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                                                                    EXHIBIT 10.1

                               WEBSIDESTORY, INC.
                    NON-EMPLOYEE DIRECTOR COMPENSATION POLICY

                           (AS AMENDED APRIL 20, 2005)

      Certain non-employee members of the board of directors (the "BOARD") of
WebSideStory, Inc. (the "COMPANY") are eligible to receive equity compensation
following the first date upon which the Company's common stock is listed (or
approved for listing) upon notice of issuance on any securities exchange or
designated (or approved for designation) upon notice of issuance as a national
market security on an interdealer quotation system (the "PUBLIC TRADING DATE")
as set forth in this Non-Employee Director Compensation Policy (this "POLICY").
The option grants described in this Policy will be made automatically, and
without further action of the Board, to each non-employee director who may be
eligible to receive such options unless such non-employee director declines the
receipt of such options by notice to the Company. This Policy will remain in
effect until it is revised or rescinded by further action of the Board.

      The options described below will be granted under and will be subject to
the terms and provisions of the Company's 2004 Equity Incentive Award Plan (the
"2004 PLAN"). The options described below will be granted subject to the
execution and delivery of option agreements, including attached exhibits, in
substantially the same forms previously approved by the Board, setting forth the
vesting schedule applicable to such options and such other terms as may be
required by the 2004 Plan.

      All share numbers set forth in this Policy give effect to the reverse
stock split to be implemented by the Company in connection with its initial
public offering.

      1.    Eligibility. All non-employee members of the Board will be eligible
to receive options as described in this Policy. The Board, in its sole
discretion, will determine whether a non-employee director is eligible for an
option grant pursuant to this Policy.

      2.    Initial Options. (i) A person who is a non-employee director as of
the Public Trading Date and who does not hold any options to purchase shares of
the Company's common stock on such date shall be eligible to receive a
non-qualified stock option to purchase 35,000 shares of common stock (subject to
adjustment as provided in the 2004 Plan) on the Public Trading Date, and (ii) a
person who is initially elected to the Board following the Public Trading Date
and who is a non-employee director at the time of such initial election, will be
eligible to receive a non-qualified stock option to purchase 35,000 shares of
the Company's common stock (subject to adjustment as provided in the 2004 Plan)
on the date of such initial election (each, an "INITIAL OPTION").

      3.    Subsequent Options. Once any person who is a non-employee director
becomes fully vested in his or her outstanding option grants (including a
non-employee director serving on the Board as of the Public Trading Date who
does not receive an Initial Option and any non-employee director who becomes
eligible to receive options under this Policy pursuant to paragraph 4 below), he
or she will be eligible to receive a non-qualified stock option to purchase
35,000 shares of the Company's common stock (subject to adjustment as provided
in the 2004 Plan) on the first day after his or her outstanding option grants
become fully vested (each, a
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"SUBSEQUENT OPTION"); provided, however, that a Subsequent Option will not be
granted in the event a non-employee director's outstanding option grants become
fully vested in connection with a Change in Control (as defined in the 2004
Plan), the non-employee director's termination of service as a member of the
Board or as a result of another non-recurring transaction, in each case as
determined by the Board in its sole discretion.

      4.    Options to Audit Committee Chairman. (i) The person who is serving
as the chairman of the audit committee of the Board as of April 20, 2005 will be
eligible to receive a non-qualified stock option to purchase 20,000 shares of
the Company's common stock (subject to adjustment as provided in the 2004 Plan)
on such date, and (ii) a person who is initially elected to serve as the
chairman of the audit committee of the Board following the Public Trading Date
will be eligible to receive a non-qualified stock option to purchase 20,000
shares of the Company's common stock (subject to adjustment as provided in the
2004 Plan) on the date of such initial election, which option shall be in
addition to any option granted to such person pursuant to paragraph 2 above.
Once any option pursuant to this paragraph 4 becomes fully vested, if the person
holding such option is still serving as the chairman of the audit committee of
the Board on such date, he or she will be eligible to receive a non-qualified
stock option to purchase 20,000 shares of the Company's common stock (subject to
adjustment as provided in the 2004 Plan) on the first day after his or her
outstanding option granted pursuant to this paragraph 4 becomes fully vested;
provided, however, that no option will be granted in the event a non-employee
director's outstanding option granted pursuant to this paragraph 4 becomes fully
vested in connection with a Change in Control (as defined in the 2004 Plan), the
non-employee director's termination of service as a member of the Board or as a
result of another non-recurring transaction, in each case as determined by the
Board in its sole discretion.

      5.    Retirement of Employee Directors. Members of the Board who are
employees of the Company who subsequently retire from the Company and remain on
the Board will be eligible to receive, after retirement from employment with the
Company, options as described in paragraph 3 above.

      6.    Terms of Options Granted to Non-Employee Directors

            (a)   Exercise Price. The per share price of each option granted to
a non-employee director pursuant to this Policy will equal 100% of the fair
market value of a share of the Company's common stock on the date the option is
granted (as determined under the 2004 Plan).

            (b)   Vesting. Options granted to non-employee directors pursuant to
this Policy will become vested and exercisable as follows: 25% of the total
number of shares subject to each option (rounded down to the nearest whole
share) will vest on the one year anniversary of the date of grant and 1/48th of
the total number of shares subject to each option (rounded down to the nearest
whole share) will vest in equal monthly installments on each monthly anniversary
of the date of grant thereafter, such that each option will be 100% vested on
the fourth anniversary of its date of grant, subject to a director's continuing
service on the Board through such dates. The term of each option granted to a
non-employee director pursuant to this Policy will be ten years from the date
the option is granted. No portion of an option granted pursuant to this Policy
which is unexercisable at the time of a non-employee director's termination of
membership on the Board will thereafter become exercisable.

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Exhibit 4.1

                         2005 STOCK COMPENSATION PLAN I

         THIS STOCK COMPENSATION PLAN I adopted this 1st day of March, 2005, by
MIRACOR DIAGNOSTICS, INC., a Utah corporation with its principal place of
business being located at 9191 Towne Centre Drive - Suite 400, San Diego,
California 92122.

                                   WITNESSETH:

         WHEREAS, the Board of Directors of Miracor Diagnostics, Inc., (the
"Company") has determined that it would be to its advantage, and in its best
interests, to grant certain consultants and advisors, as well as certain
employees the opportunity to purchase stock in the Company as a result of
compensation for their service; and

         WHEREAS, the Board of Directors (the "Board") believes that the Company
can best obtain advantageous benefits by issuing stock to such designated
individuals from time to time.

         NOW THEREFORE, the Board adopts this as the 2005 Stock Compensation
Plan I (the "Plan").

1.00     EFFECTIVE DATE AND TERMINATION OF PLAN
         --------------------------------------
         The effective date of the Plan is March 1, 2005, which is the day the
Plan was adopted by the Board. The Plan will terminate on the earlier of the
date of the grant of the final option for last common stock allocated under the
Plan or five years from the date thereof, whichever is earlier.

2.00     ADMINISTRATION OF PLAN
         ----------------------

         The Plan shall be administered by the Board, which may adopt such rules
and regulations for its administration as it may deem necessary or appropriate,
or may be administered by a Compensation Committee to be appointed by the Board,
to have such composition and duties as the Board may from time to time
determine.

3.00     ELIGIBILITY TO PARTICIPATE IN THE PLAN
         --------------------------------------

         3.01 Subject to the provisions of the Plan, the Board, or its designee,
shall determine and designate, from time to time those consultants, advisors,
and employees of the Company, or consultants, advisors, and employees of a
parent or subsidiary corporation of the Company, to whom shares are to be issued
hereunder and the number of shares to be issued from time to time to any
individual or entity. In determining the eligibility of an individual or entity
to receive shares, as well as in determining the number of shares to be issued
to any individual or entity, the Board, or its designee, shall consider the
nature and value to the Company for the services which have been rendered to the
Company and such other factors as the Board, or its designee, may deem relevant.

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         3.02 To be eligible to be selected to receive stock, an individual must
be a consultant, advisor or an employee of the Company or a consultant, advisor,
or an employee of a parent or subsidiary Corporation of the Company. The
issuance of stock shall be confirmed by the action of the Board or its designee.
Shares shall be issued directly to such entities.

         3.03 Stock may be issued to any individual or entity eligible
hereunder, regardless of his previous stockholdings.

         3.04 The issue price of the stock for which any person may be issued
under this Plan (and all other plans of the Company) may be increased or reduced
by the Board, or its designee, from time to time.

4.00     NUMBER OF SHARES SUBJECT TO THE PLAN
         ------------------------------------

         4.01. The Board, shall reserve for the purposes of the Plan a total of
Eight Hundred Thousand (800,000) of the authorized but unissued shares of common
shares of the Company.

5.00     PRICE OF COMMON SHARES
         ----------------------

         5.01. The initial and standard price per share of common stock to be
issued directly shall be $.20 per share but may be changed in each case by the
Board, or its designee, from time to time. If the share price is changed, the
Board, or its designee, shall determine the share price no later than the date
of the issuance of the shares and at such other times as the Board, or its
designee, deems necessary. The Board shall have absolute final discretion to
determine the price of the common stock under the Plan. In the absence of such
specific determination, the share price will be $.20 per share.

6.00     RESTRICTIONS ON TRANSFER
         ------------------------

         6.01 No right or privilege of any person under the Plan shall be
transferable or assignable, except to the person's personal representative in
the event of the person's death, and except as provided in Section 6.02, the
right to receive stock granted hereunder is exercisable only by the person
during his life.

         6.02 If an person dies holding the right to receive stock to be issued
pursuant to this Plan, his personal representative shall have the right to
exercise such right for only within one year after the date of the death of the
person.

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7.00     RECLASSIFICATION, CONSOLIDATION OR MERGER
         -----------------------------------------

         If and to the extent that the number of issued shares of common stock
of the Company shall be increased or reduced by change in par value, split-up,
reclassification, distribution of a dividend payable in stock, or the like, the
number of shares subject to direct issuance and the price thereof per share
shall be proportionately adjusted. If the Company is reorganized or consolidated
or merged with another corporation, the person shall be entitled to receive
direct issuance covering shares of such reorganized, consolidated, or merged
company in the same proportion, at an equivalent price, and subject to the same
conditions.

8.00     DISSOLUTION OR LIQUIDATION
         --------------------------

         Upon the dissolution or liquidation of the Company, the rights granted
hereunder shall terminate and become null and void, but the person shall have
the right immediately prior to such dissolution or liquidation to exercise any
right granted and exercisable hereunder to the full extent not before exercised.

9.00     BINDING EFFECT
         --------------

         This Plan shall inure to the benefit of and be binding upon the Company
and its employees, and their respective heirs, executors, administrators,
successors and assigns.

10.00    ADOPTION OF PLAN
         ----------------

         This Plan has been duly adopted by the Board of Directors of the
Company on March 1, 2005.

11.00    NOTICES
         -------

         Any notice to be given to the Company under the terms of this plan
shall be addressed to such address as is set forth on the first page hereof.

         IN WITNESS WHEREOF, the Company has caused this Plan to be executed on
its behalf by its President, to be sealed by its corporate seal, and attested by
its Secretary effective the day and year first above written.

                                          MIRACOR DIAGNOSTICS, INC.

                                          By /s/ M. Lee Hulsebus
                                             --------------------------
                                             Chief Executive Officer
ATTEST:

/s/ Ross S. Seibert
---------------------------
    Secretary
(SEAL)

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