Document:

Exhibit
4.2

     

    NOTICE
OF GRANT OF [INCENTIVE/NON-QUALIFIED] STOCK OPTION AWARD

     

    NIVS
INTELLIMEDIA TECHNOLOGY GROUP, INC.

    2009
OMNIBUS INCENTIVE PLAN

     

    FOR GOOD
AND VALUABLE CONSIDERATION, NIVS IntelliMedia Technology Group, Inc. (the
“Company”) hereby grants, pursuant to the provisions of the Company’s 2009
Omnibus Incentive Plan (the “Plan”), to the Participant designated in this
Notice of Grant of [Incentive/Non-Qualified]
Stock Option Award (the “Notice”) an option to purchase the number of shares of
the common stock of the Company set forth in the Notice (the “Shares”), subject
to certain restrictions as outlined below in this Notice and the additional
provisions set forth in the attached Terms and Conditions of Stock Option Award
(collectively, the “Agreement”).  Also enclosed is a copy of the
information statement describing important provisions of the Plan.

     

    Optionee:          [__________]

     

    
      	
              Date of
      Grant:               ____________

            	
              Type of
      Option:  [Incentive/Non-Qualified]
      Stock Option

            
	
              Exercise Price per
      Share:           $____

            	
              Expiration
      Date:                ____________

            
	
              Total
      Number of 

              Shares
      Granted:                      _______

            	
              Total Exercise
      Price:                              $______

            

    

    

    
      	
              Vesting
      Schedule:

            	
              [1/4
      vesting on each of the first, second, third and fourth anniversaries of
      the date of the grant]

            

    

    

    Exercise After Termination of
Service:

    

    Termination of Service for any
reason: any non-vested portion of the Option expires
immediately;

    

    Termination of Service due to death
or Disability: vested portion of the Option is exercisable by the
Optionee (or, in the event of the Optionee’s death, the Optionee’s Beneficiary)
for one year after the Optionee’s Termination;

    

    Termination of Service for any
reason other than death or Disability: vested portion of the Option is
exercisable for a period of ninety days following the Optionee’s
Termination.

    

    In no event may this Option be
exercised after the Expiration Date as provided above.

     

    By
signing below, the Optionee agrees that this [Incentive/Non-Qualified]
Stock Option Award is granted under and governed by the terms and conditions of
the Company’s 2009 Omnibus Incentive Plan and the attached Terms and
Conditions.

    

    
      
        
          
            
              	
                      Participant

                    	 
      	
                      NIVS
      IntelliMedia Technology Group, Inc.

                    
	 
      	 
      	 
      	 
      
	
                      ___________________________

                    	 
      	
                      By:

                    	
                       

                    
	 
      	 
      	
                      Title:

                    	
                       

                    
	
                      Date:       ______________________

                    	 
      	
                      Date:

                    	
                       

                    

            

          

        

      

    

     

    
      
         

      

      
        1

        
          

        

      

      
         

      

    

    
      TERMS
AND CONDITIONS OF STOCK OPTION AWARD

    

     

    1.            
Grant of
Option.  The Option granted to the Optionee and described in
the Notice of Grant is subject to the terms and conditions of the Plan, which is
incorporated by reference in its entirety into these Terms and Conditions of
Stock Option Award.

     

    The Board
of Directors of the Company has authorized and approved the 2009 Omnibus
Incentive Plan (the “Plan”), which has been approved by the stockholders of the
Company.  The Committee has approved an award to the Optionee of a
number of shares of the Company’s common stock, conditioned upon the
Participant’s acceptance of the provisions set forth in the Notice and these
Terms and Conditions within 60 days after the Notice and these Terms and
Conditions are presented to the Optionee for review.  For purposes of
the Notice and these Terms and Conditions, any reference to the Company shall
include a reference to any Affiliate.

     

    If
designated in the Notice of Grant as an Incentive Stock Option (“ISO”), this
Option is intended to qualify as an Incentive Stock Option as defined in Section
422 of the Code.  Nevertheless, to the extent that the Option fails to
meet the requirements of an ISO under Section 422 of the Code, this Option shall
be treated as a Non-Qualified Stock Option (“NSO”).

     

    The
Company intends that this Option not be considered to provide for the deferral
of compensation under Section 409A of the Code and that this Agreement shall be
so administered and construed.  Further, the Company may modify the
Plan and this Award to the extent necessary to fulfill this intent.

     

    2.           Exercise of
Option.

     

    (a)           Right to
Exercise.  This Option shall be exercisable, in whole or in
part, during its term in accordance with the Vesting Schedule set out in the
Notice of Grant and with the applicable provisions of the Plan and this Option
Agreement.  No Shares shall be issued pursuant to the exercise of an
Option unless the issuance and exercise comply with applicable
laws.  Assuming such compliance, for income tax purposes the Shares
shall be considered transferred to the Optionee on the date on which the Option
is exercised with respect to such Shares.  The Committee may, in its
discretion, (i) accelerate vesting of the Option, or (ii) extend the applicable
exercise period to the extent permitted under Section 6.03 of the
Plan.

     

    (b)           Method of
Exercise.  The Optionee may exercise the Option by delivering
an exercise notice in a form approved by the Company (the “Exercise Notice”)
which shall state the election to exercise the Option, the number of Shares with
respect to which the Option is being exercised, and such other representations
and agreements as may be required by the Company.  The Exercise Notice
shall be accompanied by payment of the aggregate Exercise Price as to all Shares
exercised.  This Option shall be deemed to be exercised upon receipt
by the Company of such fully executed Exercise Notice accompanied by the
aggregate Exercise Price.

     

    (c)           Acceleration of Vesting on
Change in Control.  Unless otherwise specified in the Notice of
Grant, in the event of a Change in Control, no accelerated vesting of any
Options outstanding on the date of such Change in Control shall
occur.

     

    
      
         

      

      
        2

        
          

        

      

      
         

      

    

     

    3.           Method of
Payment.  If the Optionee elects to exercise the Option by
submitting an Exercise Notice under Section 2(b) of this Agreement, the
aggregate Exercise Price (as well as any applicable withholding or other taxes)
shall be paid by cash or check; provided, however, that the
Committee may consent, in its discretion, to payment in any of the following
forms, or a combination of them:

     

    (a)           cash
or check;

     

    (b)           a
“net exercise” (as described in the Plan or such other consideration received by
the Company under a cashless exercise program approved by the Company in
connection with the Plan;

     

    (c)           surrender
of other Shares owned by the Optionee which have a Fair Market Value on the date
of surrender equal to the aggregate Exercise Price of the Exercised Shares and
any applicable withholding; or

     

    (d)           any
other consideration that the Committee deems appropriate and in compliance with
applicable law.

     

    4.           Restrictions on
Exercise.  This Option may not be exercised until such time as
the Plan has been approved by the stockholders of the Company, or if the
issuance of the Shares upon exercise or the method of payment of consideration
for those shares would constitute a violation of any applicable law or
regulation.

     

    5.           Non-Transferability of
Option.  This Option may not be transferred in any manner
otherwise than by will or by the laws of descent or distribution and may be
exercised during the lifetime of the Optionee only by the Optionee [IF THE OPTION IS A NSO, THE
FOLLOWING LANGUAGE MAY BE INCLUDED PERMITTING LIMITED TRANSFER OF THE OPTION] [;
provided, however, that the Optionee may transfer the Options (i) pursuant to a
qualified domestic relations order (as defined by the Code or the rules
thereunder) or (ii) to any member of the Optionee’s Immediate Family or to a
trust, limited liability company, family limited partnership or other equivalent
vehicle, established for the exclusive benefit of one or more members of his
Immediate Family by delivering to the Company a Notice of Assignment in a form
acceptable to the Company.  No transfer or assignment of the Option to
or on behalf of an Immediate Family member under this Section 5 shall be
effective until the Company has acknowledged such transfer or assignment in
writing.  “Immediate Family” means the Optionee’s parents, spouse,
children, siblings, and grandchildren.  Following transfer, the
Options shall continue to be subject to the same terms and conditions as were
applicable immediately prior to transfer.  In the event an Option is
transferred as contemplated in this Section 5, such Option may not be
subsequently transferred by the transferee except by will or the laws of descent
and distribution.]  The terms of the Plan and this Option
Agreement shall be binding upon the executors, administrators, heirs, successors
and assigns of the Optionee.

     

    6.           Term of
Option.  This Option may be exercised only within the term set
out in the Notice of Grant, and may be exercised during such term only in
accordance with the Plan and the terms of this Option Agreement.

     

    
      
         

      

      
        3

        
          

        

      

      
         

      

    

     

    7.           Withholding.

     

    (a)           The
Committee shall determine the amount of any withholding or other tax required by
law to be withheld or paid by the Company with respect to any income recognized
by the Optionee with respect to the Option Award.

     

    (b)           The
Optionee shall be required to meet any applicable tax withholding obligation in
accordance with the provisions of Section 11.05 of the Plan.

     

    (c)           Subject
to any rules prescribed by the Committee, the Optionee shall have the right to
elect to meet any withholding requirement (i) by having withheld from this Award
at the appropriate time that number of whole shares of common stock whose fair
market value is equal to the amount of any taxes required to be withheld with
respect to such Award, (ii) by direct payment to the Company in cash of the
amount of any taxes required to be withheld with respect to such Award or (iii)
by a combination of shares and cash.

     

    8.           Defined
Terms.  Capitalized terms used but not defined in the Notice
and these Terms and Conditions shall have the meanings set forth in the Plan,
unless such term is defined in any Employment Agreement between the Optionee and
the Company or an Affiliate.  Any terms used in the Notice and these
Terms and Conditions, but defined in the Optionee’s Employment Agreement are
incorporated herein by reference and shall be effective for purposes of the
Notice and these Terms and Conditions without regard to the continued
effectiveness of the Employment Agreement.

     

    9.           Optionee
Representations.  The Optionee hereby represents to the Company
that the Optionee has read and fully understands the provisions of the Notice,
these Terms and Conditions and the Plan and the Optionee’s decision to
participate in the Plan is completely voluntary.  Further, the
Optionee acknowledges that the Optionee is relying solely on his or her own
advisors with respect to the tax consequences of this stock option
award.

     

    10.           Regulatory Limitations on
Exercises.  Notwithstanding the other provisions of this Option
Agreement, no option exercise or issuance of shares of Common Stock pursuant to
this Option Agreement shall be effective if (i) the shares reserved under the
Plan are not subject to an effective registration statement at the time of such
exercise or issuance, or otherwise eligible for an exemption from registration,
or (ii) the Company determines in good faith that such exercise or issuance
would violate any applicable securities or other law or regulation.

     

    11.           Miscellaneous.

     

    (a)           Notices.  All
notices, requests, deliveries, payments, demands and other communications which
are required or permitted to be given under these Terms and Conditions shall be
in writing and shall be either delivered personally or sent by registered or
certified mail, or by private courier, return receipt requested, postage prepaid
to the parties at their respective addresses set forth herein, or to such other
address as either shall have specified by notice in writing to the
other.  Notice shall be deemed duly given hereunder when delivered or
mailed as provided herein.

     

    (b)           Waiver.  The
waiver by any party hereto of a breach of any provision of the Notice or these
Terms and Conditions shall not operate or be construed as a waiver of any other
or subsequent breach.

     

    
      
         

      

      
        4

        
          

        

      

      
         

      

    

     

    (c)           Entire
Agreement.  These Terms and Conditions, the Notice and the Plan
constitute the entire agreement between the parties with respect to the subject
matter hereof.

     

    (d)           Binding Effect;
Successors.  These Terms and Conditions shall inure to the
benefit of and be binding upon the parties hereto and to the extent not
prohibited herein, their respective heirs, successors, assigns and
representatives.  Nothing in these Terms and Conditions, express or
implied, is intended to confer on any person other than the parties hereto and
as provided above, their respective heirs, successors, assigns and
representatives any rights, remedies, obligations or liabilities.

     

    (e)           Governing
Law.  The Notice and these Terms and Conditions shall be
governed by and construed in accordance with the laws of the State of
Delaware.

     

    (f)           Headings.  The
headings contained herein are for the sole purpose of convenience of reference,
and shall not in any way limit or affect the meaning or interpretation of any of
the terms or provisions of these Terms and Conditions.

     

    (g)           Conflicts;
Amendment.  The provisions of the Plan are incorporated in
these Terms and Conditions in their entirety.  In the event of any
conflict between the provisions of these Terms and Conditions and the Plan, the
provisions of the Plan shall control.  The Agreement may be amended at
any time by written agreement of the parties hereto.

     

    (h)           No Right to Continued
Employment.  Nothing in the Notice or these Terms and
Conditions shall confer upon the Optionee any right to continue in the employ or
service of the Company or affect the right of the Company to terminate the
Optionee’s employment or service at any time.

     

    (i)           Further
Assurances.  The Optionee agrees, upon demand of the Company or
the Committee, to do all acts and execute, deliver and perform all additional
documents, instruments and agreements which may be reasonably required by the
Company or the Committee, as the case may be, to implement the provisions and
purposes of the Notice and these Terms and Conditions and the Plan.

     

    
      
         

      

      
        5Exhibit
4.3

     

    NOTICE
OF GRANT OF RESTRICTED STOCK AWARD

    

    NIVS
INTELLIMEDIA TECHNOLOGY GROUP, INC.

    2009
OMNIBUS INCENTIVE PLAN

    

    FOR GOOD
AND VALUABLE CONSIDERATION, NIVS IntelliMedia Technology Group, Inc. (the
“Company”) hereby grants, pursuant to the provisions of the Company’s 2009
Omnibus Incentive Plan (the “Plan”), to the Participant designated in this
Notice of Grant of Restricted Stock Award (the “Notice”) the number of shares of
the common stock of the Company set forth in the Notice, subject to certain
restrictions as outlined below in this Notice and the additional provisions set
forth in the attached Terms and Conditions of Restricted Stock Award (the
“Agreement”).  Also enclosed is a copy of the information statement
describing important provisions of the Plan.

    

    Participant:     [__________]

    

    Grant
Date:      [__________]

    

    #
of Shares of Restricted Stock:        
[________]

    

    Purchase
Price:             Subject
to the withholding provisions of Paragraph 5 of the Terms and Conditions, this
Restricted Stock Award does not require the Participant to pay any purchase
price or other cash consideration in connection with the issuance or delivery of
the Restricted Stock.

    

    Vesting
Schedule:          Subject
to the provisions contained in Paragraphs 4, 5 and 6 of the Terms and
Conditions, this Restricted Stock Award shall vest, and the applicable
Restrictions set forth in the Terms and Conditions shall lapse in accordance
with the following schedule, in the event the Participant does not have a
Termination of Service prior to the applicable vesting date:

    

    
      
        
          	
                  Date of Vesting

                	 
      	
                  Cumulative Amount Vested

                
	
                  [Sample
      Vesting Schedule]

                	 
      	 
      
	
                  First
      Anniversary of Grant Date

                	 
      	
                                    
      25%

                
	
                  Second
      Anniversary of Grant Date

                	 
      	
                                    
      50%

                
	
                  Third
      Anniversary of Grant Date

                	 
      	
                                    
      75%

                
	
                  Fourth
      Anniversary of Grant Date

                	 
      	
                                    
      100%]

                

        

      

    

    

    Change in
Control:  Unless otherwise specified in this Notice of Grant,
no accelerated vesting of any Restricted Shares shall occur in the event of a
Change in Control.

    

    Forfeiture:  The
Participant’s rights in the Restricted Stock Award on which the Restrictions
have not lapsed pursuant to the vesting schedule provisions above shall be
forfeited in full in the event of the Participant’s Termination of Service for
any reason.

    

    By
signing below, the Participant agrees that this Restricted Stock Award is
granted under and governed by the terms and conditions of the Company’s 2009
Omnibus Incentive Plan and the attached Terms and Conditions.

    

    
      
        
          
            
              
                
                  
                    
                      
                        	
                                Participant

                              	 
      	
                                NIVS
      IntelliMedia Technology Group, Inc.

                              
	 
      	 
      	 
      	 
      
	  
      	 
      	
                                By:

                              	  
      
	 
      	 
      	
                                Title:

                              	  
      
	
                                Date:

                              	  
      	 
      	
                                Date:

                              	  
      

                      

                    

                  

                

              

            

          

        

      

    

     

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    

    TERMS
AND CONDITIONS OF RESTRICTED STOCK AWARD

    

    These
Terms and Conditions of Restricted Stock Award relates to the Notice of Grant of
Restricted Stock Award (the “Notice”) attached hereto, by and between NIVS
IntelliMedia Technology Group, Inc. (the “Company”), and the person identified
in the Notice (the “Participant”).

    

    The Board
of Directors of the Company has authorized and approved the 2009 Omnibus
Incentive Plan (the “Plan”), which has been approved by the stockholders of the
Company.  The Committee has approved an award to the Participant of a
number of shares of the Company’s common stock, conditioned upon the
Participant’s acceptance of the provisions set forth in the Notice and these
Terms and Conditions within 60 days after the Notice and these Terms and
Conditions are presented to the Participant for review.  For purposes
of the Notice and these Terms and Conditions, any reference to the Company shall
include a reference to any Affiliate.

    

    
      	
              1.

            	
              Grant of Restricted
      Stock.

            

    

    

    (a)           Subject
to the terms and conditions of the Plan, as of the Grant Date, the Company
grants to the Participant the number of shares of Common Stock set forth in the
Notice (the “Restricted Shares”), subject to the restrictions set forth in
Paragraph 2 of these Terms and Conditions, the provisions of the Plan and the
other provisions contained in these Terms and Conditions.  If and when
the restrictions set forth in Paragraph 2 expire in accordance with these Terms
and Conditions without forfeiture of the Restricted Shares, and upon the
satisfaction of all other applicable conditions as to the Restricted Shares,
such shares shall no longer be considered Restricted Shares for purposes of
these Terms and Conditions.

    

    (b)           As
soon as practicable after the Grant Date, the Company shall direct that a stock
certificate or certificates representing the applicable Restricted Shares be
registered in the name of and issued to the Participant.  Such
certificate or certificates shall be held in the custody of the Company or its
designee until the expiration of the applicable Restricted Period (as defined in
Paragraph 3).  On or before the date of execution of the Notice, the
Participant has delivered to the Company one or more stock powers endorsed in
blank relating to the Restricted Shares.

    

    (c)           Except
as provided in Paragraph 1(d), in the event that a certificate for the
Restricted Shares is delivered to the Participant, such certificate shall bear
the following legend (the “Legend”):

    

    
      	
               
      

            	
              The
      ownership and transferability of this certificate and the shares of stock
      represented hereby are subject to the terms and conditions (including
      forfeiture) of the NIVS IntelliMedia Technology Group, Inc. 2009 Omnibus
      Incentive Plan and a Restricted Stock Award Notice entered into between
      the registered owner and NIVS IntelliMedia Technology Group,
      Inc.  Copies of such Plan and Notice are on file in the
      executive offices of NIVS IntelliMedia Technology Group,
    Inc.

            

    

    
      
         

      

      
        1

        
          

        

      

      
         

      

    

    

    In
addition, the stock certificate or certificates for the Restricted Shares shall
be subject to such stop-transfer orders and other restrictions as the Company
may deem advisable under the rules, regulations, and other requirements of the
Securities and Exchange Commission, any stock exchange upon which the Common
Stock is then listed, and any applicable federal or state securities law, and
the Company may cause a legend or legends to be placed on such certificate or
certificates to make appropriate reference to such restrictions.

    

    (d)           As
soon as administratively practicable following the expiration of the Restricted
Period without a forfeiture of the Restricted Shares, and upon the satisfaction
of all other applicable conditions as to the Restricted Shares, including, but
not limited to, the payment by the Participant of all applicable withholding
taxes, the Company shall deliver or cause to be delivered to the Participant a
certificate or certificates for the applicable Restricted Shares which shall not
bear the Legend.

    

    
      	
              2.

            	
              Restrictions.

            

    

    

    (a)           The
Participant shall have all rights and privileges of a stockholder as to the
Restricted Shares, including the right to vote and receive dividends or other
distributions with respect to the Restricted Shares, except that the following
restrictions shall apply:

    

    
      	
               
      

            	
               (i)  the
      Participant shall not be entitled to delivery of the certificate or
      certificates for the Restricted Shares until the expiration of the
      Restricted Period without a forfeiture of the Restricted Shares and upon
      the satisfaction of all other applicable
  conditions;

            

    

    

    
      	
               
      

            	
               (ii) 
      none of the Restricted Shares may be sold, transferred, assigned, pledged
      or otherwise encumbered or disposed of during the Restricted Period
      applicable to such shares, except as provided in Section 7.02(c) of the
      Plan or as otherwise permitted by the Committee in its sole discretion or
      pursuant to rules adopted by the Committee in accordance with the Plan;
      and

            

    

    

    
      	
               
      

            	
               (iii)  all
      of the Restricted Shares shall be forfeited and returned to the Company
      and all rights of the Participant with respect to the Restricted Shares
      shall terminate in their entirety on the terms and conditions set forth in
      Paragraph 4.

            

    

    

    (b)           Any
attempt to dispose of Restricted Shares or any interest in the Restricted Shares
in a manner contrary to the restrictions set forth in these Terms and Conditions
shall be void and of no effect.

    

    
      	
              3.

            	
              Restricted Period and
      Vesting.  The “Restricted Period” is the period beginning
      on the Grant Date and ending on the date the Restricted Shares, or such
      applicable portion of the Restricted Shares, are deemed vested under the
      schedule set forth in the Notice.  The Restricted Shares shall
      be deemed vested and no longer subject to forfeiture under Paragraph 4 in
      accordance with the vesting schedule set forth in the Notice or earlier,
      if specified in the Notice, in the event of a Change in
      Control.

            

    

    
      
         

      

      
        2

        
          

        

      

      
         

      

    

    

    
      	
              4.

            	
              Forfeiture.

            

    

    

    (a)           Subject
to Paragraph 6 below, if during the Restricted
Period (i) the Participant incurs a Termination of Service, (ii) there
occurs a material breach of the Notice or these Terms and Conditions by the
Participant or (iii) the Participant fails to meet the tax withholding
obligations described in Paragraph 5(b), all rights of the Participant to the
Restricted Shares that have not vested in accordance with Paragraph 3 as of the
date of such termination shall terminate immediately and be forfeited in their
entirety.

    

    (b)           In
the event of any forfeiture under this Paragraph 4, the certificate or
certificates representing the forfeited Restricted Shares shall be canceled to
the extent of any Restricted Shares that were forfeited.

    

    
      	
              5.

            	
              Withholding.

            

    

    

    (a)           The
Committee shall determine the amount of any withholding or other tax required by
law to be withheld or paid by the Company with respect to any income recognized
by the Participant with respect to the Restricted Shares.

    

    (b)           The
Participant shall be required to meet any applicable tax withholding obligation
in accordance with the provisions of Section 11.05 of the Plan.

    

    (c)           Subject
to any rules prescribed by the Committee, the Participant shall have the right
to elect to meet any withholding requirement (i) by having withheld from this
Award at the appropriate time that number of whole shares of common stock whose
fair market value is equal to the amount of any taxes required to be withheld
with respect to such Award, (ii) by direct payment to the Company in cash of the
amount of any taxes required to be withheld with respect to such Award or (iii)
by a combination of shares and cash.

    

    
      	
              6.

            	
              Committee
      Discretion.  Notwithstanding any provision of the Notice
      or these Terms and Conditions to the contrary, the Committee shall have
      discretion under the Plan to waive any forfeiture of the Restricted Shares
      as set forth in Paragraph 4, the Restricted Period and any other
      conditions set forth in the Notice or these Terms and
      Conditions.

            

    

    

    
      	
              7.

            	
              Defined
      Terms.  Capitalized terms used but not defined in the
      Notice and Agreement shall have the meanings set forth in the Plan, unless
      such term is defined in any Employment Agreement between the Participant
      and the Company or an Affiliate.  Any terms used in the Notice
      and Agreement, but defined in the Participant’s Employment Agreement are
      incorporated herein by reference and shall be effective for purposes of
      the Notice and these Terms and Conditions without regard to the continued
      effectiveness of the Employment
Agreement.

            

    

    
      
         

      

      
        3

        
          

        

      

      
         

      

    

    

    
      	
              8.

            	
              Nonassignability.  The
      Restricted Shares may not be sold, assigned, transferred (other than by
      will or the laws of descent and distribution, or to an inter vivos trust
      with respect to which the Participant is treated as the owner under
      Sections 671 through 677 of the Code), pledged, hypothecated, or otherwise
      encumbered or disposed of until the restrictions on such Shares, as set
      forth in the Notice and Agreement, have lapsed or been
      removed.

            

    

    

    
      	
              9.

            	
              Participant
      Representations.  The Participant hereby represents to
      the Company that the Participant has read and fully understands the
      provisions of the Notice, these Terms and Conditions and the Plan and the
      Participant’s decision to participate in the Plan is completely
      voluntary.  Further, the Participant acknowledges that the
      Participant is relying solely on his or her own advisors with respect to
      the tax consequences of this restricted stock
  award.

            

    

    

    
      	
              10.

            	
              Regulatory
      Restrictions on the Restricted Shares.  Notwithstanding
      any other provision of the Plan, the obligation of the Company to issue
      Restricted Shares under the Plan shall be subject to all applicable laws,
      rules and regulations and such approval by any regulatory body as may be
      required.  The Company reserves the right to restrict, in whole
      or in part, the delivery of the Restricted Shares pursuant to these Terms
      and Conditions prior to the satisfaction of all legal requirements
      relating to the issuance of such shares, to their registration,
      qualification or listing or to an exemption from registration,
      qualification or listing.

            

    

    

    
      	
              11.

            	
              Miscellaneous.

            

    

    

    
      	
               
      

            	
               
      11.1

            	
              Notices.  All
      notices, requests, deliveries, payments, demands and other communications
      which are required or permitted to be given under these Terms and
      Conditions shall be in writing and shall be either delivered personally or
      sent by registered or certified mail, or by private courier, return
      receipt requested, postage prepaid to the parties at their respective
      addresses set forth herein, or to such other address as either shall have
      specified by notice in writing to the other.  Notice shall be
      deemed duly given hereunder when delivered or mailed as provided
      herein.

            

    

    

    
      	
               
      

            	
               
      11.2

            	
              Waiver.  The
      waiver by any party hereto of a breach of any provision of the Notice or
      these Terms and Conditions shall not operate or be construed as a waiver
      of any other or subsequent breach.

            

    

    

    
      	
               
      

            	
               
      11.3

            	
              Entire
      Agreement.  These Terms and Conditions, the Notice and
      the Plan constitute the entire agreement between the parties with respect
      to the subject matter hereof.

            

    

    

    
      	
               
      

            	
               
      11.4

            	
              Binding Effect;
      Successors.  These Terms and Conditions shall inure to
      the benefit of and be binding upon the parties hereto and to the extent
      not prohibited herein, their respective heirs, successors, assigns and
      representatives.  Nothing in these Terms and Conditions, express
      or implied, is intended to confer on any person other than the parties
      hereto and as provided above, their respective heirs, successors, assigns
      and representatives any rights, remedies, obligations or
      liabilities.

            

    

    
      
         

      

      
        4

        
          

        

      

      
         

      

    

    

    
      	
               
      

            	
               
      11.5

            	
              Governing
      Law.  The Notice and these Terms and Conditions shall be
      governed by and construed in accordance with the laws of the State of
      Delaware.

            

    

    

    
      	
               
      

            	
               
      11.6

            	
              Headings.  The
      headings contained herein are for the sole purpose of convenience of
      reference, and shall not in any way limit or affect the meaning or
      interpretation of any of the terms or provisions of these Terms and
      Conditions.

            

    

    

    
      	
               
      

            	
               
      11.7

            	
              Conflicts;
      Amendment.  The provisions of the Plan are incorporated
      in these Terms and Conditions in their entirety.  In the event
      of any conflict between the provisions of these Terms and Conditions and
      the Plan, the provisions of the Plan shall control.  The
      Agreement may be amended at any time by written agreement of the parties
      hereto.

            

    

    

    
      	
               
      

            	
               
      11.8

            	
              No Right to Continued
      Employment.  Nothing in the Notice or these Terms and
      Conditions shall confer upon the Participant any right to continue in the
      employ or service of the Company or affect the right of the Company to
      terminate the Participant’s employment or service at any
    time.

            

    

    

    
      	
               
      

            	
               
      11.9

            	
              Further
      Assurances.  The Participant agrees, upon demand of the
      Company or the Committee, to do all acts and execute, deliver and perform
      all additional documents, instruments and agreements which may be
      reasonably required by the Company or the Committee, as the case may be,
      to implement the provisions and purposes of the Notice and these Terms and
      Conditions and the Plan.

            

    

    
      
         

      

      
        5

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