by this Section 12.1 but shall be
governed by Sections 12.2 and 12.3, respectively.

12.2        Dissolution or Liquidation

To the extent not
previously exercised or settled, and unless otherwise determined by the Plan
Administrator in its sole discretion, Options, Stock Appreciation Rights and
Stock Awards denominated in units shall terminate immediately prior to the
dissolution or liquidation of the Company. 
To the extent a forfeiture provision or repurchase right applicable to
an Award has not been waived by the Plan Administrator, the Award shall be
forfeited immediately prior to the consummation of the dissolution or
liquidation.

12.3        Corporate Transaction

12.3.1     Options
and Stock Appreciation Rights

(a)           In the event of a Corporate
Transaction as defined in Section 2 in clause (a) or (b), except as otherwise
provided in the instrument evidencing the Award, each outstanding Option and
Stock Appreciation Right shall be assumed or continued or an equivalent option
or right substituted by the surviving corporation, the successor corporation or
its parent corporation, as applicable (the “Successor Corporation”).

(b)           In the event that the Successor
Corporation refuses to assume, continue or substitute the Option or Stock
Appreciation Right, or in the event of a Corporate Transaction as defined in
Section 2 in clause (c), the Participant shall fully vest in and have the right
to exercise the Option or Stock Appreciation Right as to all of the shares of
Common Stock subject thereto, including shares as to which the Option or Stock
Appreciation Right would not otherwise be vested or exercisable.  In such case, the Plan Administrator shall
notify the Participant in writing or electronically that the Option or Stock
Appreciation Right shall be fully vested and exercisable for a specified time
period after the date of such notice, and the Option or Stock Appreciation
Right shall terminate upon the expiration of such period, in each case
conditioned on the consummation of the Corporate Transaction.

(c)           For the purposes of this
Section 12.3, the Option or Stock Appreciation Right shall be considered
assumed, continued or substituted if, following the Corporate Transaction, the
option or right confers the right to purchase or receive, for each share of
Common Stock subject to the Option or Stock Appreciation Right, immediately
prior to the Corporate Transaction, the consideration (whether stock, cash, or
other securities or property) received in the Corporate Transaction 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 chosen by the holders of a majority of the outstanding shares);
provided, however, that if such consideration received in the Corporate
Transaction is not solely common stock of 

 14
 

the Successor Corporation,
the Plan Administrator may, with the consent of the Successor Corporation,
provide for the consideration to be received upon the exercise of the Option or
Stock Appreciation Right, for each share of Common Stock subject thereto, to be
solely common stock of the Successor Corporation equal in fair market value to
the per share consideration received by holders of Common Stock in the
Corporate Transaction.  The determination
of such substantial equality of value of consideration shall be made by the
Plan Administrator and its determination shall be conclusive and binding.

(d)           All Options and Stock Appreciation
Rights shall terminate and cease to remain outstanding immediately following
the consummation of the Corporate Transaction, except to the extent assumed by
the Successor Corporation.

12.3.2     Stock Awards

In the event of a
Corporate Transaction, except as otherwise provided in the instrument
evidencing the Award, the vesting of shares subject to Stock Awards shall
accelerate, and the forfeiture provisions to which such shares are subject
shall lapse, if and to the same extent that the vesting of outstanding Options
or Stock Appreciation Rights accelerates in connection with the Corporate
Transaction.  If unvested Options or
Stock Appreciation Rights are to be assumed, continued or substituted by a
Successor Corporation without acceleration upon the occurrence of a Corporate
Transaction, the forfeiture provisions to which such Stock Awards are subject
shall continue with respect to shares of the Successor Corporation that may be
issued in exchange for such shares.

12.4        Further Adjustment of Awards

Subject to
Sections 12.1 and 12.2, the Plan Administrator shall have the discretion,
exercisable at any time before a Corporate Transaction or other sale, merger, consolidation,
reorganization, liquidation or change in control of the Company, as defined by
the Plan Administrator, to take such further action as it determines to be
necessary or advisable, and fair and equitable to the Participants, with
respect to Awards.  Such authorized
action may include (but shall not be limited to) establishing, amending or
waiving the type, terms, conditions or duration of, or restrictions on, Awards
so as to provide for earlier, later, extended or additional time for exercise,
lifting restrictions and other modifications, and the Plan Administrator may
take such actions with respect to all Participants, to certain categories of
Participants or only to individual Participants.  The Plan Administrator may take such action
before or after granting Awards to which the action relates and before or after
any public announcement with respect to such sale, merger, consolidation,
reorganization, liquidation or change in control that is the reason for such
action.

12.5        Limitations

The grant of
Awards shall in no way affect the Company’s right to adjust, reclassify,
reorganize or otherwise change its capital or business structure or to merge,
consolidate, dissolve, liquidate or sell or transfer all or any part of its
business or assets.

 15
 

12.6        Fractional Shares

In the event of any adjustment in the number of shares covered by any
Award, each such Award shall cover only the number of full shares resulting
from such adjustment.

SECTION 13.  MARKET STANDOFF

In connection with
any underwritten public offering by the Company of its equity securities
pursuant to an effective registration statement filed under the Securities Act,
including the Company’s initial public offering, a person shall not sell, make
any short sale of, loan, hypothecate, pledge, grant any option for the purchase
of, or otherwise dispose of or transfer for value or otherwise agree to engage
in any of the foregoing transactions with respect to any shares issued pursuant
to an Award granted under the Plan without the prior written consent of the
Company or its underwriters.  Such
limitations shall be in effect for such period of time as may be requested by
the Company or such underwriters and agreed to by the Company’s officers and
directors with respect to their shares; provided, however, that in no event
shall such period exceed 180 days.  The
limitations of this paragraph shall in all events terminate two years after the
effective date of the Company’s initial public offering.  Holders of shares issued pursuant to an Award
granted under the Plan shall be subject to the market standoff provisions of
this paragraph only if the officers and directors of the Company are also
subject to similar arrangements.

In the event of
any stock split, stock dividend, recapitalization, combination of shares,
exchange of shares or other change affecting the Company’s outstanding Common
Stock effected as a class without the Company’s receipt of consideration, any
new, substituted or additional securities distributed with respect to the
purchased shares shall be immediately subject to the provisions of this
Section 13, to the same extent the purchased shares are at such time
covered by such provisions.

In order to
enforce the limitations of this Section 13, the Company may impose
stop-transfer instructions with respect to the purchased shares until the end
of the applicable standoff period.

SECTION 14.  AMENDMENT AND
TERMINATION OF PLAN

14.1        Amendment of Plan

The Plan may be
amended only by the Board in such respects as it shall deem advisable;
provided, however, that to the extent required for compliance with
Section 422 of the Code or any applicable law or regulation, stockholder
approval shall be required for any amendment that would (a) increase the
total number of shares available for issuance under the Plan, (b) modify
the class of employees eligible to receive Options, or (c) otherwise
require stockholder approval under any applicable law or regulation.  Any amendment made to the Plan that would
constitute a “modification” to Incentive Stock Options outstanding on the date
of such amendment shall not, without the consent of the Participant, be
applicable to such outstanding Incentive Stock Options but shall have
prospective effect only.  Notwithstanding
the foregoing, any adjustments made pursuant to Section 12 shall not be
subject to these restrictions.

 16
 

14.2        Termination of Plan

The Board may
suspend or terminate the Plan at any time. 
Unless terminated earlier by the Board, the Plan shall terminate
automatically on April 23, 2017.  After
the Plan is terminated, no Awards may be granted.  Awards outstanding at the time the Plan is
terminated shall remain outstanding in accordance with the terms and conditions
of the Plan and the instruments evidencing the terms of the Awards.

14.3        Consent of Participant

Except as
otherwise may be required under Section 14.4, the amendment or termination of
the Plan or the amendment of an outstanding Award shall not, without the
Participant’s consent, impair or diminish any rights or obligations under any
Award theretofore granted to the Participant under the Plan.  Any change or adjustment to an outstanding
Incentive Stock Option shall not, without the consent of the Participant, be
made in a manner so as to constitute a “modification” that would cause such
Incentive Stock Option to fail to continue to qualify as an Incentive Stock
Option.  Notwithstanding the foregoing,
any adjustments made pursuant to Section 12 shall not be subject to these
restrictions.

14.4        Section 409A

Notwithstanding
anything in this Plan to the contrary, the Plan and Awards made under the Plan
are intended to avoid the imposition of an additional tax that may be imposed
under Section 409A of the Code.  If any
Plan provision or Award under the Plan would result in the additional tax under
Section 409A of the Code, the Company and the Participant intend that the Plan
provision or Award will be reformed to avoid imposition, to the extent
possible, of the applicable tax and no action taken to comply with Section 409A
of the Code shall be deemed to adversely affect the Participant’s rights to an
Award.  The Participant further agrees
that the Plan Administrator, in the exercise of its sole discretion and without
the consent of the Participant, may amend or modify an Award in any manner and
delay the payment of any amounts payable pursuant to an Award to the minimum
extent necessary to meet the requirements of Section 409A of the Code.

SECTION 15.  GENERAL

15.1        Evidence of Awards

Awards granted
under the Plan shall be evidenced by a written instrument that shall contain
such terms, conditions, limitations and restrictions as the Plan Administrator
shall deem advisable and that are not inconsistent with the Plan.

15.2        No Individual Rights

Nothing in the
Plan or any Award granted under the Plan shall be deemed to constitute an
employment contract or confer or be deemed to confer on any Participant any
right to continue in the employ of, or to continue any other relationship with,
the Company or any Related

 17
 

Corporation or limit in
any way the right of the Company or any Related Corporation to terminate a
Participant’s employment or other relationship at any time, with or without
Cause.

Neither a Participant nor any other person shall, by reason
of participation in the Plan, acquire any right in or title to any assets,
funds or property of the Company or any Related Corporation whatsoever
including, without limitation, any specific funds, assets or other property
which the Company or any Related Corporation, in its or their sole discretion,
may set aside in anticipation of a liability under the Plan.  A Participant shall have only a contractual
right to the Common Stock or amounts, if any, payable under the Plan, unsecured
by any assets of the Company or any Related Corporation, and nothing contained
in the Plan shall constitute a representation of guarantee that the assets of
the Company or any Related Corporation shall be sufficient to pay any benefits
to any person.

Nothing in this Plan nor in any agreement evidencing an
Award shall confer upon any eligible employee or Participant any promise or
commitment by the Company or a Related Corporation regarding future positions,
future work assignments, future compensation or any other term or condition or
employment or affiliation.

The Company, in establishing and maintaining this Plan as a
voluntary and unilateral undertaking, expressly disavows the creation of any
rights in eligible employees, Participants or others claiming entitlement under
the Plan or any obligations on the part of the Company, any Related Corporation
or the Plan Administrator, except as expressly provided herein.  In particular, no third party beneficiary
rights shall be created under the Plan. 
Without limiting the generality of the foregoing, the Company disavows
any undertaking to maintain the tax-qualified status of Options designated as
Incentive Stock Options or to assure the tax treatment of any particular award,
including the deferral or transfer of any Award benefits, as may be permitted
by the Plan Administrator.

15.3        Issuance of Shares

Notwithstanding
any other provision of the Plan, the Company shall have no obligation to issue
or deliver any shares of Common Stock under the Plan or make any other
distribution of benefits under the Plan unless such issuance, delivery or
distribution would comply with all applicable laws (including, without
limitation, the requirements of the Securities Act), and the applicable
requirements of any securities exchange or similar entity.

The Company shall
be under no obligation to any Participant to register for offering or resale or
to qualify for exemption under the Securities Act, or to register or qualify
under state or foreign securities laws, any shares of Common Stock, security or
interest in a security paid or issued under, or created by, the Plan, or to
continue in effect any such registrations or qualifications if made.  The Company may issue certificates for shares
with such legends and subject to such restrictions on transfer and stop-transfer
instructions as counsel for the Company deems necessary or desirable for
compliance by the Company with federal, state and foreign securities laws.

To the extent that
the Plan or any instrument evidencing an Award provides for issuance of stock
certificates to reflect the issuance of shares of Common Stock, the issuance
may be 

 18
 

effected on a
noncertificated basis, to the extent not prohibited by applicable law or the
applicable rules of any stock exchange. 
As a condition to the exercise of an Option or any other receipt of
Common Stock pursuant to an Award under the Plan, the Company may require (i)
the Participant to represent and warrant at the time of any such exercise or
receipt that such shares are being purchased or received only for the
Participant’s own account and without any present intention to sell or
distribute such shares and (ii) such other action or agreement by the
Participant as may from time to time be necessary to comply with the foreign,
federal and state securities laws.  At
the option of the Company, a stop-transfer order against any such shares
may be placed on the official stock books and records of the Company, and a
legend indicating that such shares may not be pledged, sold or otherwise
transferred, unless an opinion of counsel is provided (concurred in by counsel
for the Company) stating that such transfer is not in violation of any
applicable law or regulation, may be stamped on stock certificates to ensure
exemption from registration.  The Plan
Administrator may also require the Participant to execute and deliver to the
Company a purchase agreement or such other agreement as may be in use by the
Company at such time that describes certain terms and conditions applicable to
the shares.

15.4        No Rights as a Stockholder

No Option, Stock
Appreciation Right, or Stock Award denominated in units shall entitle the
Participant to any cash dividend, voting or other right of a stockholder unless
and until the date of issuance under the Plan of the shares that are the
subject of such Award.

15.5        Compliance With Laws and Regulations

Notwithstanding anything
in the Plan to the contrary, the Plan Administrator, in its sole discretion,
may bifurcate the Plan so as to restrict, limit or condition the use of any
provision of the Plan to Participants who are officers or directors subject to
Section 16 of the Exchange Act without so restricting, limiting or
conditioning the Plan with respect to other Participants.  Additionally, in interpreting and applying
the provisions of the Plan, any Option granted as an Incentive Stock Option
pursuant to the Plan shall, to the extent permitted by law, be construed as an “incentive
stock option” within the meaning of Section 422 of the Code.

15.6        Participants in Foreign Countries

The Plan
Administrator shall have the authority to adopt such modifications, procedures
and subplans as may be necessary or desirable to comply with provisions of the
laws of foreign countries in which the Company or its Related Corporations may
operate to assure the viability of the benefits from Awards granted to
Participants employed in such countries and to meet the objectives of the Plan.

15.7        No Trust or Fund

The Plan is
intended to constitute an “unfunded” plan. 
Nothing contained herein shall require the Company to segregate any
monies or other property, or shares of Common Stock, or to create any trusts,
or to make any special deposits for any immediate or deferred amounts payable
to any Participant, and no Participant shall have any rights that are greater
than those of a general unsecured creditor of the Company.

 19
 

15.8        Severability

If any provision
of the Plan or any Award is determined to be invalid, illegal or unenforceable
in any jurisdiction, or as to any person, or would disqualify the Plan or any
Award under any law deemed applicable by the Plan Administrator, such provision
shall be construed or deemed amended to conform to applicable laws, or, if it
cannot be so construed or deemed amended without, in the Plan Administrator’s
determination, materially altering the intent of the Plan or the Award, such
provision shall be stricken as to such jurisdiction, person or Award, and the
remainder of the Plan and any such Award shall remain in full force and effect.

15.9        Choice of Law

The Plan and all
determinations made and actions taken pursuant hereto, to the extent not
otherwise governed by the laws of the United States, shall be governed by the
laws of the State of Washington without giving effect to principles of
conflicts of laws.

 20

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