Document:

EXHIBIT
4.2

NON-QUALIFIED STOCK
OPTION AGREEMENT

THIS NON-QUALIFIED
STOCK OPTION AGREEMENT is made as of             
    , 2006, by and between Andover Medical, Inc., a
Delaware corporation having its principal executive offices at 510 Turnpike
Street, Suite 204, Andover, MA 
01845  (the “Grantor”), and [                                   ]
an individual residing at [                                  ]
(“Optionee”).

WITNESSETH:

WHEREAS, the Andover Medical, Inc. 2006
Employee Stock Incentive Plan was adopted by the Board of Directors (the “Board”)
of the Grantor as of August 31, 2006, subject to approval by the stockholders
of the Grantor;

WHEREAS, the Grantor desires to
provide the Optionee with an opportunity to acquire or increase his proprietary
interest in the business of the Grantor, and, through stock ownership, to
possess an increased personal interest in its continued success and progress;
and

WHEREAS, the Grantor desires to increase
the incentive of the Optionee to exert his utmost efforts to improve the
business and increase the assets of the Grantor;

NOW, THEREFORE, in consideration of the
mutual covenants set forth in this Agreement and for other good and valuable
consideration, the Grantor hereby grants the Optionee an option to purchase
shares of common stock of the Grantor, $0.001 par value per share (the “Common Stock”), upon the following terms
and conditions:

1.                                      Option.

Pursuant
to the Andover Medical, Inc. 2006 Employee Stock Incentive Plan (the “Plan”), the Grantor hereby grants to the
Optionee a non-qualified stock option (the “Option”),
not intended to qualify under Section 422 of the Internal Revenue Code of 1986,
as amended, on the terms and conditions contained in the Plan, to purchase up
to an aggregate of [                 ]
fully paid and non-assessable shares of Common Stock (the “Shares”).

2.                                      Purchase Price.

The
purchase price (“Purchase Price”)
for the Option shall be $[         ]
per share. The Grantor shall pay all original issue or transfer taxes on the
exercise of the Option and all other fees and expenses necessarily incurred by
the Grantor in connection therewith.

3.                                      Exercise of the
Option.

(a)                                  Except
as otherwise set forth herein, no Option shall be exercisable until it has
vested in accordance with the provisions of subsection (b) below.  Any Option which vests and thereby becomes
exercisable hereunder may be exercised in whole or in part, from time to time
and at any time, until the Option lapses or terminates.  If the Optionee’s exercise of any Option

would require the
Grantor to issue a fractional Share, the Grantor will not be required to issue
such fractional Share but it shall pay the Optionee in cash the value of such
fractional Share.  Except as set forth in
Section 5, all unexercised Options (whether or not vested) shall lapse and
forever terminate on August 30, 2016.

(b)                                 Options
for the purchase of the Shares shall vest as follows:                   
(rounded to the nearest Share), or                   
Shares, shall vest and become exercisable on the last day of each month over a
12-month period, starting with                   
    , 2006 (with the final (i.e., twelfth) issuance
to consist of                   
Shares).  Notwithstanding the foregoing,
in the event of a Material Transaction (as defined in Section 8.1 of the Plan)
the Option shall be assumed by the surviving entity with appropriate
adjustments as determined by the Board of Directors of the Company, but in any
event shall accelerate and be fully vested and immediately exercisable upon
completion of the Material Transaction.

4.                                      Manner
of Exercise.

Options that are exercisable may be exercised in whole
or in part at any time during the option period by giving written notice to the
Grantor specifying the number of Shares to be purchased, accompanied by payment
in full of the purchase price, in cash or by check.  Payment in full or in part may be made at the
election of the Optionee (i) in the form of Common Stock owned by the Optionee
(based on the Fair Market Value (as that term is defined in the Plan) of the
Stock on the trading day before the Option is exercised) which is not the
subject of any pledge or security interest which have been owned for more than
6 months or were purchased in the open market, (ii) by a “same day sale”
commitment from an NASD broker-dealer to forward the exercise price of the
Option directly to the Grantor; (iii) by cancellation of indebtedness of the
Grantor to the Optionee; (iv) by waiver of consideration due to Optionee for
services rendered; (v) by tender of a full recourse promissory note by the
Optionee; (vi) by a combination of the 
foregoing, provided that the combined value of all cash and cash
equivalents and the Fair Market Value of any shares surrendered to the Grantor
is at least equal to such exercise price and except, with respect to (ii)
above, such method of payment will not cause a disqualifying  disposition of all or a portion of the Common
Stock received upon exercise of an Incentive Option.  An Optionee shall have the right to dividends
and other rights of a stockholder with respect to shares of Common Stock
purchased upon exercise of an Option at such time as the Optionee has given
written notice of exercise and has paid in full for such shares and has
satisfied such conditions that may be imposed by the Grantor with respect to
the withholding of taxes.

Subject
to the terms and conditions hereof, the Options shall be exercisable by notice
to the Grantor on the form provided by the Grantor, a copy of which is attached
hereto.  In the event that the Options
are being exercised by any person or persons other than the Optionee, the
notice shall be accompanied by proof, satisfactory to the Grantor, of the right
of such person or persons to exercise any right under this Agreement and the
Plan.

5.                                      Termination
of Employment.

(a)                                  In
the event that the Optionee ceases to be a member of the Board (a “Director”) (otherwise than by reason of his death or “total
disability” (as defined in the Plan) or for Cause

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(as that term is
defined in the Grantor’s by-laws), the Option may be exercised (if and to the
extent that the Optionee was entitled to do so at the date of cessation of
being a Director) at any time within three months after such termination, but
in no event after the expiration of the term of the Option.

(b)                                 Intentionally
left blank.

(c)                                  In
the event of the death or total disability of the Optionee while a Director or
within three months after the cessation of being a Director with the Grantor,
the Option may be exercised (if and to the extent that the deceased Optionee
was entitled to do so at the date of his death or total disability) by a
legatee or legatees of the Optionee under such Optionee’s last will and
testament or by his personal representatives or distributees, at any time
within twelve months after his death or total disability, but in no event after
the expiration of the term of the Option.

6.                                      Assignability
of the Option.

Except
as specifically provided herein, the Optionee may not give, grant, sell,
exchange, transfer legal title, pledge, assign or otherwise encumber or dispose
of the Option herein granted or any interest therein, otherwise than by will or
the laws of descent and distribution, and the Option herein granted shall be
exercisable in whole or in part during the Optionee’s lifetime only by the Optionee
or his guardian or legal representative. 
Any attempt to transfer, assign, pledge or otherwise dispose of, or to
subject to execution, attachment or 
similar process, any Option contrary to the provisions hereof shall be
void and ineffective and shall give no right to the purported transferee.

7.                                      Stock as
Investment.

By
accepting the Option herein granted, the Optionee agrees for himself and his
heirs and legatees that, unless the Shares are sold pursuant to an effective
registration statement under the Securities Act of 1933 (the “Securities Act”) or an exemption from registration, all
Shares purchased hereunder shall be acquired for investment purposes only and
not for sale or distribution, and upon the issuance of any or all of the Shares
issuable under the Option, the Optionee, or his heirs or legatees receiving
such Shares, shall deliver to the Grantor a representation in writing, that
such Shares are being acquired in good faith for investment purposes only and
not for sale or distribution. Grantor may place a “stop transfer” order with
respect to such Shares with its transfer agent and place an appropriate
restrictive legend on the stock certificate evidencing such Shares.

8.                                      Restriction
on Issuance of Shares.

The
Grantor shall not be required to issue or deliver any certificate for Shares
purchased upon the exercise of the Option unless (a) the issuance of such
Shares has been registered with the Securities and Exchange Commission under
the Securities Act, or counsel to the Grantor shall have given an opinion that
such registration is not required; (b) approval, to the extent required, shall
have been obtained from any state regulatory body having jurisdiction thereof;
and (c) permission for the listing of such shares shall have been given by any national
securities exchange on which the Common Stock of the Grantor is at the time of
issuance listed.

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9.                                      Adjustment on
Changes in Capitalization.

(a)                                  In
the event of changes in the outstanding Common Stock of the Grantor by reason
of stock dividends, stock splits, reverse stock splits, recapitalizations,
mergers, consolidations, combinations or exchanges of shares, separations,
reorganizations or liquidations, the number of shares of Common Stock as to
which the Option may be exercised shall be correspondingly adjusted by the
Grantor, and the Purchase Price shall be adjusted so that the product of the
Purchase Price immediately after such event multiplied by the number of options
subject to this Agreement immediately after such event shall be equal to the
product of the Purchase Price multiplied by the number of shares subject to
this Agreement immediately prior to the occurrence of such event.

(b)                                 In
the event of any consolidation or merger of the Grantor with or into another
company, or the conveyance of all or substantially all of the assets of the
Grantor to another company for solely stock and/or securities, the unexercised
portion of the Option granted hereunder shall upon exercise thereafter entitle
the holder thereof to such number of Shares or other securities or property to
which a holder of Shares would have been entitled to upon such consolidation,
merger or conveyance; and in any such case appropriate adjustment, as
determined by the Board (or the board of directors of a successor entity) shall
be made as set forth above with respect to any future changes in the
capitalization of the Grantor or its successor entity.

(c)                                  Any
adjustment in the number of Shares shall apply proportionately to only the
unexercised portion of the Options granted hereunder. If fractions of a Share
would result from any such adjustment, the Grantor (or successor entity) may,
but is not required to, issue fractional shares in accordance with the Delaware
General Corporation Law.

10.                               Rights of Optionee.

The
grant of the Option (or any other Option under this Agreement or any other
agreement) in any year shall give the Optionee neither any right to similar
grants in future years nor any right to be retained in the employ of the
Grantor, such employment being terminable to the same extent as if the Plan and
this Agreement were not in effect.  The
right and power of the Grantor to dismiss or discharge any employee is
specifically and unqualifiedly unimpaired by this Agreement.  Neither the Optionee nor any other person
legally entitled to exercise any rights under this Agreement shall be entitled
to any of the rights or privileges of a stockholder of the Grantor with respect
to any Shares which may be issuable upon any exercise pursuant to this
Agreement, unless and until the stock records of the Grantor reflect the
issuance of such Shares.

11.                               Notices.

Each
notice or other communication relating to this Agreement shall be in writing
and delivered in person or by registered mail to the Grantor at its office, 510
Turnpike Street, Suite 204, Andover, MA 01845, to the attention of the Chief
Financial Officer.  All notices to the
Optionee or other person or persons then entitled to exercise any right
pursuant to this Agreement shall be delivered to the Optionee or such other
person or persons at the Optionee’s address specified below the Optionee’s
signature to this Agreement or at such other address as

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the Optionee or
such other person may specify in writing to the Grantor by a notice delivered
in accordance with this paragraph.

12.                               Effect
Upon Employment.

This
Agreement does not give Optionee any right to continued service to the Grantor
on its Board of Directors.

13.                               Binding
Effect.

Except
as herein otherwise expressly provided, this Agreement shall be binding upon
and inure to the benefit of the parties hereto, their successors legal
representatives and assigns.

14.                               Agreement
Subject to Plan.

Notwithstanding
anything contained herein to the contrary, this Agreement is subject to, and
shall be construed in accordance with, the terms of the Plan, which is
incorporated by reference herein and made a part of this Agreement as if fully
set forth herein.  In the event of any
inconsistency between the terms hereof and the terms of the Plan, the terms of
the Plan shall govern.

15.                               Withholding.

Optionee
agrees to cooperate with the Grantor to take all steps necessary or appropriate
for the withholding of taxes by the Grantor under law or regulation in
connection therewith. In the event the Optionee does not make the required
withholding payment at the time of exercise, the Grantor may make such
provisions and take such steps as it, in its sole discretion, may deem
necessary or appropriate for the withholding of any taxes that the Grantor is
required by any law or regulation of any governmental authority, whether
federal, state or local, domestic or foreign, to withhold in connection with
the exercise of any Option, including, but not limited to, (i) the withholding
of payment of all or any portion of such Option until the Optionee reimburses the
Grantor for the amount the Grantor is required to withhold with respect to such
taxes, or (ii) the canceling of any number of shares of Common Stock issuable
upon exercise of such Option in an amount sufficient to reimburse the Grantor
for the amount it is required to so withhold, (iii) the selling of any property
contingently credited by the Grantor for the purpose of exercising such Option,
in order to withhold or reimburse the Grantor for the amount it is required to
so withhold, and/or (iv) withholding the amount due from the Optionee’s wages
if he is employed by the Grantor or any subsidiary thereof.

16.                               Miscellaneous.

This
Agreement shall be construed under the laws of the State of Delaware, without
application to the principles of conflicts of laws. Headings have been included
herein for convenience of reference only, and shall not be deemed a part of the
Agreement.

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IN
WITNESS WHEREOF, the parties hereto have executed this
Non-Qualified Stock Option Agreement as of the day and year first above written.

	
   

  	
  ANDOVER MEDICAL, INC.

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
   

  
	
   

  	
   

  	
  Name: Edwin A.
  Reilly

  
	
   

  	
   

  	
  Title: CEO

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
  OPTIONEE

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
  Name:

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
  Optionee
  Address:

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
  Optionee Social
  Security No.:

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
				

 

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LETTER OF STOCK OPTION EXERCISE

Dated

Andover Medical, Inc.

510 Turnpike Street,
Suite 204

Andover,
MA  01845

Attention:  Chief Financial Officer

Ladies
and Gentlemen:

I wish to purchase the following shares of common
stock of Andover Medical, Inc. pursuant to the non-qualified stock option
granted to me on                   
     , 2006 under the Andover Medical, Inc. 2006
Employee Stock Incentive Plan:

	
  Number of Non-qualified
  Stock Option shares being purchased

  
	
  hereby (the
  “Shares”):

  

 

The purchase price for the Shares is $[      ]
per Share.  My check payable to Andover
Medical, Inc. in the amount of $            
in payment of the purchase price is enclosed.* 
Please issue the stock certificate(s) for these Shares in my name as
follows:

	
  

  	
   

  	
   

  
	
  **Name

  	
   

  
	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  Address

  	
   

  
	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  Social Security Number

  	
   

  
					

 

	
   

  	
  Sincerely yours,

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  Signature

  
	
   

  	
   

  
	
   

  	
  (      )

  
	
   

  	
  Office
  Telephone/Home Telephone

  

 

*                                         If
stock is used in payment, please contact the CEO of the Company, Edwin A.
Reilly, at 978-557-1001.

**                                  If
you wish to have the Shares issued in your name and that of another person
jointly, we suggest that the following form be used:  “(Your name) and (name of other person), as
joint tenants with right of survivorship.”

 7Exhibit
4.3

INCENTIVE
STOCK OPTION AGREEMENT

THIS INCENTIVE STOCK OPTION AGREEMENT, is made as of
              
    , 2006, by and between Andover Medical, Inc., a
Delaware corporation having its principal executive offices at 510 Turnpike
Street, Suite 204, Andover, MA  01845
(the “Grantor”), and
[                      ],
an individual residing at [                                                     ]
(“Optionee”).

WITNESSETH:

WHEREAS,
the Optionee is presently an employee of the Grantor; and

WHEREAS,
the Grantor desires to increase the incentive of the Optionee to exert his
utmost efforts to improve the business and increase the assets of the Grantor;

NOW,
THEREFORE, in consideration of the mutual covenants set forth
in this Agreement and for other good and valuable consideration, the Grantor
hereby grants the Optionee an option to purchase shares of common stock of the
Grantor, $0.001 par value per share (the “Common
Stock”), upon the following terms and conditions:

1.                                      Option.

Pursuant to the Andover
Medical, Inc. 2006 Employee Stock Incentive Plan (the “Plan”), the Grantor hereby grants to the
Optionee an incentive stock option (the “Option”),
as defined in Section 422 of the Internal Revenue Code of 1986, as amended, on
the terms and conditions contained in the Plan, to purchase up to an aggregate
of
[                   ]
fully paid and non-assessable shares of Common Stock (the “Shares”).

2.                                      Purchase
Price.

The purchase price (“Purchase Price”) for the Option shall be
[$       ] per share. The Grantor shall pay
all original issue or transfer taxes on the exercise of the Option and all
other fees and expenses necessarily incurred by the Grantor in connection
therewith.

3.                                      Exercise
of the Option.

(a)                                  Except
as otherwise set forth herein, no Option shall be exercisable until it has
vested in accordance with the provisions of subsection (b) below.  Any Option which vests and thereby becomes
exercisable hereunder may be exercised in whole or in part, from time to time
and at any time, until the Option lapses or terminates.  If the Optionee’s exercise of any Option
would require the Grantor to issue a fractional Share, the Grantor will not be
required to issue such fractional Share but it shall pay the Optionee in cash
the value of such fractional Share. 
Except as set forth in Section 5, all unexercised Options (whether or
not vested) shall lapse and forever terminate on August 30, 2016.

(b)                                 Options
for the purchase of the Shares shall vest as follows:
               
(rounded to the nearest Share), or
               
Shares, shall vest and become exercisable on the last day of each month over a
12-month period, starting with
           
   , 2006 (with the final (i.e., twelfth)

issuance to consist of
                
Shares).  Notwithstanding the foregoing,
in the event of a Material Transaction (as defined in Section 8.1 of the Plan)
the Option shall be assumed by the surviving entity with appropriate
adjustments as determined by the Board of Directors of the Company, but in any
event shall accelerate and be fully vested and immediately exercisable upon
completion of the Material Transaction.

4.                                      Manner
of Exercise.

Options that are
exercisable may be exercised in whole or in part at any time during the option
period by giving written notice to the Grantor specifying the number of Shares
to be purchased, accompanied by payment in full of the purchase price, in cash
or by check.  Payment in full or in part
may be made at the election of the Optionee (i) in the form of Common Stock
owned by the Optionee (based on the Fair Market Value (as that term is defined
in the Plan) of the Stock on the trading day before the Option is exercised)
which is not the subject of any pledge or security interest which have been
owned for more than 6 months or were purchased in the open market, (ii) by a
“same day sale” commitment from an NASD broker-dealer to forward the exercise
price of the Option directly to the Grantor; (iii) by cancellation of
indebtedness of the Grantor to the Optionee; (iv) by waiver of consideration
due to Optionee for services rendered; (v) by tender of a full recourse
promissory note by the Optionee; (vi) by a combination of the foregoing,
provided that the combined value of all cash and cash equivalents and the Fair
Market Value of any shares surrendered to the Grantor is at least equal to such
exercise price and except, with respect to (ii) above, such method of payment
will not cause a disqualifying 
disposition of all or a portion of the Common Stock received upon exercise
of an Incentive Option.  An Optionee
shall have the right to dividends and other rights of a stockholder with
respect to shares of Common Stock purchased upon exercise of an Option at such
time as the Optionee has given written notice of exercise and has paid in full
for such shares and has satisfied such conditions that may be imposed by the
Grantor with respect to the withholding of taxes.

Subject to the terms and
conditions hereof, the Options shall be exercisable by notice to the Grantor on
the form provided by the Grantor, a copy of which is attached hereto.  In the event that the Options are being
exercised by any person or persons other than the Optionee, the notice shall be
accompanied by proof, satisfactory to the Grantor, of the right of such person
or persons to exercise any right under this Agreement and the Plan.

5.                                      Termination
of Employment.

(a)                                  In
the event that the employment of the Optionee shall terminate (otherwise than
by reason of his death or “total disability” (as defined in the Plan), or for
Cause (as that term is defined in Section 5(b) below)), the Option may be
exercised (if and to the extent that the Optionee was entitled to do so at the
date of termination of his employment) at any time within three months after
such termination, but in no event after the expiration of the term of the
Option.

(b)                                 In
the event that the employment of the Optionee shall terminate for Cause, the
Option shall be cancelled immediately. 
Termination for Cause shall mean dismissal for commission of any act of
a theft, embezzlement or fraud involving the Grantor or any Parent,

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Subsidiary or Affiliate of the Grantor or otherwise,
or a breach of fiduciary duty to the Grantor or any Parent, Subsidiary of
Affiliate of the Grantor. If the employment of the Optionee shall be suspended
pending an investigation of whether or not the Optionee shall be terminated for
Cause, all of the Optionee’s rights under the Option granted hereunder likewise
shall be suspended during the period of investigation.

(c)                                  In
the event of the death or total disability of the Optionee while an employee of
the Grantor or within three months after the termination of the Optionee’s
employment with the Grantor other than for Cause, the Option may be exercised
(if and to the extent that the deceased Optionee was entitled to do so at the
date of his death or total disability) by a legatee or legatees of the Optionee
under such Optionee’s last will and testament or by his personal
representatives or distributees, at any time within twelve months after his
death or total disability, but in no event after the expiration of the term of
the Option.

6.                                      Assignability
of the Option.

Except as specifically
provided herein, the Optionee may not give, grant, sell, exchange, transfer
legal title, pledge, assign or otherwise encumber or dispose of the Option
herein granted or any interest therein, otherwise than by will or the laws of
descent and distribution, and the Option herein granted shall be exercisable in
whole or in part during the Optionee’s lifetime only by the Optionee or his
guardian or legal representative.  Any
attempt to transfer, assign, pledge or otherwise dispose of, or to subject to
execution, attachment or  similar
process, any Option contrary to the provisions hereof shall be void and
ineffective and shall give no right to the purported transferee.

7.                                      Stock
as Investment.

By accepting the Option
herein granted, the Optionee agrees for himself and his heirs and legatees that
unless the Shares are sold pursuant to an effective registration statement
under the Securities Act of 1933 (the “Securities
Act”) or an exemption from registration, all Shares purchased
hereunder shall be acquired for investment purposes only and not for sale or
distribution, and upon the issuance of any or all of the Shares issuable under
the Option, the Optionee, or his heirs or legatees receiving such Shares, shall
deliver to the Grantor a representation in writing, that such Shares are being
acquired in good faith for investment purposes only and not for sale or
distribution. Grantor may place a “stop transfer” order with respect to such
Shares with its transfer agent and place an appropriate restrictive legend on
the stock certificate evidencing such Shares.

8.                                      Restriction
on Issuance of Shares.

The Grantor shall not be
required to issue or deliver any certificate for Shares purchased upon the
exercise of the Option unless (a) the issuance of such Shares has been
registered with the Securities and Exchange Commission under the Securities
Act, or counsel to the Grantor shall have given an opinion that such
registration is not required; (b) approval, to the extent required, shall have
been obtained from any state regulatory body having jurisdiction thereof; and
(c) permission for the listing of such shares shall have been given by any
national securities exchange on which the Common Stock of the Grantor is at the
time of issuance listed.

 3
 

9.                                      Adjustment
on Changes in Capitalization.

(a)                                  In
the event of changes in the outstanding Common Stock of the Grantor by reason
of stock dividends, stock splits, reverse stock splits, recapitalizations,
mergers, consolidations, combinations or exchanges of shares, separations,
reorganizations or liquidations, the number of shares of Common Stock as to
which the Option may be exercised shall be correspondingly adjusted by the
Grantor, and the Purchase Price shall be adjusted so that the product of the
Purchase Price immediately after such event multiplied by the number of options
subject to this Agreement immediately after such event shall be equal to the
product of the Purchase Price multiplied by the number of shares subject to
this Agreement immediately prior to the occurrence of such event.

(b)                                 In
the event of any consolidation or merger of the Grantor with or into another
company, or the conveyance of all or substantially all of the assets of the
Grantor to another company for solely stock and/or securities, the unexercised
portion of the Option granted hereunder shall upon exercise thereafter entitle
the holder thereof to such number of Shares or other securities or property to
which a holder of Shares would have been entitled to upon such consolidation,
merger or conveyance; and in any such case appropriate adjustment, as
determined by the Board (or the board of directors of a successor entity) shall
be made as set forth above with respect to any future changes in the
capitalization of the Grantor or its successor entity.

(c)                                  Any
adjustment in the number of shares of Common Stock shall apply proportionately
to only the unexercised portion of the Options granted hereunder. If fractions
of a share of Common Stock would result from any such adjustment, the Grantor
(or successor entity) may, but is not required to, issue fractional shares in
accordance with the Delaware General Corporation Law.

10.                               Rights
of Optionee.

The grant of the Option
(or any other option under this Agreement or any other agreement) in any year
shall give the Optionee neither any right to similar grants in future years nor
any right to be retained in the employ of the Grantor, such employment being
terminable to the same extent as if the Plan and this Agreement were not in
effect.  The right and power of the
Grantor to dismiss or discharge any employee is specifically and unqualifiedly
unimpaired by this Agreement.  Neither
the Optionee nor any other person legally entitled to exercise any rights under
this Agreement shall be entitled to any of the rights or privileges of a
stockholder of the Grantor with respect to any Shares which may be issuable
upon any exercise of the Option, unless and until the stock records of the
Grantor reflect the issuance of such Shares.

11.                               Notices.

Each notice or other
communication relating to this Agreement shall be in writing and delivered in
person or by registered mail to the Grantor at its office at 510 Turnpike
Street, Suite 204, Andover, MA 01845, to the attention of the Chief Financial
Officer.  All notices to the Optionee or
other person or persons then entitled to exercise any right pursuant to this
Agreement shall be delivered to the Optionee or such other person or persons at
the Optionee’s

 4
 

address specified below the Optionee’s signature to
this Agreement or at such other address as the Optionee or such other person
may specify in writing to the Grantor by a notice delivered in accordance with
this paragraph.

12.                               Effect
Upon Employment.

This Agreement does not
give Optionee any right to continued employment by Grantor.

13.                               Binding
Effect.

Except as herein
otherwise expressly provided, this Agreement shall be binding upon and inure to
the benefit of the parties hereto, their successors, legal representatives and
assigns.

14.                               Agreement
Subject to Plan.

Notwithstanding anything
contained herein to the contrary, this Agreement is subject to, and shall be
construed in accordance with, the terms of the Plan, which is incorporated by
reference herein and made a part of this Agreement as if fully set forth
herein.  In the event of any
inconsistency between the terms hereof and the terms of the Plan, the terms of
the Plan shall govern.

15.                               Withholding.

Optionee agrees to cooperate
with the Grantor to take all steps necessary or appropriate for the withholding
of taxes by the Grantor under law or regulation in connection therewith. In the
event the Optionee does not make the required withholding payment at the time
of exercise, the Grantor may make such provisions and take such steps as it, in
its sole discretion, may deem necessary or appropriate for the withholding of
any taxes that the Grantor is required by any law or regulation of any
governmental authority, whether federal, state or local, domestic or foreign,
to withhold in connection with the exercise of any Option, including, but not
limited to, (i) the withholding of payment of all or any portion of such Option
until the Optionee reimburses the Grantor for the amount the Grantor is
required to withhold with respect to such taxes, or (ii) the canceling of any
number of shares of Common Stock issuable upon exercise of such Option in an
amount sufficient to reimburse the Grantor for the amount it is required to so
withhold, (iii) the selling of any property contingently credited by the
Grantor for the purpose of exercising such Option, in order to withhold or
reimburse the Grantor for the amount it is required to so withhold, and/or (iv)
withholding the amount due from the Optionee’s wages if he is employed by the
Grantor or any subsidiary thereof.

16.                               Miscellaneous.

This Agreement shall be
construed under the laws of the State of Delaware, without application to the
principles of conflicts of laws. Headings have been included herein for
convenience of reference only, and shall not be deemed a part of the Agreement.

 5
 

IN
WITNESS WHEREOF, the parties hereto have executed this
Incentive Stock Option Agreement as of the day and year first above written.

	
  

  	
  ANDOVER MEDICAL, INC.

  
	
   

  	
   

  
	
   

  	
  By:

  	
   

  
	
   

  	
   

  	
  Name: Edwin A.
  Reilly

  
	
   

  	
   

  	
  Title: CEO

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
  OPTIONEE

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
  Name:

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
  Optionee
  Address:

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
  Optionee Social
  Security No.:

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
				

 

 6
 

LETTER OF STOCK OPTION EXERCISE

Dated

Andover Medical, Inc.

510 Turnpike Street,
Suite 204

Andover,
MA  01845

Attention:  Chief Financial Officer

Ladies
and Gentlemen:

I
wish to purchase the following shares of common stock of Andover Medical, Inc.
pursuant to the option granted to me on
                  
     , 2006 under the Andover Medical, Inc. 2006
Employee Stock Plan:

	
  Number of Incentive Stock
  Option shares being purchased 

  
	
  hereby (the
  “Shares”):

  

 

The purchase price for the Shares is
$[         ] per Share.  My check payable to Andover Medical, Inc. in
the amount of
$           in payment
of the purchase price is enclosed.* 
Please issue the stock certificate(s) for these Shares in my name as
follows:

	
  

  	
   

  	
   

  
	
  **Name

  	
   

  
	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  Address

  	
   

  
	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  Social Security Number

  	
   

  
					

 

	
   

  	
  Sincerely yours,

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  Signature

  
	
   

  	
   

  
	
   

  	
  (      )

  
	
   

  	
  Office
  Telephone/Home Telephone

  

 

*                                         If
stock is used in payment, please contact the CEO of the Company, Edwin A.
Reilly, at 978-557-1001.

**                                  If
you wish to have the shares issued in your name and that of another person
jointly, we suggest that the following form be used:  “(Your name) and (name of other person), as
joint tenants with right of survivorship.”

 7

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