Document:

Agreement and General Release

 Exhibit 10.67 
  
 AGREEMENT AND GENERAL RELEASE 
  
 Agreement and General Release executed this 6th day of December, 2004, by and between John B. Caouette who resides at [home address] and
MBIA Insurance Corporation (“MBIA”) on behalf of any of its past or present parent entities, subsidiaries, divisions, affiliates and related business entities, assets, employee benefit plans or funds, successors and assigns (MBIA and/or
its affiliates), and any of its or their past or present directors, officers, fiduciaries, agents, trustees, administrators, employees and assigns (collectively the “MBIA Entities and Persons”). 
  
 1. I hereby acknowledge receipt of the November 15, 2004 letter from Kevin D.
Silva (the “Letter”), a copy of which is annexed hereto. 
  
 2. I further acknowledge the additional payments and/or other benefits to be provided me pursuant to the Letter and this Agreement and General Release: (i) exceed any payment, benefit, or other thing of value to which I might otherwise be
entitled under any policy, plan, or procedure of MBIA and/or its affiliates or pursuant to any prior agreement or contract (oral, written or otherwise) between MBIA and/or its affiliates and me; and (ii) are in full discharge of any and all
liabilities and obligations of MBIA and/or its affiliates to me, monetarily or with respect to employee benefits or otherwise including but not limited to any and all obligations arising under any alleged written or oral employment agreement,
policy, plan or procedure of MBIA and/or its affiliates and/or any alleged understanding or arrangement between me and MBIA and/or its affiliates. 
  
 3. I shall have up to twenty-one (21) days from the date of receipt to consider the terms and conditions of this Agreement and General Release. I may
accept this Agreement and General Release by fully executing it and returning it to Kevin D. Silva, Chief Administrative Officer, MBIA Insurance Corporation, 113 King Street, Armonk, New York 10504, no earlier than December 24, 2004. After executing
this Agreement and General Release, I shall have seven (7) days (the “Revocation Period”) to revoke this Agreement and General Release by indicating my desire to do so in writing addressed and delivered to Kevin D. Silva at the address
listed above no later than the close of business on the seventh (7th) day following the date I execute this
Agreement and General Release. The effective date of this Agreement and General Release shall be the eighth (8th)
day following my signing of the Agreement and General Release (the “Release Effective Date”). In the event I do not accept this Agreement and General Release as set forth above, or in the event I revoke this Agreement and General Release
during the Revocation Period, this Agreement and General Release, including but not limited to the obligation of MBIA to provide payments and the benefits referred to in the Letter shall be deemed automatically null and void. 
  
 4. As of the Release Effective Date and subject to my compliance of the terms
and conditions of this Agreement and General Release, I shall be entitled to the additional payments and benefits described in the Letter. 
  
 5. I acknowledge that my last day of employment with MBIA will be December 24, 2004 (“Separation Date”). I further acknowledge that MBIA and/or
its affiliates will not have any obligation to rehire me or to consider me for reemployment after the Separation Date. In the event that I attempt to apply for any position with MBIA and/or its affiliates I hereby acknowledge that the denial of my
application is permissible and is not and will not be considered by me to be retaliatory, a violation of this Agreement and General Release or any law. I further acknowledge that such representations constitute a material inducement for MBIA to
provide the payments and/or other benefits to me under this Agreement. 
  
 6. The payments and benefits provided under this Agreement are conditional on my non-competition with MBIA and/or its affiliates for a period of 12 months. Non-competition shall mean that, without the prior written consent of MBIA and/or
any of its affiliates, during such 12 month period: 
  
 a. I
shall not, directly or indirectly, hire, solicit, or help another person or entity to hire or solicit any employee of MBIA and/or its affiliates. I also shall not, directly or indirectly, hire, solicit, or help another person or entity to hire or
solicit any person who has been an employee of MBIA and/or its affiliates within a one year period prior to the first date on which I attempt to hire, solicit or help another person or entity to hire or solicit such person. Further, I shall not
directly or indirectly induce or encourage any employee of MBIA and/or its affiliates to leave MBIA and/or its affiliates’ employ. 

 b. I shall not either directly or indirectly, direct business I was developing on behalf of MBIA and/or
its affiliates while employed with MBIA to any of my future or prospective employers. 
  
 c. I agree that I will not seek or accept employment with any of MBIA’s Triple A monoline competitors, which include AMBAC, FSA, FGIC, CDC/CIFG, XL, ACE Guaranty Corporation, DePfa, and Radian Asset Assurance
Inc. 
  
 7. I agree that I will not use for my own benefit or
disclose to third parties any Confidential Information, as defined herein, relating to MBIA and/or its affiliates and its or their businesses, including any Confidential Information of customers of MBIA and/or its affiliates, obtained by me during
my employment and not otherwise public knowledge or known within the applicable industry (other than by acts by me in violation of this Agreement). For purposes of this Agreement, “Confidential Information” shall include, without
limitation, information not otherwise known in the applicable industry and/or not previously disclosed to the public by MBIA and/or its affiliates or its or their management with respect to the operations, facilities and methods, strategies, trade
secrets and other intellectual property, systems, procedures, technical know-how, methods of investment, processes, customers, clients, investors, markets, marketing methods, manuals, confidential reports, fee information, finances, financial or
listing information (including, without limitation, the revenues, costs or profits associated with any activities or products of MBIA and/or its affiliates, business plans, prospects, budgetary objectives, opportunities or other information of or
relating to MBIA and/or its affiliates). “Confidential Information” shall not include information which is known within the applicable industry or is or becomes generally available to the public other than as a result of disclosure by me
in violation of this paragraph. 
  
 8. a. In consideration for the
payment and/or other benefits to be provided me pursuant to the Letter and this Agreement and General Release, I, for myself and for my heirs, executors, administrators, and assigns (hereinafter referred to collectively as “Releasors”),
forever release and discharge the MBIA Entities and Persons, from any and all claims, demands, causes of action, fees and liabilities of any kind whatsoever, whether known or unknown, which I ever had, now have, or may have against the MBIA Entities
and Persons by reason of any actual or alleged act, omission, transaction, practice, conduct, statement, occurrence, or other matter up to and including the date on which I sign this Agreement and General Release. 
  
 b. Without limiting the generality of the foregoing, this Agreement and
General Release is intended to and shall release the MBIA Entities and Persons from any and all claims, whether known or unknown, which Releasors ever had, now have, or may have against the MBIA Entities and Persons arising out of my employment,
and/or my separation from that employment, including, but not limited to: (i) any claim under the Age Discrimination in Employment Act; (ii) any claim under Title VII of the Civil Rights Act; (iii) any claim under the American with Disabilities Act;
(iv) any claim under the Pennsylvania Human Relations Act; (v) any claim under the New York State Human Rights Law; (vi) any claim under any other federal state or local law (statutory or decisional), regulation ordinance relating to and/or
prohibiting employment discrimination, harassment and/or retaliation; (vii) any claim under the Employee Retirement Income Security Act (“ERISA”) (excluding claims for accrued, vested benefits under any employee benefit pension plan of
MBIA in accordance with the terms and conditions of such plan and applicable law); (viii) any claim under the Family and Medical Leave Act (“FMLA”); (ix) any other claim (whether based on federal, state, or local law, statutory or
decisional) relating to or arising out of my employment, the terms and conditions of such employment, the separation from such employment, and/or any of the events relating directly or indirectly to or surrounding the separation from that
employment; and (x) any claim for attorneys’ fees, costs, disbursements and/or the like. Nothing in this Agreement shall be a waiver of claims that may arise after the date on which you sign this Agreement. 
  
 9. I agree, to the extent permitted by law, that I will not seek or accept
any award or settlement from any source or proceeding with respect to any claim or right covered by paragraph “8” of this Agreement and General Release. 
  
 10. I agree that I will not publicly disparage or encourage or induce others to publicly disparage the MBIA Entities and
Persons. For the purposes of this Agreement and General Release, the term “disparage” includes, without limitation, comments or statements to the press and/or media, the MBIA Entities and Persons or any individual or entity with whom MBIA
and/or its affiliates has or have a business relationship which would adversely affect in any manner (i) the conduct of the business of MBIA and/or its affiliates (including, without limitation, any business plans or prospects) and/or (ii) the
business reputation of the MBIA Entities and Persons. 

 11. a. I agree that I will cooperate with MBIA and/or its affiliates and its/their counsel in connection
with any investigation, administrative proceeding or litigation relating to any matter that occurred during my employment in which I was involved or of which I have knowledge. 
  
 b. I agree that, in the event I am subpoenaed by any person or entity (including, but not limited to, any government agency)
to give testimony (in a deposition, court proceeding or otherwise) which in any way relates to my employment, I will give prompt notice of such request to Kevin D. Silva, Chief Administrative Officer, MBIA Insurance Corporation, 113 King Street,
Armonk, New York 10504, and will make no disclosure until MBIA and/or its affiliates has had a reasonable opportunity to contest the right of the requesting person or entity to such disclosure. 
  
 12. The terms and conditions of this Agreement and General Release and the
Letter are and shall be deemed to be confidential, and shall not be disclosed by me to any person or entity without the prior written consent of MBIA, except if required by law, and to my accountants, attorneys or immediate family members, provided
that they agree to maintain the confidentiality of the aforesaid documents to the maximum extent permitted by law, code, rule or regulation. I further represent that I have not disclosed the terms and conditions of the aforesaid documents to anyone
other than my attorneys, accountants and immediate family members. I also understand and agree that if I make a disclosure in violation of this paragraph, MBIA shall have the right to discontinue all payments and/or benefits provided for by the
Letter and this Agreement and General Release, and shall have the further right to recover all sums it may have paid to me pursuant to the Letter and/or this Agreement and General Release. 
  
 13. MBIA herby acknowledges that, notwithstanding your separation, you will
continue to be entitled to be indemnified with respect to any act or omission in which you engaged in your capacity as an officer of the company, as provided by the company’s by-laws or applicable law, and to the same extent and in the same
manner as the company indemnifies other officers for such acts or omissions. 
  
 14. If any provision of this Agreement and General Release is held by a court of competent jurisdiction to be illegal, void, or unenforceable, such provision shall be of no force and effect, and such provision shall
have no effect upon, and shall not impair the enforceability of, any other provision of this Agreement and General Release. If a court should determine that any provision of this Agreement and General Release is overbroad or unreasonable, such
provision shall be given effect to the maximum extent possible by narrowing or enforcing in part that aspect of the provision found to be overbroad or unreasonable. In addition, upon any finding by a court or agency of competent jurisdiction that
any provision of this Agreement and General Release is illegal, void, or unenforceable, I agree, unless otherwise prohibited by law, to execute a release, waiver and/or covenant that is/are legal and enforceable. 
  
 15. I agree that if I breach any of the terms of paragraphs “6,”
“7,” “10,” “11,” and/or “12,” it shall constitute a material breach of this Agreement and General Release as to which the MBIA Entities and Persons may seek all available relief under law, including, but not
limited to, recoupment of the amounts paid to me pursuant to this Letter and Agreement and General Release. 
  
 16. This Agreement and General Release is not intended, and shall not be construed, as an admission that any of the MBIA Entities and Persons has or have
violated any federal, state or local law (statutory or decisional), ordinance or regulation, breached any contract or committed any wrong whatsoever against me. 
  

17. I acknowledge that: (a) I have been advised by MBIA in writing to consult with an attorney of my choosing in connection with this Agreement and
General Release; (b) I have carefully read this Agreement and General Release in its entirety; (c) I have had the opportunity to consider fully for at least twenty-one (21) days the terms of this Agreement and General Release; (d) I fully understand
the significance of all of the terms and conditions of this Agreement and General Release and I have discussed it with my independent legal counsel, or have had a reasonable opportunity to do so; (e) I have had answered to my satisfaction any
questions I have asked with regard to the meaning and significance of any of the provisions of this Agreement and General Release; and (f) I am signing this Agreement and General Release voluntarily and of my own free will and assent to all the
terms and conditions contained herein with the intent to be bound hereby. 

 18. a. I agree that this Agreement and General Release may only be used as evidence in a subsequent
proceeding in which the parties allege a breach of and/or indemnification under this Agreement and General Release. 
  
 b. This Agreement and General Release shall be construed and enforced in accordance with the laws of the State of New York without regard to the
principles of conflict of law. 
  
 19. This Agreement and General
Release is binding upon, and shall inure to the benefit of, the parties and their respective heirs, executors, administrators, successors and assigns. 
  
 20. I understand that this Agreement and General Release, and the attached letter from Kevin D. Silva, constitute the complete understanding between MBIA
and/or its affiliates and me, and supersedes any and all agreements, understandings, and discussions, whether written or oral between me and MBIA and/or its affiliates. No other promises or agreement shall be binding unless in writing and signed by
both MBIA and me after the Release Effective Date. 
  

			
	Dated:	 	11/24/04
		
	 Signature:
	 	 /s/ JOHN B. CAOUETTE

	 	 	 John B. Caouette

  

					
	STATE OF New York	 	)
	 	 	 	 	)     SS.:
	COUNTY OF	 	Westchester	 	)

  
 On this 6th day of
December 2004, before me personally came John B. Caouette to be known and known to me to be the person described and who executed the foregoing Agreement, and she duly acknowledged to me that she executed the same. 
  

			
	 /s/ Patricia A. Olin

	 	 	Notary Public
	 	 	PATRICIA A. OLIN
	 	 	Notary Public, State of New York
	 	 	No. 60-4623828
	 	 	Qualified in Westchester County
	 	 	Commission Expires April 30, 2006

  

			
	MBIA Insurance Corp.
		
	 By:
	 	 /s/ KEVIN D. SILVA

	 	 	Kevin D. Silva

  
  

					
	STATE OF NEW YORK	 	)
	 	 	 	 	)     SS.:
	COUNTY OF	 	Westchester	 	)

  
 On this 6th day of
December 2004, before me personally came Kevin D. Silva to be known and known to me to be the person described and who executed the foregoing Agreement, and he duly acknowledged to me that he executed the same. 
  

			
	 /s/ Shella M. Lieberman

	 	 	Notary Public
	 	 	Shella M. Lieberman
	 	 	Notary Public State of New York
	 	 	No. 4998416
	 	 	Qualified in Westchester County
	 	 	Commission Expires June 29, 20062002 Incentive Stock Option Plan and form of Incentive Stock Option Agreement

 Exhibit 10.20 
  
 2002 INCENTIVE STOCK OPTION PLAN 
  

	1.	 	Purposes of the Plan. The purposes of this Stock Option Plan are: 

  
 to attract and retain the best available personnel for positions of substantial responsibility, 
  
 to provide additional incentive to Employees and Consultants, and

  
 to promote the success of the Company’s business.

  
 Options granted under the Plan may be Incentive Stock Options
or Nonstatutory Stock Options, as determined by the Administrator at the time of grant. Stock Purchase Rights may also be granted under the Plan. 
  

	2.	 	Definitions. As used herein, the following definitions shall apply: 

  

	 	(a)	 	“Administrator” means the Board or any of its Committees as shall be administering the Plan, in accordance with Section 4 of the Plan.

  

	 	(b)	 	“Applicable Laws” means the legal requirements relating to the administration of stock option plans under state corporate and securities laws and the Code.

  

	 	(c)	 	“Board” means the Board of Directors of the Company. 

  

	 	(d)	 	“Code” means the Internal Revenue Code of 1986, as amended. 

  

	 	(e)	 	“Committee” means a Committee appointed by the Board in accordance with Section 4 of the Plan. 

  

	 	(f)	 	“Common Stock” means the Common Stock of the Company. 

  

	 	(g)	 	“Company” means Tarantella, Inc., a California corporation. 

  

	 	(h)	 	“Consultant” means any person, including an advisor, engaged by the Company or a Parent or Subsidiary to render services and who is compensated for such services,
provided that the term “Consultant” shall not include Directors who are paid only a director’s fee by the Company or who are not compensated by the Company for their services as Directors. 

  

	 	(i)	 	“Continuous Status as an Employee or Consultant” means that the employment or consulting relationship is not interrupted or terminated by the Company, any Parent or
Subsidiary. Continuous Status as an Employee or Consultant shall not be considered interrupted in the case of: (i) any leave of absence approved by the Company, including sick leave, military leave, or any other personal leave; provided, however,
that for purposes of Incentive Stock Options, any such leave may not exceed ninety (90) days, unless reemployment upon the expiration of such leave is guaranteed by contract (including certain Company policies) or statute or, if reemployment is not
so guaranteed, Continuous Status as an Employee or Consultant shall not be considered interrupted, but the Incentive Stock Option shall automatically be converted into a Nonstatutory Stock Option on the ninety-first (91st) day of such leave; or (ii)
transfers between locations of the Company or between the Company, its Parent, its Subsidiaries or its successor. 

  

	 	(j)	 	“Director” means a member of the Board. 

  

	 	(k)	 	“Disability” means total and permanent disability as defined in Section 22(e)(3) of the Code. 

  

	 	(l)	 	“Employee” means any person, including Officers and Directors, employed by the Company or any Parent or Subsidiary of the Company. Neither service as a Director nor
payment of a director’s fee by the Company shall be sufficient to constitute “employment” by the Company. 

  

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

  

	 	(n)	 	“Fair Market Value” means, as of any date, the value of Common Stock determined as follows: 

  

	 	(i)	 	 If the Common Stock is listed on any established stock exchange or a national market system, including without limitation the National Market System of the National
Association of Securities Dealers, Inc. Automated Quotation (“NASDAQ”) System, the Fair Market Value of a Share of Common Stock shall 

 
be the closing sales price for such stock (or the closing bid, if no sales were reported) as quoted on such system or exchange (or the exchange with the
greatest volume of trading in Common Stock) on the last market trading day prior to the day of determination, as reported in The Wall Street Journal or such other source as the Administrator deems reliable; 
  

	 	(ii)	 	If the Common Stock is quoted on the NASDAQ System (but not on the National Market System thereof) or is regularly quoted by a recognized securities dealer but selling prices are
not reported, the Fair Market Value of a Share of Common Stock shall be the mean between the high bid and low asked prices for the Common Stock on the last market trading day prior to the day of determination, as reported in The Wall Street Journal
or such other source as the Administrator deems reliable; 

  

	 	(iii)	 	In the absence of an established market for the Common Stock, the Fair Market Value shall be determined in good faith by the Administrator. 

  

	 	(o)	 	“Incentive Stock Option” means an Option intended to qualify as an incentive stock option within the meaning of Section 422 of the Code and the regulations
promulgated thereunder. 

  

	 	(p)	 	“Nonstatutory Stock Option” means an Option not intended to qualify as an Incentive Stock Option. 

  

	 	(q)	 	“Notice of Grant” means a written notice evidencing certain terms and conditions of an individual Option or Stock Purchase Right grant. The Notice of Grant is part
of the Option Agreement. 

  

	 	(r)	 	“Officer” means a person who is an officer of the Company within the meaning of Section 16 of the Exchange Act and the rules and regulations promulgated thereunder.

  

	 	(s)	 	“Option” means a stock option granted pursuant to the Plan. 

  

	 	(t)	 	“Option Agreement” means a written agreement between the Company and an Optionee evidencing the terms and conditions of an individual Option grant. The Option
Agreement is subject to the terms and conditions of the Plan. 

  

	 	(u)	 	“Option Exchange Program” means a program whereby outstanding options are surrendered in exchange for options with a lower exercise price. 

 

	 	(v)	 	“Optioned Stock” means the Common Stock subject to an Option or Stock Purchase Right. 

  

	 	(w)	 	“Optionee” means an Employee or Consultant who holds an outstanding Option or Stock Purchase Right. 

  

	 	(x)	 	“Parent” means a “parent corporation”, whether now or hereafter existing, as defined in Section 424(e) of the Code. 

  

	 	(y)	 	“Plan” means this 2004 Incentive Stock Option Plan. 

  

	 	(z)	 	“Restricted Stock” means shares of Common Stock acquired pursuant to a grant of Stock Purchase Rights under Section 11 below. 

  

	 	(aa)	 	“Restricted Stock Purchase Agreement” means a written agreement between the Company and the Optionee evidencing the terms and restrictions applying to stock
purchased under a Stock Purchase Right. The Restricted Stock Purchase Agreement is subject to the terms and conditions of the Plan and the Notice of Grant. 

  

	 	(bb)	 	“Rule 16b-3” means Rule 16b-3 of the Exchange Act or any successor to Rule 16b-3, as in effect when discretion is being exercised with respect to the Plan.

  

	 	(cc)	 	“Share” means a share of the Common Stock, as adjusted in accordance with Section 13 of the Plan. 

  

	 	(dd)	 	“Stock Purchase Right” means the right to purchase Common Stock pursuant to Section 11 of the Plan, as evidenced by a Notice of Grant. 

  

	 	(ee)	 	“Subsidiary” means a “subsidiary corporation”, whether now or hereafter existing, as defined in Section 424(f) of the Code. 

  

	3.	 	 Stock Subject to the Plan. Subject to the provisions of Section 13 of the Plan, the maximum aggregate number of 

 
Shares which may be optioned and sold under the Plan is 21,513,665 Shares. The Shares may be authorized, but unissued, or reacquired Common Stock. However,
should the Company reacquire Shares which were issued pursuant to the exercise of an Option or Stock Purchase Right, such Shares shall not become available for future grant under the Plan. 
  
 If an Option or Stock Purchase Right expires or becomes unexercisable without
having been exercised in full, or is surrendered pursuant to an Option Exchange Program, the unpurchased Shares which were subject thereto shall become available for future grant or sale under the Plan (unless the Plan has terminated);
provided, however, that Shares that have actually been issued under the Plan, whether upon exercise of an Option or Right, shall not be returned to the Plan and shall not become available for future distribution under the Plan, except that if
Shares of Restricted Stock are repurchased by the Company at their original purchase price, and the original purchaser of such Shares did not receive any benefits of ownership of such Shares, such Shares shall become available for future grant under
the Plan. For purposes of the preceding sentence, voting rights shall not be considered a benefit of Share ownership. 
  
 Notwithstanding the foregoing, at any such time as the offer and sale of securities pursuant to the Plan is subject to compliance with Section 260.140.45
of Title 10 of the California Code of Regulations (“Section 260.140.45”), the total number of shares of Common Stock issuable upon the exercise of all outstanding Options or Stock Purchase Rights (together with options or stock
purchase rights outstanding under any other stock option plan of the Company) and the total number of shares provided for under any stock bonus or similar plan of the Company shall not exceed thirty percent (30%) (or such other higher percentage
limitation as may be approved by the shareholders of the Company pursuant to Section 260.140.45) of the then outstanding shares of the Company as calculated in accordance with the conditions and exclusions of Section 260.140.45. 
  

	4.	 	Administration of the Plan. 

  

	 	(a)	 	Administration. The Plan shall be administered by the Board, a Committee appointed by the Board or their designees, which Committee and designees shall be constituted to
comply with Applicable Laws. 

  

	 	(b)	 	Powers of the Administrator. Subject to the provisions of the Plan, and in the case of a Committee, subject to the specific duties delegated by the Board to such Committee or
by either to their designees, the Administrator shall have the authority, in its discretion: 

  

	 	(i)	 	to determine the Fair Market Value of the Common Stock, in accordance with Section 2(n) of the Plan; 

  

	 	(ii)	 	to select the Consultants and Employees to whom Options and Stock Purchase Rights may be granted hereunder; 

  

	 	(iii)	 	to determine whether and to what extent Options and Stock Purchase Rights or any combination thereof, are granted hereunder; 

  

	 	(iv)	 	to determine the number of shares of Common Stock to be covered by each Option and Stock Purchase Right granted hereunder; 

  

	 	(v)	 	to approve forms of agreement for use under the Plan; 

  

	 	(vi)	 	to determine the terms and conditions, not inconsistent with the terms of the Plan, of any award granted hereunder. Such terms and conditions include, but are not limited to, the
exercise price, the time or times when Options or Stock Purchase Rights may be exercised (which may be based on performance criteria), any vesting acceleration or waiver of forfeiture restrictions, and any restriction or limitation regarding any
Option or Stock Purchase Right or the shares of Common Stock relating thereto, based in each case on such factors as the Administrator, in its sole discretion, shall determine; 

  

	 	(vii)	 	to construe and interpret the terms of the Plan and awards granted pursuant to the Plan; 

  

	 	(viii)	 	to prescribe, amend and rescind rules and regulations relating to the Plan; 

  

	 	(ix)	 	to modify or amend each Option or Stock Purchase Right (subject to Section 15(c) of the Plan); 

  

	 	(x)	 	to authorize any person to execute on behalf of the Company any instrument required to effect the grant of an Option or Stock Purchase Right previously granted by the Administrator;

	 	(xi)	 	to institute an Option Exchange Program; 

  

	 	(xii)	 	to determine the terms and restrictions applicable to Options and Stock Purchase Rights and any Restricted Stock; and 

  

	 	(xiii)	 	to make all other determinations deemed necessary or advisable for administering the Plan. 

  

	 	(c)	 	Effect of Administrator’s Decision. The Administrator’s decisions, determinations and interpretations shall be final and binding on all Optionees and any other
holders of Options or Stock Purchase Rights. 

  

	5.	 	Eligibility. Nonstatutory Stock Options and Stock Purchase Rights may be granted to Employees, Directors and Consultants. Incentive Stock Options may be granted only to
Employees. If otherwise eligible, an Employee or Consultant who has been granted an Option or Stock Purchase Right may be granted additional Options or Stock Purchase Rights. 

  

	6.	 	Limitations. 

  

	 	(a)	 	Each Option shall be designated in the Notice of Grant as either an Incentive Stock Option or a Nonstatutory Stock Option. However, notwithstanding such designations, to the extent
that the aggregate Fair Market Value: 

  

	 	(i)	 	of Shares subject to an Optionee’s incentive stock options granted by the Company, any Parent or Subsidiary, which (ii) become exercisable for the first time during any
calendar year (under all plans of the Company or any Parent or Subsidiary) 

  

	 	(ii)	 	exceeds $100,000, such excess Options shall be treated as Nonstatutory Stock Options. For purposes of this Section 6(a), incentive stock options shall be taken into account in
the order in which they were granted, and the Fair Market Value of the Shares shall be determined as of the time of grant. 

  

	 	(b)	 	Neither the Plan nor any Option or Stock Purchase Right shall confer upon an Optionee any right with respect to continuing the Optionee’s employment or consulting relationship
with the Company, nor shall they interfere in any way with the Optionee’s right or the Company’s right to terminate such employment or consulting relationship at any time, with or without cause. 

  

	 	(c)	 	The following limitations shall apply to grants of Options and Stock Purchase Rights to Officers: 

  

	 	(i)	 	no Officer shall be granted in any fiscal year of the Company, Options and Stock Purchase Rights to purchase more than the number of shares issuable under the Plan; and

  

	 	(ii)	 	over the remaining term of the Plan, no Officer shall be granted Options and Stock Purchase Rights to purchase more than the number of shares issuable under the Plan.

  
 The foregoing limitations set forth in this
Section 6(c) are intended to satisfy the requirements applicable to Options and Stock Purchase Rights intended to qualify as “performance-based compensation” (within the meaning of Section 162(m) of the Code). In the event the
Administrator determines that such limitations are not required to qualify Options and Stock Purchase Rights as performance-based compensation, the Administrator may modify or eliminate such limitations. 
  

	7.	 	Term of Plan. The Plan became effective upon its adoption by the Board of Directors on October 28,1993. It shall continue in effect for a term of ten (10) years unless
terminated earlier under Section 15 of the Plan. 

  

	8.	 	Term of Option. The term of each Option shall be stated in the Notice of Grant; provided, however, that the term of an Option shall be ten (10) years from the date of grant
or such shorter term as may be provided in the Notice of Grant. Moreover, in the case of an Incentive Stock Option granted to an Optionee who, at the time the Incentive Stock Option is granted, owns stock representing more than ten percent (10%) of
the voting power of all classes of stock of the Company or any Parent or Subsidiary, the term of the Incentive Stock Option shall be five (5) years from the date of grant or such shorter term as may be provided in the Notice of Grant.

  

	9.	 	Option Exercise Price and Consideration. 

  

	 	(a)	 	Exercise Price. The per share exercise price for the Shares to be issued pursuant to exercise of an Option shall be determined by the Administrator, subject to the following:

	 	(i)	 	In the case of an Incentive Stock Option 

  

	 	(A)	granted to an Employee who, at the time the Incentive Stock Option is granted, owns stock representing more than ten percent (10%) of the voting power of all classes of stock of the
Company or any Parent or Subsidiary, the per Share exercise price shall be no less than 110% of the Fair Market Value per Share on the date of grant. 

  

	 	(B)	granted to any Employee, the per Share exercise price shall be no less than 100% of the Fair Market Value per Share on the date of grant. 

  

	 	(ii)	 	In the case of a Nonstatutory Stock Option 

  

	 	(A)	granted to an Employee, Consultant or Director who, at the time the Nonstatutory Stock Option is granted, owns stock representing more than ten percent (10%) of the voting power of
all classes of stock of the Company or any Parent or Subsidiary, the per Share exercise price shall be no less than 110% of the Fair Market Value per Share on the date of grant. 

  

	 	(B)	granted to any Employee, Consultant or Director, the per Share exercise price shall be no less than 85% of the Fair Market Value per Share on the date of grant.

  

	 	(iii)	 	Notwithstanding the foregoing, Options may be granted with a per Share exercise price of less than 100% of the Fair Market Value on the date of grant pursuant to a merger or other
corporate transaction. 

  

	 	(b)	 	Waiting Period and Exercise Dates. At the time an Option is granted, the Administrator shall fix the period within which the Option may be exercised and shall determine any
conditions which must be satisfied before the Option may be exercised. In so doing, the Administrator may specify that an Option may not be exercised until the completion of a service period. Notwithstanding the foregoing, with the exception of an
Option granted to an Officer, a Director or a Consultant, no Option shall become exercisable at a rate less than twenty percent (20%) per year over a period of five (5) years from the effective date of grant of such Option, subject to the
Optionee’s continued employment or service. 

  

	 	(c)	 	Form of Consideration. The Administrator shall determine the acceptable form of consideration for exercising an Option, including the method of payment. In the case of an
Incentive Stock Option, the Administrator shall determine the acceptable form of consideration at the time of grant. Such consideration may consist entirely of: 

  

	 	(i)	 	cash; 

  

	 	(ii)	 	check; 

  

	 	(iii)	 	promissory note; 

  

	 	(iv)	 	surrender of other Shares which (i) in the case of Shares acquired upon exercise of an option, have been owned by the Optionee for more than six (6) months on the date of surrender,
and (ii) have a Fair Market Value on the date of surrender equal to the aggregate Exercise Price of the Exercised Shares; or 

  

	 	(v)	 	delivery of Optionee’s promissory note (the “Note”) in the form attached hereto as Exhibit C, in the amount of the aggregate Exercise Price of the Exercised Shares
together with the execution and delivery by the Optionee of the Security Agreement attached hereto as Exhibit B. The Note shall bear interest at a rate no less than the “applicable federal rate” prescribed under the Code and its
regulations at time of purchase, and shall be secured by a pledge of the Shares purchased by the Note pursuant to the Security Agreement; 

  

	 	(vi)	 	consideration to be received by the Company under a cashless exercise program implemented by the Company in connection with the Plan; 

  

	 	(iv)	 	any combination of the foregoing methods of payment; or 

  

	 	(v)	 	such other consideration and method of payment for the issuance of Shares to the extent permitted by Applicable Laws. 

  

	10.	 	Exercise of Option. 

	 	(a)	 	Procedure for Exercise; Rights as a Shareholder. Any Option granted hereunder shall be exercisable according to the terms of the Plan and at such times and under such
conditions as determined by the Administrator and set forth in the Option Agreement. 

  
 An Option may not be exercised for a fraction of a Share. 
  
 An Option shall be deemed exercised when the Company receives: (i) written notice of exercise (in accordance with the Option Agreement) from the person
entitled to exercise the Option, and (ii) full payment for the Shares with respect to which the Option is exercised. Full payment may consist of any consideration and method of payment authorized by the Administrator and permitted by the Option
Agreement and the Plan. Shares issued upon exercise of an Option shall be issued in the name of the Optionee or, if requested by the Optionee, in the name of the Optionee and his or her spouse. Until the stock certificate evidencing such Shares is
issued (as evidenced by the appropriate entry on the books of the Company or of a duly authorized transfer agent of the Company), no right to vote or receive dividends or any other rights as a shareholder shall exist with respect to the Optioned
Stock, notwithstanding the exercise of the Option. The Company shall issue (or cause to be issued) such stock certificate promptly after the Option is exercised. No adjustment will be made for a dividend or other right for which the record date is
prior to the date the stock certificate is issued, except as provided in Section 13 of the Plan. 
  
 Exercising an Option in any manner shall decrease the number of Shares thereafter available, both for purposes of the Plan and for sale under the Option,
by the number of Shares as to which the Option is exercised. 
  

	 	(b)	 	Termination of Employment or Consulting Relationship. In the event that an Optionee’s Continuous Status as an Employee or Consultant terminates (but not in the event of
a change of status from Employee to Consultant (in which case an Employee’s Incentive Stock Option shall automatically convert to a Nonstatutory Stock Option on the ninety-first (91st) day following such change of status) or from Consultant to
Employee), other than upon the Optionee’s death or Disability, the Optionee may exercise his or her Option, for at least thirty (30) days from the date of termination (or such longer period of time as is determined by the Administrator) and
only to the extent that the Optionee was entitled to exercise it at the date of termination (but in no event later than the expiration of the term of such Option as set forth in the Notice of Grant). In the case of an Incentive Stock Option, the
Administrator shall determine such period of time (in no event to exceed three (3) months from the date of termination) when the Option is granted. If, at the date of termination, the Optionee is not entitled to exercise his or her entire Option,
the Shares covered by the unexercisable portion of the Option shall revert to the Plan. If, after termination, the Optionee does not exercise his or her Option within the time specified by the Administrator, the Option shall terminate, and the
Shares covered by such Option shall revert to the Plan. 

  

	 	(c)	 	Disability of Optionee. Notwithstanding the provisions of Section 10(b) above, in the event of termination of an Optionee’s Continuous Status as an Employee or
Consultant as a result of his Disability, Optionee may, but only within such period of time as is determined by the Administrator, of at least six (6) months (with such period of time in the case of an Incentive Stock Option not exceeding twelve
(12) months) from the date of such termination (but in no event later than the expiration date of the term of such Option as set forth in the Option Agreement), exercise the Option to the extent otherwise entitled to exercise it at the date of such
termination. To the extent that Optionee was not entitled to exercise the Option at the date of termination, or if Optionee does not exercise such Option to the extent so entitled within the time specified herein, the Option shall terminate.

  

	 	(d)	 	Death of Optionee. In the event of the death of an Optionee: 

  

	 	(i)	 	during the term of the Option who is at the time of his or her death an Employee or Consultant of the Company and who shall have been in Continuous Status as an Employee or
Consultant since the date of grant of the Option, the Option may be exercised by the Optionee’s estate or by a person who acquired the right to exercise the Option by bequest or inheritance until the term of the option, or such shorter period
as is set forth in the option agreement, expires, and the Option shall be treated for exercise purposes as if the Optionee had continued living and had remained in Continuous Status as an Employee or Consultant for six (6) months after the date of
death; or 

  

	 	(ii)	 	 after the termination of an Optionee’s Continuous Status as an Employee or Consultant, the Option may be exercised by the Optionee’s estate or by a person
who acquired the right to exercise the Option by 

 
bequest or inheritance until the term of the option, or such shorter period as is set forth in the option agreement, expires, and the Option shall be treated
for exercise purposes as if the Optionee had continued living and had remained in Continuous Status as an Employee or Consultant through the date of Optionee’s death; and 
  

	 	(iii)	 	if an Option is not exercised within the time specified herein, the Option shall terminate. 

  

	 	(e)	 	Buyout Provisions. The Administrator may at any time offer to buy out for a payment in cash or Shares, an Option previously granted, based on such terms and conditions as the
Administrator shall establish and communicate to the Optionee at the time that such offer is made. 

  

	11.	 	Stock Purchase Rights. 

  

	 	(a)	 	Rights to Purchase. Stock Purchase Rights may be issued either alone, in addition to, or in tandem with other awards granted under the Plan and/or cash awards made outside of
the Plan. After the Administrator determines that it will offer Stock Purchase Rights under the Plan, it shall advise the offeree in writing, by means of a Notice of Grant, of the terms, conditions and restrictions related to the offer, including
the number of Shares that the offeree shall be entitled to purchase, the price to be paid, and the time within which the offeree must accept such offer, which shall in no event exceed six (6) months from the date upon which the Administrator made
the determination to grant the Stock Purchase Right. The offer shall be accepted by execution of a Restricted Stock Purchase Agreement in the form determined by the Administrator. 

  

	 	(b)	 	Purchase Price. The purchase price under each Stock Purchase Right will be established by the Board; provided, however, that (i) that the purchase price per share shall be at
least eighty-five percent (85%) of the Fair Market Value of a share of Common Stock either on the effective date of grant of the Stock Purchase Right or on the date on which the purchase is consummated and (ii) the purchase price per share under a
Stock Purchase Right granted to any person who owns stock representing more than ten percent (10%) of the voting power of all classes of stock of the Company or any Parent or Subsidiary shall be at least 100% of the Fair Market Value of a share of
Common Stock either on the effective date of grant of the Stock Purchase Right or on the date on which the purchase is consummated. 

  

	 	(c)	 	Repurchase Option. Unless the Administrator determines otherwise, the Restricted Stock Purchase Agreement shall grant the Company a repurchase option exercisable upon the
voluntary or involuntary termination of the purchaser’s employment with the Company for any reason (including death or Disability). The purchase price for Shares repurchased pursuant to the Restricted Stock purchase agreement shall be the
original price paid by the purchaser and may be paid by cancellation of any indebtedness of the purchaser to the Company. The repurchase option shall lapse at a rate determined by the Administrator; provided, however, that with the exception of
shares acquired pursuant to a Stock Purchase Right by an Officer, Director, or Consultant, the Company’s repurchase option must lapse at the rate of at least twenty percent (20%) of the shares per year over the period of five (5) years from the
effective date of grant of the Stock Purchase Right (without regard to the date on which Stock Purchase Right was exercised) and the repurchase option must be exercised, if at all, for cash or cancellation of money indebtedness for the shares within
ninety (90) days following termination of employment or service. 

  

	 	(d)	 	Other Provisions. The Restricted Stock Purchase Agreement shall contain such other terms, provisions and conditions not inconsistent with the Plan as may be determined by the
Administrator in its sole discretion. In addition, the provisions of Restricted Stock Purchase Agreements need not be the same with respect to each purchaser. 

  

	 	(e)	 	Rights as a Shareholder. Once the Stock Purchase Right is exercised, the purchaser shall have the rights equivalent to those of a shareholder, and shall be a shareholder when
his or her purchase is entered upon the records of the duly authorized transfer agent of the Company. No adjustment will be made for a dividend or other right for which the record date is prior to the date the Stock Purchase Right is exercised,
except as provided in Section 13 of the Plan. 

  

	12.	 	Non-Transferability of Options and Stock Purchase Rights. An Option or Stock Purchase Right may not be sold, pledged, assigned, hypothecated, transferred, or disposed of in
any manner other 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. 

  

	13.	 	Adjustments Upon Changes in Capitalization, Dissolution, Merger, Asset Sale or Change of Control. 

	 	(a)	 	Changes in Capitalization. Subject to any required action by the shareholders of the Company, the number of shares of Common Stock covered by each outstanding Option and
Stock Purchase Right, and the number of shares of Common Stock which have been authorized for issuance under the Plan but as to which no Options or Stock Purchase Rights have yet been granted or which have been returned to the Plan upon cancellation
or expiration of an Option or Stock Purchase Right, as well as the price per share of Common Stock covered by each such outstanding Option or Stock Purchase Right, shall be proportionately adjusted for any increase or decrease in the number of
issued shares of Common Stock in the event of a stock split, reverse stock split, stock dividend, recapitalization, combination, reclassification or other distribution of the Common Stock without receipt of consideration by the Company; provided,
however, that conversion of any convertible securities of the Company shall not be deemed to have been “effected without receipt of consideration.” Such adjustment shall be made by the Board, whose determination in that respect shall be
final, binding and conclusive. Except as expressly provided herein, no issuance by the Company of shares of stock of any class, or securities convertible into shares of stock of any class, shall affect, and no adjustment by reason thereof shall be
made with respect to, the number or price of shares of Common Stock subject to an Option or Stock Purchase Right. 

  

	 	(b)	 	Dissolution or Liquidation. In the event of the proposed dissolution or liquidation of the Company, to the extent that an Option or Stock Purchase Right has not been
previously exercised, it will terminate immediately prior to the consummation of such proposed action. The Board may, in the exercise of its sole discretion in such instances, declare that any Option or Stock Purchase Right shall terminate as of a
date fixed by the Board and give each Optionee the right to exercise his or her Option or Stock Purchase Right as to all or any part of the Optioned Stock, including Shares as to which the Option or Stock Purchase Right would not otherwise be
exercisable. 

  

	 	(c)	 	Merger or Asset Sale. Subject to the provisions of paragraph (d) hereof, in the event of a merger of the Company with or into another corporation, or the sale of
substantially all of the assets of the Company, each outstanding Option and Stock Purchase Right shall be assumed or an equivalent option or right shall be substituted by the successor corporation or a Parent or Subsidiary of the successor
corporation. In the event that the successor corporation does not agree to assume the Option or Stock Purchase Right or to substitute an equivalent option or right, the Administrator shall, in lieu of such assumption or substitution, provide for the
Optionee to have the right to exercise the Option or Stock Purchase Right as to all or a portion of the Optioned Stock, including Shares as to which it would not otherwise be exercisable. If the Administrator makes an Option or Stock Purchase Right
exercisable in lieu of assumption or substitution in the event of a merger or sale of assets, the Administrator shall notify the Optionee that the Option or Stock Purchase Right shall be fully exercisable for a period of fifteen (15) days from the
date of such notice, and the Option or Stock Purchase Right will terminate upon the expiration of such period. For the purposes of this paragraph, the Option or Stock Purchase Right shall be considered assumed if, following the merger or sale of
assets, the option or right confers the right to purchase, for each Share of Optioned Stock subject to the Option or Stock Purchase Right immediately prior to the merger or sale of assets, the consideration (whether stock, cash, or other securities
or property) received in the merger or sale of assets by holders of Common Stock for each Share held on the effective date of the transaction (and if holders were offered a choice of consideration, the type of consideration chosen by the holders of
a majority of the outstanding Shares); provided, however, that if such consideration received in the merger or sale of assets was not solely common stock of the successor corporation or its Parent, the Administrator may, with the consent of the
successor corporation, provide for the consideration to be received upon the exercise of the Option or Stock Purchase Right, for each Share of Optioned Stock subject to the Option or Stock Purchase Right, to be solely common stock of the successor
corporation or its Parent equal in fair market value to the per share consideration received by holders of Common Stock in the merger or sale of assets. 

  

	 	(d)	 	Change in Control. In the event of a “Change in Control” of the Company, as defined in paragraph (e) below, then the following acceleration and valuation provisions
shall apply: 

  

	 	(i)	 	Except as otherwise determined by the Administrator, in its discretion, prior to or after the occurrence of a Change in Control, any Options and Stock Purchase Rights outstanding on
the date such Change in Control is determined to have occurred that are not yet exercisable and vested on such date shall become fully exercisable and vested; 

  

	 	(ii)	 	 Except as otherwise determined by the Administrator, in its discretion, prior to or after the occurrence of a Change in Control, all outstanding Options and Stock
Purchase Rights, to the extent they are exercisable and vested (including Options and Stock Purchase Rights that shall become exercisable and 

 
vested pursuant to subparagraph (i) above), shall be terminated in exchange for a cash payment equal to the Change in Control Price, (reduced by the exercise
price applicable to such Options or Stock Purchase Rights). These cash proceeds shall be paid to the Optionee or, in the event of death of an Optionee prior to payment, to the estate of the Optionee or to a person who acquired the right to exercise
the Option or Stock Purchase Right by bequest or inheritance. 
  

	 	(e)	 	Definition of “Change in Control”. For purposes of this Section 13, a “Change in Control” means the happening of any of the following:

  

	 	(i)	 	When any “person,” as such term is used in Sections 13(d) and 14(d) of the Exchange Act (other than the Company, a Subsidiary or a Company employee benefit plan, including
any trustee of such plan acting as trustee) is or becomes the “beneficial owner” (as defined in Rule 13d-3 under the Exchange Act), directly or indirectly, of securities of the Company representing more than twenty-five percent (25%) of
the combined voting power of the Company’s then outstanding securities entitled to vote generally in the election of directors; or 

  

	 	(ii)	 	A merger or consolidation of the Company with any other corporation, other than a merger or consolidation which would result in the voting securities of the Company outstanding
immediately prior thereto continuing to represent (either by remaining outstanding or by being converted into voting securities of the surviving entity) at least seventy-five percent (75%) of the total voting power represented by the voting
securities of the Company or such surviving entity outstanding immediately after such merger or consolidation, or the stockholders of the Company approve an agreement for the sale or disposition by the Company of all or substantially all the
Company’s assets; or 

  

	 	(iii)	 	A change in the composition of the Board of Directors of the Company occurring within a two-year period, as a result of which fewer than a majority of the directors are Incumbent
Directors. “Incumbent Directors” shall mean directors who either (A) are directors of the Company as of the date the Plan is approved by the stockholders, or (B) are elected, or nominated for election, to the Board of Directors of the
Company with the affirmative votes of at least a majority of the Incumbent Directors at the time of such election or nomination (but shall not include an individual whose election or nomination is in connection with an actual or threatened proxy
contest relating to the election of directors to the Company). 

  

	 	(f)	 	Change in Control Price. For purposes of this Section 13, “Change in Control Price” shall be, as determined by the Board, (i) the highest Fair Market Value of a
Share within the 60 day period immediately preceding the date of determination of the Change in Control Price by the Board (the “60-Day Period”), or (ii) the highest price paid or offered per Share, as determined by the Board, in any bona
fide transaction or bona fide offer related to the Change in Control of the Company, at any time within the 60-Day Period, or (iii) some lower price as the Board, in its discretion, determines to be a reasonable estimate of the fair market value of
a Share. 

  

	14.	 	Date of Grant. The date of grant of an Option or Stock Purchase Right shall be, for all purposes, the date on which the Administrator makes the determination granting such
Option or Stock Purchase Right, or such other later date as is determined by the Administrator. Notice of the determination shall be provided to each Optionee within a reasonable time after the date of such grant. 

  

	15.	 	Amendment and Termination of the Plan. 

  

	 	(a)	 	Amendment and Termination. The Board may at any time amend, alter, suspend or terminate the Plan. 

  

	 	(b)	 	Shareholder Approval. The Company shall obtain shareholder approval of any Plan amendment to the extent necessary and desirable to comply with Rule 16b-3 or with Section 422
of the Code (or any successor rule or statute or other applicable law, rule or regulation, including the requirements of any exchange or quotation system on which the Common Stock is listed or quoted). Such shareholder approval, if required, shall
be obtained in such a manner and to such a degree as is required by the applicable law, rule or regulation. 

  
 Any increase in the maximum aggregate number of shares of Common Stock issuable hereunder as provided in Section 3 (the “Authorized
Shares”) shall be approved by the majority of the outstanding securities of the Company entitled to vote within twelve (12) months before or after the date of adoption thereof by the Board. Options or Stock Purchase Rights granted prior to
shareholder approval of the Plan or in excess of the Authorized Shares previously approved by the shareholders shall become exercisable no 

 
earlier than the date of shareholder approval of the Plan or such increase in the Authorized Shares, as the case may be. 
  

	 	(c)	 	Effect of Amendment or Termination. No amendment, alteration, suspension or termination of the Plan shall impair the rights of any Optionee, unless mutually agreed otherwise
between the Optionee and the Administrator, which agreement must be in writing and signed by the Optionee and the Company. 

  

	16.	 	Conditions Upon Issuance of Shares. 

  

	 	(a)	 	Legal Compliance. Shares shall not be issued pursuant to the exercise of an Option or Stock Purchase Right unless the exercise of such Option or Stock Purchase Right and the
issuance and delivery of such Shares shall comply with all relevant provisions of law, including, without limitation, the Securities Act of 1933, as amended, the Exchange Act, the rules and regulations promulgated thereunder, Applicable Laws, and
the requirements of any stock exchange or quotation system upon which the Shares may then be listed or quoted, and shall be further subject to the approval of counsel for the Company with respect to such compliance. 

  

	 	(b)	 	Investment Representations. As a condition to the exercise of an Option or Stock Purchase Right, the Company may require the person exercising such Option or Stock Purchase
Right to represent and warrant at the time of any such exercise that the Shares are being purchased only for investment 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. 

  

	17.	 	Liability of Company. 

  

	 	(a)	 	Inability to Obtain Authority. The inability of the Company to obtain authority from any regulatory body having jurisdiction, which authority is deemed by the Company’s
counsel to be necessary to the lawful issuance and sale of any Shares hereunder, shall relieve the Company of any liability in respect of the failure to issue or sell such Shares as to which such requisite authority shall not have been obtained.

  

	 	(b)	 	Grants Exceeding Allotted Shares. If the Optioned Stock covered by an Option or Stock Purchase Right exceeds, as of the date of grant, the number of Shares which may be
issued under the Plan without additional shareholder approval, such Option or Stock Purchase Right shall be void with respect to such excess Optioned Stock, unless shareholder approval of an amendment sufficiently increasing the number of Shares
subject to the Plan is timely obtained in accordance with Section 15(b) of the Plan. 

  

	18.	 	Reservation of Shares. The Company, during the term of this Plan, will at all times reserve and keep available such number of Shares as shall be sufficient to satisfy the
requirements of the Plan. 

  

	19.	 	Shareholder Approval. Continuance of the Plan shall be subject to approval by the shareholders of the Company within twelve (12) months before or after the date the Plan is
adopted. Such shareholder approval shall be obtained in the manner and to the degree required under applicable federal and state law. 

  

	20.	 	Provision of Information. At least annually, copies of the Company’s balance sheet and income statement for the just completed fiscal year shall be made available to
each Optionee and purchaser of shares of Common Stock upon the exercise of an Option or Stock Purchase Right. The Company shall not be required to provide such information to key employees whose duties in connection with the Company assure them
access to equivalent information.

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00076-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00076-of-00352.parquet"}]]