Document:

Filed by Automated Filing Services Inc. (604) 609-0244 - Banyan Corporation - Exhibit 10.5

 ADVANCE PROMISSORY NOTE 

	 $100,000.00  	 Calgary, Alberta  	 As of December 1, 2004

              Subject
  to the terms and conditions hereof, Banyan Corporation, an Oregon corporation
  (“Banyan”) promises to pay to the order of 860532 Alberta Corp.,
  a corporation organized and existing under the laws of Alberta, Canada (“Note
  Holder”), at Suite 207, 5005 Elbow, Drive S.W., Calgary, Alberta, Canada
  T2S 2T6 or at such other place as Note Holder may designate in writing one
  hundred thousand and no/100 dollars ($100,000.00) in lawful money of
  the United States of America, or so much thereof as Holder may advance
  to or for the benefit of Banyan plus simple interest at the rate of seven percent
  (7.00%) per annum calculated on a daily basis from the date hereof on the principal
  balance from time to time outstanding, on January 1, 2006. As of the
  date hereof, the outstanding balance due from Banyan hereunder for any and all
  amounts advanced by Note Holder prior to the date hereof is twenty three thousand
  eight hundred sixty three dollars and no/100 dollars ($23,863.00) . This
  promissory note supersedes any and all promissory notes and any other evidences
  of the indebtedness of Banyan to the Note Holder, all of which are hereby refinanced
  pursuant to the terms and conditions hereof. 

              Banyan
  may prepay the principal amount outstanding under this Promissory Note, in whole
  or in part, at any time without penalty. Any partial prepayment of principal
  hereunder shall be applied against the principal amount outstanding and shall
  not postpone the due date of any subsequent payments or change the amount of
  such payments.

              It
  is agreed that if this Note is not paid when due or declared due hereunder,
  the entire principal and accrued interest thereon shall draw interest at the
  rate of ten percent (9.00%) per annum, and that failure to make any payment
  of principal or interest when due or any default under any encumbrance or agreement
  securing this Note shall cause the whole Note to become due at once, or the
  interest to be counted as principal, at the option of the holder of the Note.
  Banyan waives presentment for payment, protest, notice of non-payment and of
  protest, and agrees to any extension of time of payment and partial payments
  before, at or after maturity. If this Note or interest thereon is not paid when
  due, or suit is brought, the parties agree to pay the prevailing party all reasonable
  costs of collection, including a reasonable amount for attorney’s fees.

BANYAN CORPORATION 

  

  

  

  _____________________________

  Michael Gelmon, 

  Chief Executive Officer 

              Acknowledged
  and accepted as of this 1st day of December 2004. 

  

860532 Alberta Corp. 

  

  

  

  ____________________________

  Cory Gelmon, Authorized OfficerFiled by Automated Filing Services Inc. (604) 609-0244 - Banyan Corporation - Exhibit 10.6

 PROMISSORY NOTE 

	 $60,000.00 Canadian  	
Calgary, Alberta 
		
As of October 1, 2001 
	
	 

		 

		
and November 1, 2001 
	

              Subject
  to the terms and conditions hereof, Banyan Corporation, an Oregon corporation
  (“Banyan”) promises to pay to the order of Eva Gelmon (“Note
  Holder”), at Suite 207, 5005 Elbow, Drive S.W., Calgary, Alberta, Canada
  T2S 2T6 or at such other place as Note Holder may designate in writing sixty
  thousand and no/100 dollars ($60,000.00) in lawful money of the Commonwealth
  of Canada, payable in one installment of principal plus simple interest at the
  rate of ten percent (10.00%) per annum) on April 30, 2005. This promissory note
  is issued with respect to two advances to Banyan by or on behalf of Note Holder
  of thirty thousand and no/100 dollars Canadian on or about October 1, 2001 and
  November 1, 2001. 

              Banyan
  may prepay the principal amount outstanding under this Promissory Note, in whole
  or in part, at any time without penalty. Any partial prepayment of principal
  hereunder shall be applied against the principal amount outstanding and shall
  not postpone the due date of any subsequent payments or change the amount of
  such payments.

              It
  is agreed that if this Note is not paid when due or declared due hereunder,
  the entire principal and accrued interest thereon shall draw interest at the
  rate of ten percent (10.00%) per annum, and that failure to make any payment
  of principal or interest when due or any default under any encumbrance or agreement
  securing this Note shall cause the whole Note to become due at once, or the
  interest to be counted as principal, at the option of the holder of the Note.
  Banyan waives presentment for payment, protest, notice of non-payment and of
  protest, and agrees to any extension of time of payment and partial payments
  before, at or after maturity. If this Note or interest thereon is not paid when
  due, or suit is brought, the parties agree to pay the prevailing party all reasonable
  costs of collection, including a reasonable amount for attorney’s fees.

BANYAN CORPORATION 

  

  

  

  _____________________________

  Michael Gelmon, 

  Chief Executive OfficerFiled by Automated Filing Services Inc. (604) 609-0244 - Banyan Corporation - Exhibit 10.7

 BANYAN CORPORATION 

 2004 HUMAN RESOURCES INCENTIVE PLAN 

 ARTICLE I 

 PURPOSES 

           Section
  1.1. Purposes. The purposes of the Banyan Corporation 2004 Human Resources
  Incentive Plan (the "Incentive Plan") are to enhance the long-term stockholder
  value of Banyan Corporation, an Oregon corporation (the "Company") by encouraging
  highly qualified employees, directors, officers, independent contractors, consultants,
  agents, and advisors to serve the Company by offering an additional stake in
  its growth and success through stock ownership.

 ARTICLE II 

 DEFINITIONS 

           For
  purposes of this Incentive Plan, the following terms shall have the following
  meanings, unless the context otherwise requires:

           Section
  2.1. "Award" means an award or grant made pursuant to this Incentive Plan, including,
  but not limited to, awards or grants of Stock Awards and Options, or any combination
  of the foregoing.

           Section
  2.2. "Board" means the Board of Directors of the Company.

           Section
  2.3. "Cause" means dishonesty, fraud, misconduct, unauthorized use or disclosure
  of confidential information or trade secrets, or conviction or confession of
  a crime punishable by law (except minor violations), in each case as determined
  by the Plan Administrator, whose determination shall be conclusive and binding.

           Section
  2.4. "Code" means the Internal Revenue Code of 1986, as amended from time to
  time.

           Section
  2.5. "Common Stock" means the Class A Common Stock, no par value, of the Company.

           Section
  2.6. "Corporate Transaction" means any of the following events:

           (a)
  Consummation of any merger or consolidation of the Company in which the Company
  is not the continuing or surviving corporation, or pursuant to which shares
  of 

1

 Common Stock are converted into cash, Securities or other
  property (other than a merger of the Company in which the holders of Common
  Stock immediately prior to the merger have the same proportionate ownership
  of capital stock of the surviving corporation immediately after the merger);

           (b)
  Consummation of any sale, lease, exchange or other transfer in one transaction
  or a series of related transactions of all or substantially all of the Company's
  assets other than a transfer of the Company's assets to a majority-owned subsidiary
  corporation (as the term "Subsidiary Corporation" is defined in Section 8.3)
  of the Company; or,

           (c)
  Approval by the holders of the Common Stock of any plan or proposal for the
  liquidation or dissolution of the Company.

           Ownership
  of voting Securities shall take into account and shall include ownership as
  determined by applying Rule 13d-3(d)(1)(i) under the Exchange Act as in effect
  on the date of adoption of this Incentive Plan.

           Section
  2.7. "Disability" means "disability" as that term is defined for purposes of
  Section 22(e)(3) of the Code.

           Section
  2.8. "Disposition Date" means the date on which an Optionee sells, exchanges,
  or gifts or otherwise transfers or disposes of the Common Stock underlying an
  Option. 

           Section
  2.9. "Early Retirement" means early retirement as that term is defined by the
  Plan Administrator from time to time for purposes of this Incentive Plan. 

           Section
  2.10. "Employee" means an individual with whom the Company has an employment
  relationship, determined with reference to withholding rules in §3401 of
  the Code.

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

           Section
  2.12. "Exercise Date" means the date on which the Optionee tenders the Exercise
  Price to the Company. 

           Section
  2.13. "Exercise Price" means the price per share of stock established by the
  Plan Administrator at which the Optionee may acquire the stock underlying the
  Option.

           Section
  2.14. "Fair Market Value" shall be (a) the prevailing market price of the Common
  Stock determined with reference to the most contemporaneous cash sale prices
  as of the Grant Date, if the Common Stock is not listed on NASDAQ or an exchange,
  (b) if the Common Stock is listed on the NASDAQ or the OTC Bulletin Board, the
  average of the high and low per share sales prices for the Common Stock as reported
  by the NASD for a single trading day, or (c) if the Common Stock is listed on
  the New York 

2

 Stock Exchange or the American Stock Exchange, the average
  of the high and low per share sales prices 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 the Fair Market Value.

           Section
  2.15. "Grant Date" means the date the Plan Administrator adopted the granting
  resolution 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. If, however, the Plan Administrator designates in a resolution a
  later date as the date an Award is to be granted, then such later date shall
  be the "Grant Date."

           Section
  2.16. "Incentive Award Agreement" means the written instrument that evidences
  the award of Options or a Stock Award to a containing such terms, conditions,
  limitations and restrictions as this Incentive Plan may require and the Plan
  Administrator shall deem advisable that are not inconsistent with this Incentive
  Plan. In the case of Options, an Incentive Award Agreement shall be substantially
  in the form as set forth in the Human Resources Incentive Plan Stock Option
  Award attached as Exhibit A hereto. In the case of a Stock Award, the Incentive
  Award Agreement shall be in such form as the Plan Administrator may establish
  from time to time in accordance with this Incentive Plan. 

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

           Section
  2.18. "Legacy Plans" shall include any of the existing stock option plans of
  the Company, including the 1996 Incentive Stock Option Plan and the 2000 Incentive
  Stock Option Plan and any stock options and warrants heretofore issued on an
  ad hoc basis. 

           Section
  2.19. "Non-Qualified Stock Option" means an Option to purchase Common Stock
  granted under Section 7 other than an Incentive Stock Option.

           Section
  2.20. "Option" means the right but not the obligation to purchase Common Stock
  granted under Section 7.

           Section
  2.21. "Optionee" means the individual granted an Option. 

           Section
  2.22. "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 Article X; or (c) person(s) to whom
  an Award has been transferred in accordance with Section 10.

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           Section
  2.23. "Plan Administrator" means the Board or any committee of the Board designated
  to administer this Incentive Plan under Section 3.1.

           Section
  2.24. "Retirement" means retirement as of the individual's normal retirement
  date as the Plan Administrator from time to time for purposes of this Incentive
  Plan defines that term.

           Section
  2.25. "Securities Act" means the Securities Act of 1933, as amended.

           Section
  2.26. "Stock Award" means shares of Common Stock or units denominated in Common
  Stock granted under Article IX, the rights of ownership of which may be subject
  to restrictions prescribed by the Plan Administrator.

           Section
  2.27. "Subsidiary," except as provided in Section 8.3 in connection with Incentive
  Stock Options, means any entity that is directly or indirectly controlled by
  the Company or in which the Company has a significant ownership interest, as
  determined by the Plan Administrator, and any entity that may become a direct
  or indirect parent of the Company.

 ARTICLE III 

 ADMINISTRATION 

           Section
  3.1. Plan Administrator. This Incentive Plan shall be administered by
  the Board, or a committee or committees (which term includes subcommittees)
  appointed by, and consisting of one or more members of the Board or officers
  of the Company. If and 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
  Plan Administrator and the membership of any committee acting as Plan Administrator,
  with respect to any persons subject or likely to become subject to Section 16
  of the Exchange Act, the provisions regarding (a) "outside directors" as contemplated
  by Section 162(m) of the Code and (b) "non employee directors" as contemplated
  by Rule 16b-3 under the Exchange Act. The Board may delegate the responsibility
  for administering this Incentive Plan with respect to designated classes of
  eligible persons to different committees consisting of one or more members of
  the Board or officers of the Company, 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.

           Section
  3.2. Administration and Interpretation by the Plan Administrator. Except
  for the terms and conditions explicitly set forth in this Incentive Plan, the
  Plan Administrator shall have exclusive authority, in its discretion, to determine
  all matters relating to Awards under this Incentive 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, all terms, conditions, restrictions and
  limitations, if any, of an Award and the terms of any Incentive Award Agreement.
  The Plan Administrator shall also have exclusive authority to interpret this
  Incentive Plan and may from time to time adopt, and change, rules and regulations
  of general application for this Incentive Plan's 

4

 administration. The Plan Administrator's interpretation of
  this Incentive Plan and its rules and regulations, and all actions taken and
  determinations made by the Plan Administrator pursuant to this Incentive Plan,
  shall be conclusive and binding on all parties involved or affected. The Plan
  Administrator may delegate from time to time administrative duties to such of
  the Company's officers as it may determine.

 ARTICLE IV 

 STOCK SUBJECT TO INCENTIVE PLAN

           Section
  4.1. Authorized Number of Shares. Subject to adjustment from time to
  time as provided in Section 11.1, a maximum of fifty million (50,000,000) shares
  of Common Stock shall be available for issuance under this Incentive Plan. 

           Section
  4.2. Limitations. Subject to adjustment from time to time as provided
  in Section 11.1, not more than two million (2,000,000) shares of Common Stock
  may be made subject to Awards under this Incentive Plan to any individual in
  the aggregate in any one fiscal year of the Company, except that the Company
  may make additional onetime grants of up to two million shares (2,000,000) to
  newly hired individuals or Optionees, such limitation to be applied in a manner
  consistent with the requirements of, and only to the extent required for compliance
  with, the exclusion from the limitation on deductibility of compensation under
  Section 162(m) of the Code.

           Section
  4.3. Re-Use of Shares. Any 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 payment of the Award to the extent it is exercised for or settled in shares)
  and/or Common Stock subject to repurchase or forfeiture which is subsequently
  reacquired by the Company, shall again be available for issuance in connection
  with future grants of Awards under this Incentive Plan; provided, however, that
  for purposes of Section 4.2, any such shares shall be counted in accordance
  with the requirements of Section 162(m) of the Code. 

 ARTICLE V 

 ELIGIBILITY

           Section
  5.1. Eligibility. Awards may be granted under this Incentive Plan to
  those Employees of the Company and its Subsidiaries as the Plan Administrator
  from time to time selects. Awards may also be granted to directors, officers,
  independent contractors, consultants, agents, and advisors who provide services
  to the Company and its Subsidiaries.

5

 ARTICLE VI 

 AWARDS

           Section
  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 this Incentive Plan. Such Awards may include, but are not limited
  to, Incentive Stock Options, Non-Qualified Stock Options and Stock Awards. Awards
  may be granted singly or in combination.

           Section
  6.2. Settlement of Awards. The Company may settle Awards through the
  delivery of shares of Common Stock, cash payments, the granting of replacement
  Awards 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 Plan
  Administrator may at any time offer to buy out, for a payment in cash or Common
  Stock, an Award previously granted based on such terms and conditions as the
  Plan Administrator shall establish and communicate to the Participant at the
  time such offer is made.

           Section
  6.3. Acquired Company Awards. Notwithstanding anything in this Incentive
  Plan to the contrary, the Plan Administrator may grant Awards under this Incentive
  Plan in substitution for awards issued under other plans, or assume under this
  Incentive Plan awards issued under other plans, if the other plans are or were
  plans of other acquired entities ("Acquired Entities") (or the parent of an
  Acquired Entity) and the new Award is substituted, or the old award is assumed,
  by reason of a merger, consolidation, acquisition of property or of stock, reorganization
  or liquidation (the "Acquisition Transaction"). In the event that a written
  agreement pursuant to which the Acquisition Transaction is completed is approved
  by the Board and said agreement sets forth the terms and conditions of the substitution
  for or assumption of outstanding awards of the Acquired Entity, said 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
  6.4. Options Outstanding under Legacy Plans. The Plan Administrator shall
  substitute, in the case of Employees, Incentive Stock Options and, in the case
  of directors, officers, independent contractors, consultants, agents and advisors
  who are not Employees, Non-Qualified Stock Options, under this Incentive Plan
  for all outstanding granted under the Legacy Plans, each of which shall be subject
  to and conformed with this Incentive Plan and reissued in conformity therewith
  as of their respective original grant dates. 

6

 ARTICLE VII 

 TERMS AND CONDITIONS OF OPTIONS

           Section
  7.1. Grant of Options. The Plan Administrator is authorized under this
  Incentive Plan, in its sole discretion, to issue Options as Incentive Stock
  Options or as Non-Qualified Stock Options, which shall be appropriately designated.

           Section
  7.2. Option Exercise Price. The Exercise Price shall be as determined
  by the Plan Administrator; provided, however, that he Exercise Price shall not
  be less than one hundred percent (100%) of the Fair Market Value of the Common
  Stock on the Grant Date with respect to Incentive Stock Options, subject to
  the provisions of Section 8.2 hereof in the case of 10% shareholders.

           Section
  7.3. Term of Options. The term of each Option shall be as established
  by the Plan Administrator or, if not so established, shall be ten (10) years
  from the Grant Date.

           Section
  7.4. Exercise and Vesting of Options. The Plan Administrator shall establish
  and set forth in each Incentive Award Agreement the time at which, or the installments
  in which, an Option shall vest and become exercisable, which provisions may
  be waived or modified by the Plan Administrator at any time or from time to
  time. If not so established in the Incentive Award Agreement, the Option will
  be immediately exercisable and the shares subject to the Option will vest according
  to the following schedule, which may be waived or modified by the Plan Administrator
  at any time: the number of shares determined by multiplying the percentage obtained
  by dividing (a) the length of the Participant's employment or service with the
  Company or its Subsidiaries by (b) the number of years from the Grant Date that
  the Option is exercisable. Any unvested shares acquired upon exercise of an
  Option shall be subject to repurchase by the Company upon termination of the
  Participant's employment or services in accordance with the provisions of Section
  14.1.

           To
  the extent that the right to purchase shares has accrued thereunder, an Option
  may be exercised from time to time by written notice to the Company, in form
  and substance as set forth in the Notice of Exercise of Human Resources Incentive
  Plan Stock Option Award attached hereto as Exhibit B (the "Notice of Exercise")
  in accordance with procedures established by the Plan Administrator, setting
  forth the number of shares with respect to which the Option is being exercised
  and accompanied by payment in full as described in Section 7.5. The Plan Administrator
  may determine at any time that an Option may not be exercised as to less than
  one hundred (100) shares at any one time for vested shares and any number in
  its discretion for unvested shares (or the lesser number of remaining shares
  covered by the Option). Execution and delivery of the Notice of Exercise shall
  be a condition precedent to exercise of an Option by the Participant. 

           Section
  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 Exercise Price and the number of shares purchased.
  Such 

7

 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, a combination
  of cash and/or check (if any) and one or both of the following alternative forms:
  (a) tendering (either actually or, if and so long as the Common Stock is registered
  under Section 12(b) or 12(g) of the Exchange Act, by attestation) 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 or (b) if and so long as the Common Stock
  is registered under Section 12(b) or 12(g) of the Exchange Act, delivery of
  a properly executed Notice of Exercise, 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. In addition, the Exercise Price for shares purchased
  under an Option may be paid, either singly or in combination with one or more
  of the alternative forms of payment authorized by this Section 7.5, by (a) a
  promissory note delivered pursuant to Section 12 or (b) such other consideration
  as the Plan Administrator may permit.

           Section
  7.6. Post-termination Exercise. The Plan Administrator shall establish
  and set forth in each Incentive Award Agreement whether the Option will 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 Subsidiaries,
  which provisions may be waived or modified by the Plan Administrator at any
  time. If not so established in the Incentive Award Agreement, the Option will
  be exercisable according to the following terms and conditions, which may be
  waived or modified by the Plan Administrator at any time.

           In
  case of termination of the Participant's employment or services other than by
  reason of death or Cause, the Option shall be exercisable, to the extent of
  the number of shares vested at the date of such termination, only (a) within
  one year if the termination of the Participant's employment or services is coincident
  with Retirement, Early Retirement at the Company's request or Disability or
  (b) within three months after the date the Participant ceases to be an employee,
  director, officer, consultant, agent, advisor or independent contractor of the
  Company or a Subsidiary if termination of the Participant's employment or services
  is for any reason other than Retirement, Early Retirement at the Company's request
  or Disability, but in no event later than the remaining term of the Option.
  Any Option exercisable at the time of the Participant's death may be exercised,
  to the extent of the number of shares vested at the date of the Participant's
  death, by the personal representative of the Participant's estate, the person(s)
  to whom the Participant's rights under the Option have passed by will or the
  applicable laws of descent and distribution or the beneficiary designated pursuant
  to Section 10.1 at any time or from time to time within one year after the date
  of death, but in no event later than the remaining term of the Option. Any portion
  of an Option that is not vested on the date of termination of the Participant's
  employment or services shall terminate on such 

8

 date, unless the Plan Administrator determines otherwise.
  In case of termination of the Participant's employment or services for Cause,
  the Option shall automatically terminate upon first notification to the Participant
  of such termination, unless the Plan Administrator determines otherwise. If
  a Participant's employment or services 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.

           With respect to
  Employees, unless the Plan Administrator at any time determines otherwise, "termination
  of the Participant's employment or services" for purposes of this Incentive
  Plan (including without limitation this Section 7 and Section 14) shall mean
  any reduction in the Participant's regular hours of employment by fifty percent
  (50%) or more. A transfer of employment or services between or among the Company
  and its Subsidiaries shall not be considered a termination of employment or
  services. 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.

 ARTICLE VIII 

 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:

           Section
  8.1. Dollar Limitation. Unless otherwise provided by the Plan Administrator
  in the Incentive Award Agreement, if and to the extent the aggregate Fair Market
  Value of Common Stock determined as of the Grant Date with respect to which
  Incentive Stock Options are exercisable for the first time during any calendar
  year (under this Incentive Plan and all other stock option plans of the Company)
  exceeds one hundred thousand dollars ($100,000) determined in accordance
  with Section 422 of the Code (the "$100,000 Exercise Limitation"), then
  exercise of the appropriate portion of the Incentive Stock Options that correspond
  to the Fair Market Value in excess of $100,000 shall be delayed until the
  following calendar year or years thereafter in which the $100,000 Exercise
  Limitation would not be contravened by exercise thereof. 

           In
  the event the Participant holds two or more such Options that become exercisable
  for the first time in the same calendar year, the $100,000 Exercise Limitation
  and the compliance rules set forth herein shall be applied on the basis of the
  order in which such Options were granted, determined by Grant Date.

           Notwithstanding
  the foregoing, if compliance with the $100,000 Exercise Limitation will
  result in the exercisability of any vested shares being delayed more than thirty
  (30) days beyond the vesting date for such shares, the Option shall be deemed
  to be two options. The first Option shall be for the maximum number of shares
  subject to the Option that can comply with the $100,000 Exercise Limitation
  without causing the Option to be unexercisable as to vested shares. The Second
  Option, which shall be treated as a Non-Qualified Stock Option and not as an
  Incentive Stock Option, shall be 

9

 for the balance of the shares subject to the Option and shall
  be exercisable on the same terms and at the same time as set forth in this Incentive
  Award Agreement; provided, however, that (i) vesting of the Second Option will
  not be affected by cessation of Participant's employment or services on behalf
  of the Company for any reason; and (ii), such shares shall become vested shares
  on the same date or dates as set forth in this agreement without regard to this
  paragraph. Unless Participant specifically elects to the contrary on the Exercise
  Date, the first Option shall be deemed to be exercised first to the maximum
  possible extent and then the Sectioned Option shall be deemed to be exercised.

           Section
  8.2. 10% Shareholders. If an individual owns more than ten percent (10%)
  of the total voting power of all classes of the Company's stock, then the Exercise
  Price per share of an Incentive Stock Option shall not be less than one hundred
  ten percent (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 ten
  percent (10%) ownership shall be made in accordance with Section 422 of the
  Code.

           Section
  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. For purposes of this Section 8.3, "Parent Corporation"
  and "Subsidiary Corporation" shall have the meanings attributed to those terms
  for purposes of Section 422 of the Code.

           Section
  8.4. Term. The term of an Incentive Stock Option shall not exceed ten
  (10) years.

           Section
  8.5. Exercisability. To qualify for Incentive Stock Option tax treatment,
  an Option designated as an Incentive Stock Option must be exercised within three
  months after termination of employment for reasons other than death, except
  that, in the case of termination of employment due to total disability (as hereinafter
  defined in this Section 8.5), such Option must be exercised within one (1) year
  after such termination. Employment shall not be deemed to continue beyond the
  first ninety (90) days of a leave of absence unless statute or contract guarantees
  the Participant's reemployment rights. For purposes of this Section 8.5, "total
  disability" shall mean 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 twelve (12) months or more and that causes the Participant
  to be unable, in the opinion of the Company, to perform his or her duties for
  the Company and to be engaged in any substantial gainful activity. Total disability
  shall be deemed to occur on the first day after the Company has furnished its
  opinion of total disability to the Plan Administrator.

           Section
  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 (2) years after the Grant Date of the Incentive Stock Option
  and one year from the Exercise Date. A Participant may be subject to the alternative
  minimum tax at the Exercise Date of an Incentive Stock Option. The Plan Administrator
  shall require a 

10

 Participant to 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.

           Section
  8.7. Promissory Notes. The amount of any promissory note delivered pursuant
  to Section 13.1 in connection with an Incentive Stock Option shall bear interest
  at a rate specified by the Plan Administrator but in no case less than the rate
  required to avoid imputation of interest (taking into account any exceptions
  to the imputed interest rules) for federal income tax purposes.

 ARTICLE IX 

 STOCK AWARDS

           Section
  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 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, where such goals may be stated in absolute terms or relative to comparison
  companies), as the Plan Administrator shall determine, in its sole discretion,
  which terms, conditions and restrictions shall be as set forth in the Incentive
  Award Agreement. 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.

           Section
  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.

           Section
  9.3. Waiver of Restrictions. Notwithstanding any other provisions of
  this Incentive 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.

 ARTICLE X 

 ASSIGNABILITY 

           Section
  10.1. Assignability. No Awards granted under this Incentive Plan or any
  interest therein may be assigned, pledged or transferred by the Participant
  other than by will or by the applicable laws of descent and distribution. During
  the Participant's lifetime an Award may be exercised only by the Participant
  or a permitted assignee or 

11

 transferee of the Participant (as provided below). Notwithstanding
  the foregoing, and to the extent permitted by Section 422 of the Code, 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 compensation 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 this Incentive Plan
  and the Incentive Award Agreement, which terms and conditions will not otherwise
  change.

 ARTICLE XI 

 ADJUSTMENTS

           Section
  11.1. 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, re-capitalization, 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 class 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 this Incentive Plan as set forth in
  Section 4.1, (ii) the maximum number and kind of Securities that may be made
  subject to Awards to any individual as set forth in Section 4.2, and (iii) 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.

           Section
  11.2. Corporate Transaction. 

           11.2.1.
  Options. Except as otherwise provided in the Incentive Award Agreement, in the
  event of a Corporate Transaction, the Plan Administrator shall determine whether
  provision will be made in connection with the Corporate Transaction for an appropriate
  assumption of the Options theretofore granted under this Incentive Plan (which
  assumption may be effected by means of a payment to each Participant (by the
  Company or any other person or entity involved in the Corporate Transaction),
  in exchange for the cancellation of the Options held by such Participant, of
  the difference between the then Fair Market Value of the aggregate number of
  shares of Common Stock then subject to such Options and the aggregate Exercise
  Price that would have to be paid to acquire such shares) or for substitution
  of appropriate new options covering stock of a successor corporation to the
  Company or stock of an affiliate of such successor corporation. If the Plan
  Administrator determines that such an assumption or substitution will be made,
  the Plan Administrator shall give notice of such determination to the Participants,
  and the provisions of such assumption or substitution, and any adjustments made
  (i) to the number and kind of shares subject to the outstanding Options (or
  to the options in 

12

 substitution therefor), (ii) to the Exercise Prices, and/or
  (iii) to the terms and conditions of the stock options, shall be binding on
  the Participants. Any such determination shall be made in the sole discretion
  of the Plan Administrator and shall be final, conclusive and binding on all
  Participants. If the Plan Administrator, in its sole discretion, determines
  that no such assumption or substitution will be made, the Plan Administrator
  shall give notice of such determination to the Participants, and each Option
  that is at the time outstanding shall automatically accelerate so that each
  such Option shall, immediately prior to the specified effective date for the
  Corporate Transaction, become one hundred percent (100%) vested and exercisable,
  except that such acceleration will not occur if, in the opinion of the Company's
  outside accountants, it would render unavailable "pooling of interest" accounting
  for a Corporate Transaction that would otherwise qualify for such accounting
  treatment. All such Options shall terminate and cease to remain outstanding
  immediately following the consummation of the Corporate Transaction, except
  to the extent assumed by the successor corporation or an affiliate thereof.

           11.2.2.
  Stock Awards. Except as otherwise provided in the Incentive Award Agreement,
  in the event of a Corporate Transaction, 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 accelerates in connection with the Corporate Transaction. If unvested
  Options 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 will continue with respect
  to shares of the successor corporation that may be issued in exchange for such
  shares subject to Stock Awards.

           Section
  11.3. Further Adjustment of Awards. Subject to Section 11.2, the Plan
  Administrator shall have the discretion, exercisable at any time before a 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 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 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 changes in control that is the
  reason for such action.

           Section
  11.4. Limitations. The grant of Awards will 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.

13

 ARTICLE XII 

 WITHHOLDING

           Section
  12.1. Withholding. The Company or the Plan Administrator 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 this Incentive 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 or (c) by transferring shares of Common Stock
  to the Company, 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 shares of Common Stock to be issued 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. The Company may also deduct from any Award any other
  amounts due from the Participant to the Company or a Subsidiary.

 ARTICLE XIII 

 LOANS, INSTALLMENT PAYMENTS

  AND LOAN GUARANTEES 

           Section
  13.1. Loans, Installment Payments and Loan Guarantees. Subject to applicable
  legal restrictions, to assist a Participant (including a Participant who is
  an officer or a director of the Company) in acquiring shares of Common Stock
  pursuant to an Award granted under this Incentive Plan, the Plan Administrator,
  in its sole discretion, may authorize, either at the Grant Date or at any time
  before the acquisition of Common Stock pursuant to the Award, (a) the extension
  of a loan to the Participant by the Company, (b) the payment by the Participant
  of the purchase price, if any, of the Common Stock in installments, or (c) the
  guarantee by the Company of a loan obtained by the Participant from a third
  party. The terms of any loans, installment payments or loan guarantees, including
  the interest rate and terms of repayment, will be subject to the Plan Administrator's
  discretion. Loans, installment payments and loan guarantees may be granted with
  or without Security. The maximum credit available is the purchase price, if
  any, of the Common Stock acquired, plus the maximum federal and state income
  and employment tax liability that may be incurred in connection with the acquisition.

 ARTICLE XIV 

 REPURCHASE RIGHTS; ESCROW

           Section
  14.1. Repurchase Rights. Unless otherwise provided in the Incentive Award
  Agreement, by accepting an Option, Participant grants the Company the right
  and option to repurchase any Common Stock subject to the Option that remains
  unvested on the earlier of: (a) the date Participant ceases to be an Employee
  or provide services, as the case may be, to the Company or any Subsidiary for
  any reason whatsoever, including, 

14

 without limitation termination with or without Cause, death
  or permanent Disability, and (b) the date Participant or Participant's legal
  representative attempts to sell, transfer, assign, pledge, encumber or otherwise
  dispose of any unvested shares in contravention of any of the provisions of
  this Incentive Plan, the Incentive Award Agreement or the Notice of Exercise.

           The
  Company may exercise the repurchase option by giving Participant written notice
  within sixty (60) days after (a) such termination of employment or services
  (or exercise of the Option, if later) or (b) the Company has received notice
  of the attempted disposition. If the Company fails to give notice within such
  sixty (60) day period, the repurchase option shall terminate, unless the Participant
  and the Company have extended the time for the exercise of the repurchase option.
  The repurchase option must be exercised, if at all, for all the unvested shares,
  except as Participant and the Plan Administrator or the Company may otherwise
  agree. 

           Payment
  to Participant by the Company shall be made in cash within thirty (30) days
  after the date of mailing the written notice of exercise of the repurchase option.
  The repurchase option must be exercised, if at all, for all the unvested shares,
  except as Participant and the Company may agree otherwise. 

           Payment
  to Participant by the Company shall be made in cash within thirty (30) days
  after the date of the mailing of the written notice of exercise of the repurchase
  option. For purposes of the foregoing, cancellation of any indebtedness Participant
  owes to the Company shall be treated as payment to Participant in cash to the
  extent of the unpaid principal and any accrued interest canceled. The purchase
  price per share being repurchased by the Company shall be an amount equal to
  Participant's original Exercise Price therefor, as adjusted as provided in the
  Plan. Participant shall deliver the shares of stock being repurchased to the
  Company at the same time as the Company delivers the purchase price to Participant.

           Participant
  authorizes and directs the Plan Administrator, the Company's Chief Financial
  Officer or transfer agent to transfer to the Company any unvested shares as
  to which the repurchase option has been exercised. 

           The
  Company shall have the right to assign the repurchase option at any time or
  from time to time to any person whether or not the repurchase option is then
  exercisable. 

           The
  repurchase option shall remain in full force and effect in the event of a Corporate
  Transaction; provided however, that if, pursuant to Section 11.2.1, the Plan
  Administrator shall determine that no substitution or assumption of Options
  will be made in connection with the Corporate Transaction and the vesting of
  such options is therefore accelerated, the repurchase option shall terminate
  and all unvested shares shall be fully vested. 

           Nothing
  in this agreement shall affect in any manner whatsoever the right or power of
  the Company, or a parent or subsidiary of the Company, to terminate 

15

 Participant's employment or services on behalf of the Company,
  for any reason, with or without Cause. 

           Subject
  to the terms and conditions of this Incentive Plan, the unvested shares may
  not be sold, transferred, assigned, pledged, encumbered or otherwise disposed
  of under any circumstances, whether voluntarily, by operation of law, by gift
  or by applicable laws of descent and distribution. Any attempted transaction
  in unvested shares in conflict with this Incentive Plan or an Incentive Award
  Agreement shall be null and void. 

           The
  Plan Administrator shall have the discretion, exercisable either before or after
  the Participant's cessation of employment or services, to cancel the Company's
  outstanding repurchase rights and authorize the issuance of unvested shares
  of Common Stock pursuant to the exercise of an Option and thereby effectively
  accelerate the vesting of such shares. 

           Section
  14.2. Escrow. To ensure that shares of Common Stock acquired pursuant
  to an Award that are subject to any repurchase or forfeiture right, stockholders
  agreement and/or Security for any promissory note will be available for repurchase
  or forfeiture, the Plan Administrator may require the Participant to deposit
  the certificate or certificates evidencing such shares with an agent designated
  by the Plan Administrator under the terms and conditions of escrow and Security
  agreements approved by the Plan Administrator. If the Plan Administrator does
  not require such deposit as a condition of exercise of an Option or grant of
  a Stock Award, the Plan Administrator reserves the right at any time to require
  the Participant to so deposit the certificate or certificates in escrow. The
  Company shall bear the expenses of the escrow.

           As
  soon as practicable after the expiration of any repurchase or forfeiture rights
  or stockholders agreement, and after full repayment of any promissory note secured
  by the shares in escrow, the agent shall deliver to the Participant the shares
  no longer subject to such restrictions and no longer Security for any promissory
  note.

           In
  the event shares held in escrow are subject to the Company's exercise of a repurchase
  or forfeiture right or a stockholders agreement, the notices required to be
  given to the Participant shall be given to the agent and any payment required
  to be given to the Participant shall be given to the agent. Within thirty (30)
  days after payment by the Company, the agent shall deliver the shares, which
  the Company has purchased to the Company and shall deliver the payment received
  from the Company to the Participant.

           In
  the event of any stock dividend, stock split or consolidation of shares or any
  like capital adjustment of any of the outstanding Securities of the Company,
  any and all new, substituted or additional Securities or other property to which
  the Participant is entitled by reason of ownership of shares acquired upon exercise
  of an Option or grant of a Stock Award shall be subject to any repurchase or
  forfeiture rights, stockholders agreement, and/or Security for any promissory
  note with the same force and effect as the shares subject to such repurchase
  or forfeiture rights, stockholders agreement and/or Security interest immediately
  before such event.

16

 ARTICLE XV 

 MARKET STANDOFF

           Section
  15.1. 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, or make any short sale of, loan, hypothecate,
  pledge, grant any option for the purchase of, or otherwise dispose 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 this Incentive
  Plan without the prior written consent of the Company or its underwriters. Such
  limitations shall be in effect only if and to the extent and 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; provided, however, that in no event
  shall the weighted average number of days in such period exceed one (1) year.
  The limitations of this paragraph shall in all events terminate two (2) years
  after the effective date of the Company's initial public offering.

           In
  the event of any stock split, stock dividend, re-capitalization, 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,
  then any new, substituted or additional Securities distributed with respect
  to the purchased shares shall be immediately subject to the provisions of this
  Section 15, to the same extent the purchased shares are at such time covered
  by such provisions.

           In
  order to enforce the limitations of this Section 15.1, the Company may impose
  stop-transfer instructions with respect to the purchased shares and any new,
  substituted or additional Securities distributed with respect to the purchased
  shares until the end of the applicable standoff period.

 ARTICLE XVI 

 AMENDMENT AND TERMINATION OF INCENTIVE PLAN 

           Section
  16.1. Amendment of Incentive Plan. This Incentive Plan may be amended
  only by the Board in such respects as it shall deem advisable; however, to the
  extent required for compliance with Section 422 of the Code or any applicable
  law or regulation, stockholder approval will be required for any amendment that
  will (a) increase the total number of shares available for issuance under this
  Incentive Plan, (b) modify the class of persons eligible to receive Options,
  or (c) otherwise require stockholder approval under any applicable law or regulation.

           Section
  16.2. Termination of Incentive Plan. The Board may suspend or terminate
  this Incentive Plan at any time. This Incentive Plan will have no fixed expiration
  date; provided, however, that no Incentive Stock Options may be granted more
  than ten (10) years after the date of the Legacy Plans.

17

           Section
  16.3. Consent of Participant. The amendment or termination of this Incentive
  Plan shall not, without the consent of the Participant, impair or diminish any
  rights or obligations under any Award theretofore granted under this Incentive
  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.

 ARTICLE XVII 

 GENERAL 

           Section
  17.1. Evidence of Awards. Awards granted under this Incentive Plan shall
  be evidenced by an Incentive Award Agreement as defined in Article II hereof.

           Section
  17.2. Continued Employment of Participant. Nothing in this Incentive
  Plan, participation in this Incentive Plan or any action of the Plan Administrator
  taken under this Incentive Plan shall be construed as giving any person any
  right to be retained in the employ of the Company or limit the Company's right
  to terminate the employment or services of any person.

           Section
  17.3. Registration. 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 Securities laws, any shares of Common
  Stock, Security or interest in a Security paid or issued under, or created by,
  this Incentive 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 and state Securities laws.

           Inability
  of the Company to obtain, from any regulatory body having jurisdiction, the
  authority deemed by the Company's counsel to be necessary for the lawful issuance
  and sale of any shares hereunder or the unavailability of an exemption from
  registration for the issuance and sale of any shares hereunder shall relieve
  the Company of any liability in respect of the non issuance or sale of such
  shares as to which such requisite authority shall not have been obtained.

           As
  a condition to the exercise of an Award, the Company may require 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 if, in the
  opinion of counsel for the Company, such a representation is required by any
  relevant provision of the aforementioned 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 

18

 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
  such other action or agreement by the Participant as may from time to time be
  necessary to comply with the federal and state Securities laws.

           Section
  17.4. No Rights as Stockholder. No Option or Stock Award denominated
  in units shall entitle the Participant to any dividend, voting or other right
  of a stockholder unless and until the date of issuance under this Incentive
  Plan of the shares that are the subject of such Award, free of all applicable
  restrictions.

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

           Section
  17.6. No Trust or Fund. This Incentive Plan is intended to constitute
  an "unfunded" Incentive 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.

           Section
  17.7. Severability. If any provision of this Incentive Plan or any Option
  is determined to be invalid, illegal or unenforceable in any jurisdiction, or
  as to any person, or would disqualify this Incentive Plan or any Option 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 this Incentive Plan or the Option, such provision
  shall be stricken as to such jurisdiction, person or Option, and the remainder
  of this Incentive Plan and any such Option shall remain in full force and effect.

 ARTICLE XVIII 

 EFFECTIVE DATE

           Section
  18.1. Effective Date. This Incentive Plan's effective date is the date
  on which the Board adopts it, so long as it is approved by the Company's stockholders
  at any time within 12 months of such adoption.

19

           IN WITNESS WHEREOF,
  this Incentive Plan has been adopted by the Board and approved by the Company's
  stockholders on October 28, 2004 and _________________ , respectively.

	  	 BANYAN CORPORATION  
	 	 
	 S E A L  	
      /s/ Michael Gelmon  
	 	 
	  	 Michael Gelmon, Chief Executive Officer  

	 Attest:  	 /s/ Cory Gelmon  
	  	 Cory Gelmon, President, Chief Financial Officer and Secretary 
    

20

 EXHIBIT A 

 FORM OF

  HUMAN RESOURCES INCENTIVE PLAN 

  STOCK OPTION AWARD 

 [Name of Participant] 

  [Address of Participant] 

 Dear [Name of Participant]: 

           We
  are pleased to inform you that the Board of Directors [Plan Administrator] of
  Banyan Corporation, an Oregon Corporation (the "Company"), hereby awards and
  grants to you ("Participant") as of ______________ , 200___ (the "Grant Date")
  the right and option to purchase _____________ shares of the Class A Common
  Stock, no par value of the Company at the exercise price of $ ____________
  per share (the "Exercise Price"), for a term of _________ years from the Grant
  Date (the "Option"). 

           This
  Option is subject to the restrictions as set forth below and to all the terms
  and conditions of the Banyan Corporation 2004 Human Resources Incentive Award
  Plan (the "Incentive Plan"), a copy of which is attached hereto and incorporated
  herein by this reference. The terms used herein that are defined in the Incentive
  Plan shall have the same meanings ascribed to them in the Incentive Plan. By
  signing below, you and your spouse (if any) acknowledge that you have read and
  understood the Incentive Plan, are familiar with the terms and conditions of
  the Incentive Plan, agree to be bound by the terms and conditions of the Incentive
  Plan, and have received such independent tax and legal advice as you and your
  spouse (if any) have deemed necessary to accept this Option. 

           This
  Option [mark one] ____ is _____ is not granted with the intention that it be
  treated as an Incentive Stock Option as defined in the Incentive Plan. 

           For
  terms and conditions of the Incentive Plan describing the installments in which
  this Option shall vest and become exercisable, please refer to Section 7.4,
  "Exercise and Vesting." 

           For
  terms and conditions of the Incentive Plan relating to exercise of this Option
  if a Participant ceases to be employed by, or to provide services to, the Company,
  please refer to Section 7.6, "Post Termination Exercise." 

           For
  terms and conditions of the Incentive Plan relating to the treatment of Options
  to the extent aggregate Fair Market Value of Options exercisable for the first
  time during any calendar year exceeds $100,000, please refer to Section
  8.1, "Dollar Limitation." 

           For
  terms and conditions of this Incentive Plan relating to whether provision will
  be made in connection with a Corporate Transaction for an assumption of this
  Option or 

21

 an acceleration of vesting and exercisability, please refer
  to Section 11.2.1, "Corporate Transaction -- Options." 

           For
  terms and conditions of the Incentive Plan relating to the Company's repurchase
  of the issuance of unvested shares of Common Stock pursuant to the exercise
  of an Option and the escrow of shares subject to such repurchase right, please
  refer to Sections 14.1 and 14.2, entitled "Repurchase Rights" and "Escrow" respectively.

           The
  undersigned agrees to give the Plan Administrator or its designee at the offices
  of the Company prompt written notice of the sale, transfer or other disposition
  of any Common Stock acquired by exercise of this Option. 

           This
  agreement shall be binding upon and inure to the benefit of the Company and
  its successors and assigns, and to the heirs, executors, administrators and
  personal representatives of the undersigned Participant and his or her spouse,
  if any. 

           IN
  WITNESS WHEREOF, the Company, the Participant and his or her spouse have executed,
  agreed to and accepted this agreement on the respective dates set forth below.

 Dated: ________________ , 2004. 

 "Company" 

 By: ____________________________________

  

  _________________, Authorized Officer 

ATTEST:  

 ____________________________________

Accepted and agreed to this _________day of __________________________________,
  2004. 

 "Participant"

 ____________________________________

Accepted and agreed to this _________day of __________________________________,
  2004. 

Spouse of Participant  

 ________________________________________

22

 EXHIBIT B 

 FORM OF 

  NOTICE OF EXERCISE 

  OF HUMAN RESOURCES INCENTIVE PLAN 

  STOCK OPTION AWARD 

 Plan Administrator 

  And Board of Directors 

  Banyan Corporation 

 Gentlemen: 

           I
  hereby elect to exercise Options to purchase ____________ shares of Banyan Corporation
  (the "Company") Class A Common Stock, no par value (the "Shares"), pursuant
  to the Company's 2004 Human Resources Incentive Plan, dated October 28, 2004
  (the "Incentive Plan"). I acknowledge to the Company that (1) any unvested Shares
  acquired upon exercise of Options hereby shall be subject to repurchase by the
  Company upon termination of my employment or services or any unauthorized disposition
  of the Shares, in accordance with the provisions of Section 14.1 of this Incentive
  Plan, (2) the Shares to be issued to me are being acquired for investment and
  not with a view to the distribution thereof, (3) that I will not offer, sell,
  transfer, or otherwise dispose of the Shares except in a transaction which does
  not violate the Securities Act of 1933, as amended (the "Act"), and (4) that
  the Shares are "restricted Securities" as that term is defined in Rule 144 of
  the General Rules and Regulations under the Act. 

           I
  acknowledge and understand that the Shares are unregistered and must be held
  indefinitely unless they are subsequently registered under the Act or an exemption
  from such registration is available. I also understand the Company is the only
  person, which may register its Securities under the Act. Furthermore, the Company
  has not made any representations, warranties, or covenants to me regarding the
  registration of the Shares or compliance with Regulation A or some other exemption
  under the Act. 

           I
  further acknowledge that I am fully aware of the applicable limitations on the
  resale of the Shares. Rule 144 and Rule 237 permit sales of "restricted Securities"
  upon compliance with certain requirements. If either Rule 144 or Rule 237 is
  available and relied upon for the resale of the Shares, I may resell the Shares
  only in accordance with its limitations. Any and all certificates representing
  the Shares and any Securities issued in replacement or exchange therefor, shall
  bear the following legend, which I have read and understood: 

           "The
  shares represented by this Certificate have not been registered under the Securities
  Act of 1933 (the "Act"), and are "restricted Securities" as that term is defined
  in Rule 144 under the Act. The shares may not be offered for sale, sold, or
  otherwise transferred except pursuant to an effective registration statement
  under the Act, or pursuant to an exemption from registration under the Act,
  the availability of which is to be established to the satisfaction of the Company."

23

           I
  further agree that the Company shall have the right to issue stop transfer instructions
  to its transfer agent to bar the transfer of any of my certificates except in
  accordance with the Act. I acknowledge that the Company has informed me of its
  intention to issue such instructions. 

           I
  will provide the Plan Administrator prompt written notice of any disposition
  of any of the Shares. 

 Dated:

Very truly yours, 

 

Participant 

 Agreed to and accepted this ________ day of _______________________
  , 2004. 

Spouse of Participant 

 

__________________________________________

24

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