Document:

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                         10.2 FORM OF AWARD AGREEMENTS

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                                     FORM OF
                               HEALTHEXTRAS, INC.
                            2006 STOCK INCENTIVE PLAN

                        RESTRICTED STOCK AWARD AGREEMENT

     THIS AGREEMENT (together with Schedule A, attached hereto, the
"Agreement"), made the __________ day of _______________, 2006 (as defined
below, the "Grant Date"), between HEALTHEXTRAS, INC. a Delaware corporation (the
"Corporation"), and _______________, an Employee of, or individual in service
to, the Corporation or an Affiliate (the "Participant");

                                R E C I T A L S:

     In furtherance of the purposes of the HealthExtras, Inc. 2006 Stock
Incentive Plan, as it may be hereafter amended (the "Plan"), the Corporation and
the Participant hereby agree as follows:

1. INCORPORATION OF PLAN. The rights and duties of the Corporation and the
   Participant under this Agreement shall in all respects be subject to and
   governed by the provisions of the Plan, the terms of which are incorporated
   herein by reference. In the event of any conflict between the provisions in
   the Agreement and those of the Plan, the provisions of the Plan shall
   govern. Unless otherwise defined herein, capitalized terms in this Agreement
   shall have the same definitions as set forth with the Plan.

2. TERMS OF AWARD.  The following terms used in this Agreement shall have the
   meanings set forth in this Section 2:

      (a)   The "Participant" is
                                  ---------------------------------.

      (b)   The "Grant Date" is
                                  ----------------------------------.

      (c)   The "Restriction  Period" is the period beginning on the Grant Date
            and ending on such date or dates and satisfaction of such conditions
            as described in Schedule A, which is attached hereto and expressly
            made a part of this Agreement.

      (d)   The number of shares of Common Stock subject to the Restricted Stock
            Award  granted  under this  Agreement  shall be       shares (the
                                                           ------ "Shares").

3. GRANT OF RESTRICTED STOCK AWARD. Subject to the terms of this Agreement and
   the Plan, the Corporation hereby grants the Participant a Restricted Stock
   Award (the "Award") for that number of Shares of Common Stock as is set
   forth in Section 2.

4. VESTING AND EARNING OF AWARD.

    (a)   Subject to the terms of the Plan,  the Award shall be deemed  vested
          and  earned  upon  such date or dates,  and subject to such
          conditions,  as are  described  in this  Agreement, including  but
          not  limited  to the terms of  Schedule  A,  attached hereto.

    (b)   The  Administrator  has sole  authority to determine  whether and to
          what  degree the Award has vested and been earned and is payable and
          to interpret  the terms and  conditions  of this  Agreement  and the
          Plan.
<PAGE>

5. FORFEITURE OF AWARD.  Except as may be  otherwise  provided  in the
   Plan, in the event that the employment or service of the Participant
   is terminated for any reason and the  Participant has not yet earned
   all or part of the  Award  pursuant  to  Section  4 and  Schedule  A
   herein,  then  the  Award,  to  the  extent  not  earned  as of  the
   Participant's  Termination Date, shall be forfeited immediately upon
   such  termination,  and the Participant shall have no further rights
   with respect to the Award or the Shares  underlying  that portion of
   the Award that has not yet been earned and vested.  The  Participant
   expressly acknowledges and agrees that the termination of his or her
   employment  or service  shall result in  forfeiture of the Award and
   the Shares to the extent the Award has not been earned and vested as
   of his or her Termination Date.

6. SETTLEMENT  OF AWARD.  The Award shall be payable in whole shares of
   Common Stock.

7. NO RIGHT OF EMPLOYMENT OR SERVICE; FORFEITURE OF AWARD. Neither the Plan,
   this Agreement nor any other action related to the Plan shall confer upon the
   Participant any right to continue in the employment or service of the
   Corporation or an Affiliate or interfere with the right of the Corporation
   or an Affiliate to terminate the Participant's employment or service at any
   time.  Except as otherwise expressly provided in the Plan or this Agreement
   or as determined by the Administrator, all rights of the Participant with
   respect to the Award shall terminate upon termination of the employment of
   the Participant with the Corporation or an Affiliate.

8. NONTRANSFERABILITY OF AWARD AND SHARES. The Award shall not be transferable
  (including by sale, assignment, pledge or hypothecation) other than by will
  or the laws of intestate succession.  The designation of a beneficiary does
  not constitute a transfer.  The Participant shall not sell, transfer, assign,
  pledge or  otherwise  encumber the Shares  subject to the Award  (except as
  provided  in  Section 12 herein)  until the  Restriction  Period has
  expired and all conditions to vesting and transfer have been met.

9.  SUPERSEDING AGREEMENT; BINDING EFFECT. This Agreement supersedes any
    statements, representations or agreements of the Corporation with respect
    to the grant of the Award or any related rights, and the Participant hereby
    waives any rights or claims related to any such statements, representations
    or agreements.  This Agreement does not supersede or amend any existing
    confidentiality agreement, nonsolicitation agreement, noncompetition
    agreement, employment agreement or any other similar agreement between the
    Participant and the Corporation, including, but not limited to, any
    restrictive covenants contained in such agreements. This Agreement shall be
    binding upon and shall inure to the benefit of the parties hereto and their
    respective executors, administrators, next-of-kin, successors and assigns.

10. GOVERNING LAW.  Except as otherwise  provided in the Plan or herein,
    this Agreement shall be construed and enforced according to the laws
    of the State of  Delaware,  without  regard to the  conflict of laws
    provisions of any state,  and in accordance with applicable  federal
    laws of the United States.

11. AMENDMENT AND TERMINATION; WAIVER. Subject to the terms of the Plan,
    this Agreement may be modified or amended only by the written agreement of
    the parties hereto. The waiver by the Corporation of a breach of any
    provision of the Agreement by the Participant shall not operate or be
    construed as a waiver of any subsequent breach by the Participant. Notwith-
    standing the foregoing, the Administrator shall have unilateral authority
    to amend the Plan and this Agreement (without Participant consent) to the
    extent necessary to comply with applicable law or changes to applicable
    law (including but in no way limited to Code Section 409A, Code Section 422
    and federal securities laws).

<PAGE>

      12. RIGHTS AS  STOCKHOLDER.  As of the Grant Date, the  Participant  shall
have the right to vote the  Shares  subject  to the Award or, if the  Shares are
held in trust,  direct the trustee to vote the Shares.  The Participant shall be
entitled  to  all  dividends  paid  on the  Shares  as of the  Grant  Date.  The
Administrator  (in its sole  discretion) will decide when the dividends (if any)
are distributed.  Participants  will receive  certificates for Shares as soon as
practicable after the end of the Restriction Period.

13.   WITHHOLDING; TAX MATTERS.

      (a)   The Participant  acknowledges  that if he or she is an employee, the
            Corporation  shall require the Participant to pay the Corporation in
            cash  the  amount  of  any  tax  or  other  amount  required  by any
            governmental   authority  to  be  withheld  and  paid  over  by  the
            Corporation  to such  authority for the account of the  Participant,
            and the Participant agrees, as a condition to the grant of the Award
            and  delivery of the Shares or any other  benefit,  to satisfy  such
            obligations.  Notwithstanding  the foregoing,  the  Corporation  may
            establish  procedures  to permit the  Participant  to  satisfy  such
            obligations  in  whole  or in  part,  and any  other  local,  state,
            federal,  foreign or other  income tax  obligations  relating to the
            Award, by electing (the "election") to have the Corporation withhold
            shares of Common Stock from the Shares to which the  Participant  is
            entitled.  The  number of Shares to be  withheld  shall  have a Fair
            Market Value as of the date that the amount of tax to be withheld is
            determined  as nearly equal as possible to (but not  exceeding)  the
            amount of such obligations  being  satisfied.  Each election must be
            made in writing to the  Administrator  in  accordance  with election
            procedures established by the Administrator.

      (b)   The  Participant  acknowledges  that the  Corporation  has made no
            warranties or  representations  to the Participant with respect to
            the tax  consequences  (including,  but not limited to, income tax
            consequences)  related to the  transactions  contemplated  by this
            Agreement,  and the  Participant  is in no manner  relying  on the
            Corporation or its  representatives  for an assessment of such tax
            consequences.  The  Participant  acknowledges  that  there  may be
            adverse tax  consequences  upon  acquisition or disposition of the
            Shares  subject  to the  Award  and  that the  Participant  should
            consult a tax advisor prior to such exercise or  disposition.  The
            Participant  acknowledges  that he or she has been advised that he
            or she should  consult with his own attorney,  accountant,  and/or
            tax advisor  regarding  the decision to enter into this  Agreement
            and the consequences  thereof.  The Participant also  acknowledges
            that the  Corporation  has no  responsibility  to take or  refrain
            from  taking any  actions in order to achieve a certain tax result
            for the Participant.

     14. ADMINISTRATION. The authority to construe and interpret this Agreement
and the Plan, and to administer all aspects of the Plan, shall be vested in the
Administrator, and the Administrator shall have all powers with respect to this
Agreement as are provided in the Plan. Any interpretation of the Agreement by
the Administrator and any decision made by it with respect to the Agreement is
final and binding.

     15. NOTICES. Except as may be otherwise provided by the Plan or determined
by the Administrator, any written notices provided for in this Agreement or the
Plan shall be in writing and shall be deemed sufficiently given if either hand
delivered or if sent by fax or overnight courier, or by postage paid first class
mail. Notices sent by mail shall be deemed received three business days after
mailed but in no event later than the date of actual receipt. Notices shall be
directed, if to the Participant, at the Participant's address indicated by the
Corporation's records (or at such other address as may be designated by the
Participant in a manner acceptable to the Administrator), or if to the
Corporation, at the Corporation's principal office, attention _________________,
HealthExtras, Inc.  Notice may also be provided by electronic submission, if and
to the extent permitted by the Administrator.

<PAGE>

     16. SEVERABILITY. The provisions of this Agreement are severable and if any
one or more provisions may be determined to be illegal or otherwise
unenforceable, in whole or in part, the remaining provisions shall nevertheless
be binding and enforceable.

     17. RESTRICTIONS ON AWARD AND SHARES. The Corporation may impose such
restrictions on the Award and the Shares or other benefits underlying the Award
as it may deem advisable, including without limitation restrictions under the
federal securities laws, the requirements of any stock exchange or similar
organization and any blue sky, state or foreign securities laws applicable to
such Award or Shares. Notwithstanding any other provision in the Plan or the
Agreement to the contrary, the Corporation shall not be obligated to issue,
deliver or transfer shares of Common Stock, to make any other distribution of
benefits, or to take any other action, unless such delivery, distribution or
action is in compliance with all applicable laws, rules and regulations
(including but not limited to the requirements of the Securities Act). The
Corporation may cause a restrictive legend or legends (including but in no way
limited to any legends which may be necessary or appropriate pursuant to Section
12 herein) to be placed on any certificate issued pursuant to the Award in such
form as may be prescribed from time to time by applicable laws and regulations
or as may be advised by legal counsel.

     18. EFFECT OF CHANGES IN STATUS. Unless the Administrator, in its sole
discretion, determines otherwise (or unless required by Code Section 409A), the
Award shall not be affected by any change in the terms, conditions or status of
the Participant's employment or service, provided that the Participant continues
to be in the employ of, or in service to, the Corporation or an Affiliate.
Without limiting the foregoing, the Administrator has sole discretion to
determine, subject to Code Section 409A, at the time of grant of the Award or at
any time thereafter, the effect, if any, on the Award if the Participant's
status as an Employee, Director or Independent Contractor changes, including but
not limited to a change from full-time to part-time, or vice versa, or if other
similar changes in the nature or scope of the Participant's employment or
service occur.

     19. RIGHT OF OFFSET. Notwithstanding any other provision of the Plan or the
Agreement, the Corporation may reduce the amount of any payment otherwise
payable to or on behalf of the Participant by the amount of any obligation of
the Participant to the Corporation that is or becomes due and payable and the
Participant shall be deemed to have consented to such reduction.

     20. COUNTERPARTS; FURTHER INSTRUMENTS. This Agreement may be executed in
two or more counterparts, each of which shall be deemed an original, but all of
which together shall constitute one and the same instrument. The parties hereto
agree to execute such further instruments and to take such further action as may
be reasonably necessary to carry out the purposes and intent of this Agreement.

<PAGE>

      IN WITNESS  WHEREOF,  this  Agreement  has been  executed in behalf of the
Corporation and by the Participant on the day and year first above written.

                                          HEALTHEXTRAS, INC.

                                          By:
                                             ----------------------------------
                                             Chairman of the Board of Directors

ATTEST:

------------------------------------

[Corporate Seal]

                                          PARTICIPANT

                                         --------------------------------------
                                          Printed Name:

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                                 HEALTHEXTRAS, INC.
                            2006 STOCK INCENTIVE PLAN

                        RESTRICTED STOCK AWARD AGREEMENT

                                   SCHEDULE A

                                SERVICE MEASURES

GRANT DATE:                         --------------------
                                                         , 2006

NUMBER OF SHARES SUBJECT TO AWARD:  ---------------------
                                                          shares.

RESTRICTION PERIOD:                 The  Shares  subject  to the  Award  shall
                                    vest and be  earned,  as  provided  below,
                                    subject  to the  terms and  conditions  as
                                    may  be   imposed  by  the  Plan  and  the
                                    Agreement:

DATE OF VESTING               PERCENTAGE OF SHARES VESTED

[Insert Schedule]

<PAGE>

                                     FORM OF
                               HEALTHEXTRAS, INC.
                            2006 STOCK INCENTIVE PLAN

                        INCENTIVE STOCK OPTION AGREEMENT

      THIS   AGREEMENT   (together  with  Schedule  A,  attached   hereto,   the
"Agreement"), effective as of the date specified as the "Grant Date" on Schedule
A attached  hereto,  between  HEALTHEXTRAS,  INC., a Delaware  corporation  (the
"Corporation"),  and the individual identified on Schedule A attached hereto, an
Employee of the Corporation or an Affiliate (the "Participant");

                                R E C I T A L S:
                                ---------------

      In  furtherance  of the  purposes  of the  HealthExtras,  Inc.  2006 Stock
Incentive Plan, as it may be hereafter amended (the "Plan"), the Corporation and
the Participant hereby agree as follows:

      1.    INCORPORATION  OF PLAN. The rights and duties of the Corporation and
            ----------------------
            the  Participant  under  this  Agreement  shall in all  respects  be
            subject to and governed by the  provisions of the Plan, the terms of
            which  are  incorporated  herein by  reference.  In the event of any
            conflict  between the  provisions  in the Agreement and those of the
            Plan,  the  provisions  of the Plan shall govern.  Unless  otherwise
            defined herein,  capitalized  terms in this Agreement shall have the
            same definitions as set forth in the Plan.

      2.    GRANT OF OPTION;  TERM OF OPTION.  The Corporation  hereby grants to
            --------------------------------
            the  Participant  pursuant  to the  Plan,  as a matter  of  separate
            inducement and agreement in connection with his or her employment or
            service to the  Corporation,  and not in lieu of any salary or other
            compensation  for his or her  services,  the right and  Option  (the
            "Option")  to purchase all or any part of such  aggregate  number of
            shares  (the  "Shares")  of  common  stock of the  Corporation  (the
            "Common  Stock")  at  a  purchase  price  (the  "Option  Price")  as
            specified on Schedule A, attached hereto,  and subject to such other
            terms and  conditions  as may be stated  herein or in the Plan or on
            Schedule A. The Participant expressly acknowledges that the terms of
            Schedule  A shall be  incorporated  herein  by  reference  and shall
            constitute  part  of  this   Agreement.   The  Corporation  and  the
            Participant further acknowledge and agree that the signatures of the
            Corporation  and the  Participant  on the Grant Notice  contained in
            Schedule A shall  constitute their acceptance of all of the terms of
            this Agreement and their  agreement to be bound by the terms of this
            Agreement.  The Option (or any portion  thereof) shall be designated
            as an Incentive  Option, as stated on Schedule A. To the extent that
            the Option or any  portion  thereof is  designated  as an  Incentive
            Option and such Option does not qualify as an Incentive Option,  the
            Option or portion thereof shall be treated as a Nonqualified Option.
            Except as  otherwise  provided in the Plan or this  Agreement,  this
            Option will expire if not exercised in full by the  Expiration  Date
            specified on Schedule A.

      3.    EXERCISE  OF  OPTION.  Subject  to the  terms  of the  Plan and this
            --------------------
            Agreement, the Option shall become exercisable on the date or dates,
            and  subject  to such  conditions,  as are set forth on  Schedule  A
            attached  hereto.  To the extent that an Option which is exercisable
            is not exercised, such Option shall accumulate and be exercisable by
            the  Participant in whole or in part at any time prior to expiration
            of the Option,  subject to the terms of the Plan and this Agreement.
            The Participant expressly  acknowledges that the Option may vest and
            be  exercisable  only upon such terms and conditions as are provided
            in this  Agreement  and the Plan.  Upon the exercise of an Option in
            whole or in part and payment of the Option Price in accordance  with
            the  provisions  of the  Plan and this  Agreement,  the  Corporation

<PAGE>

            shall, as soon thereafter as practicable, deliver to the Participant
            a certificate or certificates for the Shares  purchased.  Payment of
            the Option Price may be made (i) in cash or by cash equivalent; and,
            where permitted by applicable law,  payment may also be made (ii) by
            delivery (by either  actual  delivery or  attestation)  of shares of
            Common  Stock  owned by the  Participant  (subject to such terms and
            conditions,  if any,  as may be  determined  by the  Administrator);
            (iii) by shares of Common Stock  withheld  upon exercise but only if
            and to the extent  that  payment by such  method  does not result in
            variable   accounting  or  other  accounting   consequences   deemed
            unacceptable to the Corporation;  (iv) by such other payment methods
            as may be approved  by the  Administrator  and which are  acceptable
            under  applicable  law; or (v) by any  combination  of the foregoing
            methods. Shares delivered or withheld in payment of the Option Price
            shall be valued at their Fair Market  Value on the date of exercise,
            determined in accordance with the terms of the Plan.

      4.    NO RIGHT OF EMPLOYMENT OR SERVICE; FORFEITURE OF OPTION. Neither the
            -------------------------------------------------------
            Plan,  this Agreement nor any other action related to the Plan shall
            confer upon the  Participant any right to continue in the employment
            or service of the  Corporation or an Affiliate or interfere with the
            right  of  the   Corporation   or  an  Affiliate  to  terminate  the
            Participant's employment or service at any time. Except as otherwise
            expressly provided in the Plan or this Agreement or as determined by
            the Administrator, all rights of the Participant with respect to the
            Option shall  terminate  upon  termination  of the employment of the
            Participant with the Corporation or an Affiliate.

      5.    TERMINATION  OF  EMPLOYMENT.  Unless  the  Administrator  determines
            ---------------------------
            otherwise,  the Option shall not be exercised unless the Participant
            is, at the time of  exercise,  an Employee  and has been an Employee
            continuously  since the date the Option was granted,  subject to the
            following:

      (a)   The employment  relationship of the  Participant  shall be treated
            as  continuing  intact for any period that the  Participant  is on
            military  or sick  leave  or other  bona  fide  leave of  absence,
            provided  that the  period of such  leave does not exceed __ days,
            or, if longer, as long as the Participant's  right to reemployment
            is  guaranteed  either by statute or by contract.  The  employment
            relationship  of  the   Participant   shall  also  be  treated  as
            continuing  intact while the  Participant is not in active service
            because  of  Disability.   The   Administrator   shall  have  sole
            authority to determine  whether the  Participant  is disabled and,
            if applicable, the Participant's Termination Date.

      (b)   Unless the  Administrator  determines  otherwise  (subject  to any
            requirements  imposed under Code Section 409A),  if the employment
            of the  Participant is terminated  because of Disability or death,
            the  Option  may be  exercised  only  to  the  extent  vested  and
            exercisable  on the  Participant's  Termination  Date.  The Option
            must be exercised,  if at all,  prior to the first to occur of the
            following,  whichever  shall be  applicable  (X) the  close of the
            period of one year next  succeeding the  Termination  Date; or (Y)
            the close of the Option Period.  In the event of the Participant's
            death,  the Option shall be  exercisable by such person or persons
            as shall have  acquired  the right to exercise  the Option by will
            or by the laws of intestate succession.

      (c)   Unless the  Administrator  determines  otherwise  (subject  to any
            requirements  imposed under Code Section 409A),  if the employment
            of the  Participant  is  terminated  for  any  reason  other  than
            Disability,  death or for Cause,  the Option may be  exercised  to
            the extent vested and exercisable on his or her Termination  Date.
            The Option  must be  exercised,  if at all,  prior to the first to
            occur of the following,  whichever  shall be  applicable:  (X) the
            close  of  the  period  of  three  months  next   succeeding   the
            Termination  Date; or (Y) the close of the Option  period.  If the
            Participant  dies  following  such  termination  of employment and
            prior to the date specified in (X) of this  subparagraph  (c), the
            Participant  shall be treated as having died while  employed under
            subparagraph (b) immediately  preceding (treating for this purpose
            the  Participant's  date  of  termination  of  employment  as  the
            Termination  Date). In the event of the  Participant's  death, the
            Option  shall be  exercisable  by such  person or persons as shall
            have  acquired  the right to exercise the Option by will or by the
            laws of intestate succession.

<PAGE>

      (d)   Unless  the  Administrator  determines  otherwise  (subject  to  any
            requirements  imposed under Code Section 409A), if the employment of
            the Participant is terminated for Cause,  the Option shall lapse and
            no longer  be  exercisable  as of his or her  Termination  Date,  as
            determined by the Administrator.

      6.    NOTICE OF DISPOSITION.  To the extent that this Option is designated
            ---------------------
            as an  Incentive  Option,  if Shares of Common Stock  acquired  upon
            exercise  of the  Option  are  disposed  of  within  two  (2)  years
            following  the date of grant or one (1) year  following the transfer
            of such Shares to the  Participant  upon exercise,  the  Participant
            shall,  promptly following such disposition,  notify the Corporation
            in writing  of the date and terms of such  disposition  and  provide
            such   other   information   regarding   the   disposition   as  the
            Administrator may reasonably require.

      7.    LIMITATION  ON  INCENTIVE  OPTIONS.  In no event  shall  there first
            ----------------------------------
            become  exercisable by the  Participant in any one (1) calendar year
            Incentive  Options  granted  by the  Corporation  or any  Parent  or
            Subsidiary  with respect to shares  having an aggregate  Fair Market
            Value  (determined  at the  time an  Incentive  Option  is  granted)
            greater than $100,000.  To the extent that any Incentive Options are
            first  exercisable by the Participant in excess of such  limitation,
            the excess shall be considered a Nonqualified Option.

      8.    NONTRANSFERABILITY  OF  OPTION.  To the extent  that this  Option is
            ------------------------------
            designated  as  an  Incentive  Option,   the  Option  shall  not  be
            transferable    (including   by   sale,   assignment,    pledge   or
            hypothecation)   other  than  by  will  or  the  laws  or  intestate
            succession, or, in the Administrator's  discretion, as may otherwise
            be permitted in accordance  with Section 422 of the Code and related
            regulations.  To  the  extent  that  this  Option  is  treated  as a
            Nonqualified Option, the Option shall not be transferable (including
            by sale, assignment,  pledge or hypothecation) other than by will or
            the laws of intestate succession,  except as may be permitted by the
            Administrator   in  a  manner   consistent  with  the   registration
            provisions  of  the   Securities   Act  of  1933,  as  amended  (the
            "Securities Act"). Except as may be permitted by the preceding,  the
            Option shall be exercisable  during the Participant's  lifetime only
            by him or her or by his or her guardian or legal representative. The
            designation  of a beneficiary  in accordance  with the Plan does not
            constitute a transfer.

      9.    SUPERSEDING AGREEMENT; BINDING EFFECT. This Agreement supersedes any
            -------------------------------------
            statements,  representations  or agreements of the Corporation  with
            respect to the grant of the Option or any  related  rights,  and the
            Participant  hereby waives any rights or claims  related to any such
            statements,  representations or agreements.  This Agreement does not
            supersede   or  amend  any   existing   confidentiality   agreement,
            nonsolicitation  agreement,   noncompetition  agreement,  employment
            agreement or any other similar agreement between the Participant and
            the  Corporation,  including,  but not limited  to, any  restrictive
            covenants  contained in such  agreements.  This  Agreement  shall be
            binding  upon and shall inure to the  benefit of the parties  hereto
            and their respective executors,  administrators,  heirs,  successors
            and assigns.

      10.   GOVERNING LAW.  Except as otherwise  provided in the Plan or herein,
            -------------
            this Agreement shall be construed and enforced according to the laws
            of the State of  Delaware,  without  regard to the  conflict of laws
            provisions of any state,  and in accordance with applicable  federal
            laws of the United States.

<PAGE>

      11.   AMENDMENT AND TERMINATION; WAIVER. Subject to the terms of the Plan,
            ---------------------------------
            this  Agreement  may be  modified  or  amended  only by the  written
            agreement of the parties hereto.  The waiver by the Corporation of a
            breach of any  provision of the Agreement by the  Participant  shall
            not operate or be construed as a waiver of any subsequent  breach by
            the Participant.  Notwithstanding  the foregoing,  the Administrator
            shall have unilateral authority to amend the Plan and this Agreement
            (without Participant consent) to the extent necessary to comply with
            applicable law or changes to applicable law (including but in no way
            limited  to  Code  Section  409A,   Code  Section  422  and  federal
            securities laws).

      12.   NO  RIGHTS  AS  STOCKHOLDER.  The  Participant  and his or her legal
            ---------------------------
            representatives, legatees and distributees shall not be deemed to be
            the  holder of any  Shares  subject to the Option and shall not have
            any rights of a stockholder  unless and until  certificates for such
            Shares have been issued and delivered to him or her or them.

      13.   WITHHOLDING; TAX MATTERS.
            ------------------------

      (a)   The Participant  acknowledges  that the Corporation  shall require
            the  Participant to pay the  Corporation in cash the amount of any
            tax or other amount required by any  governmental  authority to be
            withheld and paid over by the  Corporation  to such  authority for
            the account of the Participant,  and the Participant  agrees, as a
            condition  to the grant of the Option and  delivery  of the Shares
            or   any   other   benefit,    to   satisfy   such    obligations.
            Notwithstanding  the  foregoing,  the  Corporation  may  establish
            procedures to permit the  Participant to satisfy such  obligations
            in whole or in part, and any other local, state, federal,  foreign
            or  other  income  tax  obligations  relating  to the  Option,  by
            electing (the "election") to have the Corporation  withhold shares
            of  Common  Stock  from the  Shares to which  the  Participant  is
            entitled.  The number of Shares to be  withheld  shall have a Fair
            Market  Value as of the date that the amount of tax to be withheld
            is determined  as nearly equal as possible to (but not  exceeding)
            the amount of such  obligations  being  satisfied.  Each  election
            must be made in writing to the  Administrator  in accordance  with
            election procedures established by the Administrator.

      (b)   The  Participant  acknowledges  that the  Corporation  has made no
            warranties or  representations  to the Participant with respect to
            the tax  consequences  (including,  but not limited to, income tax
            consequences)  related to the  transactions  contemplated  by this
            Agreement,  and the  Participant  is in no manner  relying  on the
            Corporation or its  representatives  for an assessment of such tax
            consequences.  The  Participant  acknowledges  that  there  may be
            adverse tax  consequences  upon  acquisition or disposition of the
            Shares  subject  to the  Option  and that the  Participant  should
            consult a tax advisor prior to such exercise or  disposition.  The
            Participant  acknowledges  that he or she has been advised that he
            or she should  consult with his own attorney,  accountant,  and/or
            tax advisor  regarding  the decision to enter into this  Agreement
            and the consequences  thereof.  The Participant also  acknowledges
            that the  Corporation  has no  responsibility  to take or  refrain
            from  taking any  actions in order to achieve a certain tax result
            for the Participant.

      14.   ADMINISTRATION.   The  authority  to  construe  and  interpret  this
            --------------
            Agreement and the Plan,  and to administer  all aspects of the Plan,
            shall be vested in the  Administrator,  and the Administrator  shall
            have all powers with  respect to this  Agreement  as are provided in
            the Plan. Any  interpretation  of the Agreement by the Administrator
            and any decision  made by it with respect to the  Agreement is final
            and binding.

      15.   NOTICES.  Except  as may  be  otherwise  provided  by  the  Plan  or
            -------
            determined by the Administrator, any written notices provided for in
            this  Agreement  or the Plan shall be in writing and shall be deemed
            sufficiently  given if either  hand  delivered  or if sent by fax or
            overnight courier, or by postage paid first class mail. Notices sent
            by mail shall be deemed  received  three  business days after mailed
            but in no event later than the date of actual receipt. Notices shall

<PAGE>

            be directed,  if to the Participant,  at the  Participant's  address
            indicated on Schedule A (or such other  address as may be designated
            by the Participant in a manner acceptable to the Administrator), or,
            if to  the  Corporation,  at  the  Corporation's  principal  office,
            attention: _____________________________,  HealthExtras, Inc. Notice
            may also be provided by electronic submission,  if and to the extent
            permitted by the Administrator.

      16.   SEVERABILITY.  The provisions of this Agreement are severable and if
            ------------
            any  one or more  provisions  may be  determined  to be  illegal  or
            otherwise  unenforceable,   in  whole  or  in  part,  the  remaining
            provisions shall nevertheless be binding and enforceable.

      17.   RESTRICTIONS  ON OPTION AND SHARES.  The Corporation may impose such
            ----------------------------------
            restrictions  on  the  Option  and  the  Shares  or  other  benefits
            underlying the Option as it may deem  advisable,  including  without
            limitation  restrictions  under the  federal  securities  laws,  the
            requirements of any stock exchange or similar  organization  and any
            blue sky, state or foreign securities laws applicable to such Option
            or Shares.  Notwithstanding  any other  provision in the Plan or the
            Agreement to the contrary, the Corporation shall not be obligated to
            issue, deliver or transfer shares of Common Stock, to make any other
            distribution of benefits,  or to take any other action,  unless such
            delivery,   distribution   or  action  is  in  compliance  with  all
            applicable laws, rules and regulations (including but not limited to
            the requirements of the Securities Act). The Corporation may cause a
            restrictive legend to be placed on any certificate for Shares issued
            pursuant  to the  exercise  of the  Option  in  such  form as may be
            prescribed  from time to time by applicable  laws and regulations or
            as may be advised by legal counsel.

      18.   EFFECT OF CHANGES IN STATUS.  Unless the Administrator,  in its sole
            ---------------------------
            discretion, determines otherwise (or unless required by Code Section
            409A),  the Option shall not be affected by any change in the terms,
            conditions or status of the Participant's employment,  provided that
            the Participant  continues to be in the employ of the Corporation or
            an Affiliate.  Without limiting the foregoing, the Administrator has
            sole  discretion to determine,  subject to Code Section 409A, at the
            time of grant of the Option or at any time  thereafter,  the effect,
            if any,  on the Option if the  Participant's  status as an  Employee
            changes,  including  but not limited to a change from  full-time  to
            part-time,  or vice versa, or if other similar changes in the nature
            or scope of the Participant's employment occur.

      19.   RIGHT OF OFFSET.  Notwithstanding any other provision of the Plan or
            ---------------
            the Agreement,  the Corporation may reduce the amount of any payment
            otherwise  payable to or on behalf of the  Participant by the amount
            of any obligation of the Participant to the  Corporation  that is or
            becomes due and payable and the Participant  shall be deemed to have
            consented to such reduction.

      20.   COUNTERPARTS; FURTHER INSTRUMENTS. This Agreement may be executed in
            ---------------------------------
            two or more counterparts, each of which shall be deemed an original,
            but  all of  which  together  shall  constitute  one  and  the  same
            instrument.  The  parties  hereto  agree  to  execute  such  further
            instruments  and to take such  further  action as may be  reasonably
            necessary to carry out the purposes and intent of this Agreement.

               [SIGNATURES OF THE CORPORATION AND THE PARTICIPANT
                       FOLLOW ON SCHEDULE A/GRANT NOTICE.]

<PAGE>

                                     FORM OF
                               HEALTHEXTRAS, INC.
                            2006 STOCK INCENTIVE PLAN

                        INCENTIVE STOCK OPTION AGREEMENT

                             SCHEDULE A/GRANT NOTICE
                             -----------------------

      1. Pursuant to the terms and  conditions of the  Corporation's  2006 Stock
Incentive Plan (the "Plan"), you (the "Participant") have been granted an option
(the "Option") to purchase ________ shares (the "Shares") of our Common Stock as
outlined below.

   Name of Participant:
                                       -----------------------------------------
   Address:
                                       -----------------------------------------

   Grant Date:
                                       -----------------------------------------
   Number of Shares Subject to Option:
                                       -----------------------------------------
   Option Price:
                                       -----------------------------------------
   Type of Option:
                                       -----------------------------------------
   Expiration Date (Last Day of Option Period):
                                       -----------------------------------------
   Vesting Schedule/Conditions:
                                       -----------------------------------------

      2. By my signature below, I, the Participant,  hereby acknowledge  receipt
of this Grant Notice and the Option Agreement (the "Agreement") dated __________
___, 200__,  between the Participant and HealthExtras,  Inc. (the "Corporation")
which is attached to this Grant Notice.  I understand  that the Grant Notice and
other  provisions of Schedule A herein are  incorporated  by reference  into the
Agreement  and  constitute a part of the  Agreement.  By my signature  below,  I
further agree to be bound by the terms of the Plan and the Agreement,  including
but not limited to the terms of this Grant  Notice and the other  provisions  of
Schedule A contained  herein.  The  Corporation  reserves the right to treat the
Option and the Agreement as cancelled,  void and of no effect if the Participant
fails to return a signed copy of the Grant  Notice  within 30 days of grant date
stated above.

Signature:                                      Date:
          --------------------------------           -------------------------

                                                Agreed to by:

                                                HEALTHEXTRAS, INC.

                                                By:
                                                   ---------------------------

<PAGE>

Attest:

-----------------------------------------

Note: If there are any discrepancies in the name or address shown above,  please
make the  appropriate  corrections  on this  form.  Please  retain a copy of the
Agreement, including this Grant Notice, for your files.

<PAGE>

                                     FORM OF
                               HEALTHEXTRAS, INC.
                            2006 STOCK INCENTIVE PLAN

                       Nonqualified Stock Option Agreement

      THIS   AGREEMENT   (together  with  Schedule  A,  attached   hereto,   the
"Agreement"), effective as of the date specified as the "Grant Date" on Schedule
A attached  hereto,  between  HEALTHEXTRAS,  INC., a Delaware  corporation  (the
"Corporation"),  and the individual identified on Schedule A attached hereto, an
Employee of the Corporation or an Affiliate (the "Participant");

                                R E C I T A L S:
                                ---------------

      In  furtherance  of the  purposes  of the  HealthExtras,  Inc.  2006 Stock
Incentive Plan, as it may be hereafter amended (the "Plan"), the Corporation and
the Participant hereby agree as follows:

      1.    Incorporation  of Plan. The rights and duties of the Corporation and
            ----------------------
            the  Participant  under  this  Agreement  shall in all  respects  be
            subject to and governed by the  provisions of the Plan, the terms of
            which  are  incorporated  herein by  reference.  In the event of any
            conflict  between the  provisions  in the Agreement and those of the
            Plan,  the  provisions  of the Plan shall govern.  Unless  otherwise
            defined herein,  capitalized  terms in this Agreement shall have the
            same definitions as set forth in the Plan.

      2.    Grant of Option;  Term of Option.  The Corporation  hereby grants to
            --------------------------------
            the  Participant  pursuant  to the  Plan,  as a matter  of  separate
            inducement and agreement in connection with his or her employment or
            service to the  Corporation,  and not in lieu of any salary or other
            compensation  for his or her  services,  the right and  Option  (the
            "Option")  to purchase all or any part of such  aggregate  number of
            shares  (the  "Shares")  of  common  stock of the  Corporation  (the
            "Common  Stock")  at  a  purchase  price  (the  "Option  Price")  as
            specified on Schedule A, attached hereto,  and subject to such other
            terms and  conditions  as may be stated  herein or in the Plan or on
            Schedule A. The Participant expressly acknowledges that the terms of
            Schedule  A shall be  incorporated  herein  by  reference  and shall
            constitute  part  of  this   Agreement.   The  Corporation  and  the
            Participant further acknowledge and agree that the signatures of the
            Corporation  and the  Participant  on the Grant Notice  contained in
            Schedule A shall  constitute their acceptance of all of the terms of
            this Agreement and their  agreement to be bound by the terms of this
            Agreement.  The Option (or any portion  thereof) shall be designated
            as a  Nonqualified  Option,  as  stated  on  Schedule  A.  Except as
            otherwise  provided in the Plan or this Agreement,  this Option will
            expire if not exercised in full by the Expiration  Date specified on
            Schedule A.

      3.    Exercise  of  Option.  Subject  to the  terms  of the  Plan and this
            --------------------
            Agreement, the Option shall become exercisable on the date or dates,
            and  subject  to such  conditions,  as are set forth on  Schedule  A
            attached  hereto.  To the extent that an Option which is exercisable
            is not exercised, such Option shall accumulate and be exercisable by
            the  Participant in whole or in part at any time prior to expiration
            of the Option,  subject to the terms of the Plan and this Agreement.
            The Participant expressly  acknowledges that the Option may vest and
            be  exercisable  only upon such terms and conditions as are provided
            in this  Agreement  and the Plan.  Upon the exercise of an Option in
            whole or in part and payment of the Option Price in accordance  with
            the  provisions  of the  Plan and this  Agreement,  the  Corporation
            shall, as soon thereafter as practicable, deliver to the Participant
            a certificate or certificates for the Shares  purchased.  Payment of

<PAGE>

            the Option Price may be made (i) in cash or by cash equivalent; and,
            where permitted by applicable law,  payment may also be made (ii) by
            delivery (by either  actual  delivery or  attestation)  of shares of
            Common  Stock  owned by the  Participant  (subject to such terms and
            conditions,  if any,  as may be  determined  by the  Administrator);
            (iii) by shares of Common Stock  withheld  upon exercise but only if
            and to the extent  that  payment by such  method  does not result in
            variable   accounting  or  other  accounting   consequences   deemed
            unacceptable to the Corporation;  (iv) by such other payment methods
            as may be approved  by the  Administrator  and which are  acceptable
            under  applicable  law; or (v) by any  combination  of the foregoing
            methods. Shares delivered or withheld in payment of the Option Price
            shall be valued at their Fair Market  Value on the date of exercise,
            determined in accordance with the terms of the Plan.

      4.    No Right of Employment or Service; Forfeiture of Option. Neither the
            -------------------------------------------------------
            Plan,  this Agreement nor any other action related to the Plan shall
            confer upon the  Participant any right to continue in the employment
            or service of the  Corporation or an Affiliate or interfere with the
            right  of  the   Corporation   or  an  Affiliate  to  terminate  the
            Participant's employment or service at any time. Except as otherwise
            expressly provided in the Plan or this Agreement or as determined by
            the Administrator, all rights of the Participant with respect to the
            Option shall  terminate  upon  termination  of the employment of the
            Participant with the Corporation or an Affiliate.

      5.    Termination  of  Service.   Unless  the   Administrator   determines
            ------------------------
            otherwise,  the Option shall not be exercised unless the Participant
            is, at the time of exercise, in service with the Corporation and has
            been in service with the Corporation continuously since the date the
            Option was granted, subject to the following:

      (a)   Unless the  Administrator  determines  otherwise  (subject  to any
            requirements   imposed   under   Code   Section   409A),   if  the
            Participant's  service  is  terminated  because of  Disability  or
            death,  the Option may be exercised  only to the extent vested and
            exercisable  on the  Participant's  Termination  Date.  The Option
            must be exercised,  if at all,  prior to the first to occur of the
            following,  whichever  shall be  applicable  (X) the  close of the
            period of one year next  succeeding the  Termination  Date; or (Y)
            the close of the Option Period.  In the event of the Participant's
            death,  the Option shall be  exercisable by such person or persons
            as shall have  acquired  the right to exercise  the Option by will
            or by the laws of intestate succession.

      (b)   Unless the  Administrator  determines  otherwise  (subject  to any
            requirements   imposed   under   Code   Section   409A),   if  the
            Participant's  service is  terminated  for any  reason  other than
            Disability,  death or for Cause,  the Option may be  exercised  to
            the extent vested and exercisable on his or her Termination  Date.
            The Option  must be  exercised,  if at all,  prior to the first to
            occur of the following,  whichever  shall be  applicable:  (X) the
            close  of  the  period  of  three  months  next   succeeding   the
            Termination  Date; or (Y) the close of the Option  period.  If the
            Participant  dies following such  termination of service and prior
            to the  date  specified  in  (X) of  this  subparagraph  (b),  the
            Participant  shall be treated as having died while  employed under
            subparagraph (a) immediately  preceding (treating for this purpose
            the   Participant's   date  of   termination  of  service  as  the
            Termination  Date). In the event of the  Participant's  death, the
            Option  shall be  exercisable  by such  person or persons as shall
            have  acquired  the right to exercise the Option by will or by the
            laws of intestate succession.

      (c)   Unless  the  Administrator  determines  otherwise  (subject  to  any
            requirements  imposed under Code Section 409A), if the Participant's
            service is  terminated  for Cause,  the  Option  shall  lapse and no
            longer  be  exercisable  as of  his  or  her  Termination  Date,  as
            determined by the Administrator.

      6.    Nontransferability  of Option.  The Option shall not be transferable
            -----------------------------
            (including by sale, assignment,  pledge or hypothecation) other than
            by  will or the  laws  of  intestate  succession,  except  as may be
            permitted  by the  Administrator  in a  manner  consistent  with the
            registration  provisions of the  Securities  Act of 1933, as amended

<PAGE>

            (the "Securities Act").  Except as may be permitted by the preceding
            sentence,  the Option shall be exercisable  during the Participant's
            lifetime  only  by him or her  or by his or her  guardian  or  legal
            representative.  The designation of a beneficiary in accordance with
            the Plan does not constitute a transfer.

      7.    Superseding Agreement; Binding Effect. This Agreement supersedes any
            -------------------------------------
            statements,  representations  or agreements of the Corporation  with
            respect to the grant of the Option or any  related  rights,  and the
            Participant  hereby waives any rights or claims  related to any such
            statements,  representations or agreements.  This Agreement does not
            supersede   or  amend  any   existing   confidentiality   agreement,
            nonsolicitation  agreement,   noncompetition  agreement,  employment
            agreement or any other similar agreement between the Participant and
            the  Corporation,  including,  but not limited  to, any  restrictive
            covenants  contained in such  agreements.  This  Agreement  shall be
            binding  upon and shall inure to the  benefit of the parties  hereto
            and their respective executors,  administrators,  heirs,  successors
            and assigns.

      8.    Governing Law.  Except as otherwise  provided in the Plan or herein,
            -------------
            this Agreement shall be construed and enforced according to the laws
            of the State of  Delaware,  without  regard to the  conflict of laws
            provisions of any state,  and in accordance with applicable  federal
            laws of the United States.

      9.    Amendment and Termination; Waiver. Subject to the terms of the Plan,
            ---------------------------------
            this  Agreement  may be  modified  or  amended  only by the  written
            agreement of the parties hereto.  The waiver by the Corporation of a
            breach of any  provision of the Agreement by the  Participant  shall
            not operate or be construed as a waiver of any subsequent  breach by
            the Participant.  Notwithstanding  the foregoing,  the Administrator
            shall have unilateral authority to amend the Plan and this Agreement
            (without Participant consent) to the extent necessary to comply with
            applicable law or changes to applicable law (including but in no way
            limited  to  Code  Section  409A,   Code  Section  422  and  federal
            securities laws).

      10.   No  Rights  as  Stockholder.  The  Participant  and his or her legal
            ---------------------------
            representatives, legatees and distributees shall not be deemed to be
            the  holder of any  Shares  subject to the Option and shall not have
            any rights of a stockholder  unless and until  certificates for such
            Shares have been issued and delivered to him or her or them.

      11.   Withholding; Tax Matters.
            ------------------------

      (a)   The Participant  acknowledges  that the Corporation  shall require
            the  Participant to pay the  Corporation in cash the amount of any
            tax or other amount required by any  governmental  authority to be
            withheld and paid over by the  Corporation  to such  authority for
            the account of the Participant,  and the Participant  agrees, as a
            condition  to the grant of the Option and  delivery  of the Shares
            or   any   other   benefit,    to   satisfy   such    obligations.
            Notwithstanding  the  foregoing,  the  Corporation  may  establish
            procedures to permit the  Participant to satisfy such  obligations
            in whole or in part, and any other local, state, federal,  foreign
            or  other  income  tax  obligations  relating  to the  Option,  by
            electing (the "election") to have the Corporation  withhold shares
            of  Common  Stock  from the  Shares to which  the  Participant  is
            entitled.  The number of Shares to be  withheld  shall have a Fair
            Market  Value as of the date that the amount of tax to be withheld
            is determined  as nearly equal as possible to (but not  exceeding)
            the amount of such  obligations  being  satisfied.  Each  election
            must be made in writing to the  Administrator  in accordance  with
            election procedures established by the Administrator.

<PAGE>

      (b)   The  Participant  acknowledges  that the  Corporation  has made no
            warranties or  representations  to the Participant with respect to
            the tax  consequences  (including,  but not limited to, income tax
            consequences)  related to the  transactions  contemplated  by this
            Agreement,  and the  Participant  is in no manner  relying  on the
            Corporation or its  representatives  for an assessment of such tax
            consequences.  The  Participant  acknowledges  that  there  may be
            adverse tax  consequences  upon  acquisition or disposition of the
            Shares  subject  to the  Option  and that the  Participant  should
            consult a tax advisor prior to such exercise or  disposition.  The
            Participant  acknowledges  that he or she has been advised that he
            or she should  consult with his own attorney,  accountant,  and/or
            tax advisor  regarding  the decision to enter into this  Agreement
            and the consequences  thereof.  The Participant also  acknowledges
            that the  Corporation  has no  responsibility  to take or  refrain
            from  taking any  actions in order to achieve a certain tax result
            for the Participant.

      12.   Administration.   The  authority  to  construe  and  interpret  this
            --------------
            Agreement and the Plan,  and to administer  all aspects of the Plan,
            shall be vested in the  Administrator,  and the Administrator  shall
            have all powers with  respect to this  Agreement  as are provided in
            the Plan. Any  interpretation  of the Agreement by the Administrator
            and any decision  made by it with respect to the  Agreement is final
            and binding.

      13.   Notices.  Except  as may  be  otherwise  provided  by  the  Plan  or
            -------
            determined by the Administrator, any written notices provided for in
            this  Agreement  or the Plan shall be in writing and shall be deemed
            sufficiently  given if either  hand  delivered  or if sent by fax or
            overnight courier, or by postage paid first class mail. Notices sent
            by mail shall be deemed  received  three  business days after mailed
            but in no event later than the date of actual receipt. Notices shall
            be directed,  if to the Participant,  at the  Participant's  address
            indicated on Schedule A (or such other  address as may be designated
            by the Participant in a manner acceptable to the Administrator), or,
            if to  the  Corporation,  at  the  Corporation's  principal  office,
            attention: __________________________, HealthExtras, Inc. Notice may
            also be  provided  by  electronic  submission,  if and to the extent
            permitted by the Administrator.

      14.   Severability.  The provisions of this Agreement are severable and if
            ------------
            any  one or more  provisions  may be  determined  to be  illegal  or
            otherwise  unenforceable,   in  whole  or  in  part,  the  remaining
            provisions shall nevertheless be binding and enforceable.

      15.   Restrictions  on Option and Shares.  The Corporation may impose such
            ----------------------------------
            restrictions  on  the  Option  and  the  Shares  or  other  benefits
            underlying the Option as it may deem  advisable,  including  without
            limitation  restrictions  under the  federal  securities  laws,  the
            requirements of any stock exchange or similar  organization  and any
            blue sky, state or foreign securities laws applicable to such Option
            or Shares.  Notwithstanding  any other  provision in the Plan or the
            Agreement to the contrary, the Corporation shall not be obligated to
            issue, deliver or transfer shares of Common Stock, to make any other
            distribution of benefits,  or to take any other action,  unless such
            delivery,   distribution   or  action  is  in  compliance  with  all
            applicable laws, rules and regulations (including but not limited to
            the requirements of the Securities Act). The Corporation may cause a
            restrictive legend to be placed on any certificate for Shares issued
            pursuant  to the  exercise  of the  Option  in  such  form as may be
            prescribed  from time to time by applicable  laws and regulations or
            as may be advised by legal counsel.

      16.   Effect of Changes in Status.  Unless the Administrator,  in its sole
            ---------------------------
            discretion, determines otherwise (or unless required by Code Section
            409A),  the Option shall not be affected by any change in the terms,
            conditions or status of the Participant's service, provided that the
            Participant  continues to be in the service of the Corporation or an
            Affiliate.  Without limiting the foregoing,  the  Administrator  has
            sole  discretion to determine,  subject to Code Section 409A, at the
            time of grant of the Option or at any time  thereafter,  the effect,
            if  any,  on  the  Option  if  the  Participant's  status  with  the
            Corporation changes.

<PAGE>

      17.   Right of Offset.  Notwithstanding any other provision of the Plan or
            ---------------
            the Agreement,  the Corporation may reduce the amount of any payment
            otherwise  payable to or on behalf of the  Participant by the amount
            of any obligation of the Participant to the  Corporation  that is or
            becomes due and payable and the Participant  shall be deemed to have
            consented to such reduction.

      18.   Counterparts; Further Instruments. This Agreement may be executed in
            ---------------------------------
            two or more counterparts, each of which shall be deemed an original,
            but  all of  which  together  shall  constitute  one  and  the  same
            instrument.  The  parties  hereto  agree  to  execute  such  further
            instruments  and to take such  further  action as may be  reasonably
            necessary to carry out the purposes and intent of this Agreement.

           [Signatures of the Corporation and the Participant follow
                          on Schedule A/Grant Notice.]

<PAGE>

                                     FORM OF
                               HEALTHEXTRAS, INC.
                            2006 STOCK INCENTIVE PLAN

                       Nonqualified Stock Option Agreement

                             Schedule A/Grant Notice
                             -----------------------

      1. Pursuant to the terms and  conditions of the  Corporation's  2006 Stock
Incentive Plan (the "Plan"), you (the "Participant") have been granted an option
(the "Option") to purchase ________ shares (the "Shares") of our Common Stock as
outlined below.

   Name of Participant:
                                               ---------------------------------
   Address:
                                               ---------------------------------
   Grant Date:
                                               ---------------------------------
   Number of Shares Subject to Option:
                                               ---------------------------------
   Option Price:
                                               ---------------------------------
   Type of Option:
                                               ---------------------------------
   Expiration Date (Last Day of Option Period):
                                               ---------------------------------
   Vesting Schedule/Conditions:
                                               ---------------------------------

      2. By my signature below, I, the Participant,  hereby acknowledge  receipt
of  this  Grant  Notice  and  the  Option  Agreement  (the  "Agreement")   dated
_______________,  2006,  between the  Participant  and  HealthExtras,  Inc. (the
"Corporation")  which is attached to this Grant  Notice.  I understand  that the
Grant  Notice and other  provisions  of  Schedule A herein are  incorporated  by
reference  into the  Agreement  and  constitute a part of the  Agreement.  By my
signature  below,  I further  agree to be bound by the terms of the Plan and the
Agreement,  including  but not limited to the terms of this Grant Notice and the
other provisions of Schedule A contained  herein.  The Corporation  reserves the
right to treat the Option and the Agreement as cancelled,  void and of no effect
if the  Participant  fails to return a signed copy of the Grant Notice within 30
days of grant date stated above.

Signature:                                      Date:
           ----------------------------------         --------------------------

                                                Agreed to by:

                                                HEALTHEXTRAS, INC.

                                                By:
                                                   -----------------------------

<PAGE>

Attest:

---------------------------------------

Note: If there are any discrepancies in the name or address shown above,  please
make the  appropriate  corrections  on this  form.  Please  retain a copy of the
Agreement, including this Grant Notice, for your files.Exhibit 4.1

KEURIG, INCORPORATED

Fifth Amended and Restated

1995 STOCK OPTION PLAN

1.  Purpose

This Plan is intended to encourage ownership of Stock by employees and consultants of the Company and its Affiliates and to provide additional incentives for them to promote the success of the Company's business.  The Plan is intended to be an incentive stock option plan within the meaning of Section 422 of the Code but not all Options granted hereunder are required to be Incentive Options.

2.  Definitions

As used in this Plan the following terms shall have the following meanings:

2.1.  Act means the Securities Act of 1933, as amended.

2.2.  Affiliate means a parent or subsidiary corporation of the Company, as defined in Sections 424(e) and (f), respectively, of the Code.

2.3.  Board means the Company's Board of Directors.

2.4.  Code means the Internal Revenue Code of 1986, as amended from time to time, or any statute successor thereto, and any regulations issued from time to time thereunder.

2.5.  Committee means a committee appointed by the Board, responsible for the administration of the Plan, as provided in Section 5 of the Plan. For any period during which no such committee is in existence all authority and responsibility assigned the Committee under the Plan shall be exercised, if at all, by the Board.

2.6.  Company means Keurig, Incorporated, a corporation organized under the laws of the State of Delaware.

2.7.  Employment Agreement means an agreement, if any, between the Company and an Optionee, setting forth, inter alia, conditions and restrictions upon the transfer of shares of Stock.

2.8.  Fair Market Value means the value of a share of Stock on any date as determined by the Committee.

2.9.  Grant Date means the date as of which an Option is granted, as determined under Section 7.

2.10.  Incentive Option means an Option which by its terms is to be treated as an "incentive stock option" within the meaning of Section 422 of the Code.

2.11.Involuntary Termination shall mean the termination of the service of any individual which occurs by reason of: such individual's involuntary dismissal or discharge by the Company for reasons other than Misconduct, or such individual's voluntary resignation within 90 days of any of the following: (A) a change in his or her position with the Company which materially reduces his or her duties and responsibilities or the level of management to which he or she reports, (B) a reduction in his or her level of compensation (including base salary, fringe benefits and target bonuses under any corporate-performance based bonus or incentive programs) by more than fifteen percent (15%) or (C) a relocation of such individual's place of employment by more than fifty (50) miles, provided and only if such change, reduction or relocation is effected without the individual's consent.

2.12.Misconduct shall mean  a willful act of dishonesty by the Optionee with respect to any matter involving the Company or any subsidiary or affiliate, engagement in illegal conduct or gross misconduct which is materially and demonstrably injurious to the Company, the gross or willful failure by the Optionee to substantially perform the Optionee's duties with the Company, or the willful failure to carry out a legal direction of the Board or Optionee's supervisor.  For the purposes of the preceding sentence, no act, or failure to act, on the Optionee's part shall be deemed "willful" unless done or omitted to be done, by the Optionee with the belief that the Optionee's act, or failure to act, was not in the best interest of the Company. 

2.13.  Nonstatutory Option means any Option that is not an Incentive Option.

2.14.  Option means an Option to purchase shares of Stock granted under the Plan.

2.15.  Option Agreement means an agreement between the Company and an Optionee, setting forth the terms and conditions of an Option.

2.16.  Option Price means the price paid by an Optionee for a share of Stock upon exercise of an Option.

2.17.  Optionee means a person eligible to receive an Option, as provided in Section 6, to whom an Option shall have been granted under the Plan.

2.18.  Plan means this 1995 Stock Option Plan of the Company, as amended from time to time.

2.19.  Stock means Common Stock, par value $.01 per share, of the Company.

2.20.  Stock Restriction Agreement means an agreement between the Company and the Optionee in such form as the Committee may prescribe in connection with the grant of any Option, setting forth certain restrictions upon the transfer of shares of Stock.

2.21.  Ten Percent Owner means a person who owns, or is deemed within the meaning of Section 422(b)(6) of the Code to own, stock possessing more than 10% of the total combined voting power of all classes of stock of the Company (or any Affiliate).  Whether a person is a Ten Percent Owner shall be determined with respect to each Option based on the facts existing immediately prior to the Grant Date of such Option.

3.  Term of the Plan

Options may be granted hereunder at any time in the period commencing on the approval of the Plan by the Board and ending immediately prior to the tenth anniversary of the earlier of the adoption of the Plan by the Board or approval of the Plan by the Company's shareholders.  Options granted prior to shareholder approval of the Plan are hereby expressly conditioned upon such approval and shall be void ab initio in the event the shareholders of the Company shall fail to approve the Plan within twelve (12) months of the Board's approval of the Plan.

4.  Stock Subject to the Plan

At no time shall the number of shares of Stock then outstanding which are attributable to the exercise of Options granted under the Plan, plus the number of shares then issuable upon exercise of outstanding Options granted under the Plan, exceed 1,620,000 shares, subject, however, to the provisions of Section 17 of the Plan.  Shares to be issued upon the exercise of Options granted under the Plan may be either authorized but unissued shares or shares held by the Company in its treasury.  If any Option expires, terminates, or is canceled for any reason without having been exercised in full, the shares not purchased thereunder shall again be available for Options thereafter to be granted.

5.  Administration

The Plan shall be administered by the Committee.  Subject to the provisions of the Plan, the Committee shall have complete authority, in its discretion, to make or to select the manner of making the following determinations with respect to each Option to be granted by the Company in addition to any other determinations allowed the Committee under the Plan: (a) the employee or consultant to receive the Option; (b) whether the Option (if granted to an employee) will be an Incentive Option or Nonstatutory Option; (c) the time of granting the Option; (d) the number of shares subject to the Option; (e) the Option Price; (f) the Option period; (g) the Option exercise date or dates; and (h) subject to the provisions of the Plan, the effect of termination of employment or other association with the Company and its Affiliates on the subsequent exercisability of the Option.  In making such determinations, the Committee may take into account the nature of the services rendered by the respective employees and consultants, their present and potential contributions to the success of the Company and its subsidiaries, and such other factors as the Committee in its discretion shall deem relevant.  Subject to the provisions of the Plan, the Committee shall also have complete authority to interpret the Plan, to prescribe, amend and rescind rules and regulations relating to it, to determine the terms and provisions of the respective Option Agreements (which need not be identical), and to make all other determinations necessary or advisable for the administration of the Plan.  The Committee's determinations made in good faith on matters referred to in this Plan shall be conclusive.

6.  Eligibility: Maximum Grant Per Individual

An Option shall be granted only to an employee or consultant of one or more of the Company or an Affiliate.  

7.  Time of Granting Options

The granting of an Option shall take place at the time specified in the Option Agreement.  Only if expressly so provided in the Option Agreement shall the Grant Date be the date on which an Option Agreement shall have been duly executed and delivered by the Company and the Optionee.

8.  Option Price

The Option Price under each Incentive Option shall be not less than 100% of the Fair Market Value of Stock on the Grant Date, or not less than 110% of the Fair Market Value of Stock on the Grant Date if the Optionee is a Ten Percent Owner.  The Option Price under each Nonstatutory Option shall not be so limited solely by reason of this Section 8.

9.  Option Period

No Incentive Option may be exercised on or after the tenth anniversary of the Grant Date, or on or after the fifth anniversary of the Grant Date, if the Optionee is a Ten Percent Owner.  The Option period under each Nonstatutory Option shall not be so limited solely by reason of this Section 9.  An Option may be immediately exercisable or become exercisable in such installments, cumulative or non-cumulative, as the Committee may determine.  In the case of an Option not otherwise immediately exercisable in full the Committee may accelerate the exercisability of such Option in whole or in part at any time, provided the acceleration of the exercisability of any Incentive Option would not cause the Option to fail to comply with the provisions of Section 422 of the Code.

10.  Limit on Incentive Option Characterization

An Incentive Option shall be considered to be an Incentive Option only to the extent that the number of shares of Stock for which the Option first becomes exercisable in a calendar year do not have an aggregate Fair Market Value (as of the date of the grant of the Option) in excess of the "current limit".  The current limit for any Optionee for any calendar year shall be $100,000 minus the aggregate Fair Market Value at the date of grant of the number of shares of Stock available for purchase for the first time in the same year under each other Incentive Option previously granted to the Optionee under the Plan, and under each other incentive stock option previously granted to the Optionee under any other incentive stock option plan of the Company and its Affiliates, after December 31, 1986.  Any shares of Stock which would cause the foregoing limit to be violated shall be deemed to have been granted under a separate Nonstatutory Option, otherwise identical in its terms to those of the Incentive Option.

11.  Exercise of Option

An Option may be exercised by the Optionee giving written notice, in the manner provided in Section 22, specifying the number of shares with respect to which the Option is then being exercised.  The notice shall be accompanied by payment in the form of cash, or certified or bank check payable to the order of the Company in an amount equal to the option price of the shares to be purchased or, if the Committee had so authorized on the grant of any particular Option hereunder (and subject such conditions, if any, as the Committee may deem necessary to avoid adverse accounting effects to the Company) by delivery of that number of shares of Stock having a fair market value equal to the option price of the shares to be purchased.  Receipt by the Company of such notice and payment shall constitute the exercise of the Option.  Within 30 days thereafter, but subject to the remaining provisions of the Plan, the Company shall deliver or cause to be delivered to the Optionee or his agent a certificate or certificates for the number of shares then being purchased.  Such shares shall be fully paid and nonassessable.  Nothing herein shall be construed to preclude the Company from participating in a so-called "cashless exercise", provided the Optionee or other person exercising the Option and each other party involved in any such exercise shall comply with such procedures, and enter into such agreements, of indemnity or otherwise, as the Company shall specify.

12.  Restrictions on Issue of Shares

12.1.  Violation of Law.  Notwithstanding any other provision of the Plan, if, at any time, in the reasonable opinion of the Company the issuance of shares of Stock covered by the exercise of any Option may constitute a violation of law, then the Company may delay such issuance and the delivery of a certificate for such shares until (i) approval shall have been obtained from such governmental agencies, other than the Securities and Exchange Commission, as may be required under any applicable law, rule, or regulation; and (ii) in the case where such issuance would constitute a violation of a law administered by or a regulation of the Securities and Exchange Commission, one of the following conditions shall have been satisfied:

(a) the shares with respect to which such Option has been exercised are at the time of the issue of such shares effectively registered under the Act; or

(b) the Company shall have received an opinion, in form and substance satisfactory to the Company, from the Company's legal counsel to the effect that the sale, transfer, assignment, pledge, encumbrance or other disposition of such Shares or such beneficial interest, as the case may be does not require registration under the Act or any applicable State securities laws.

The Company shall make all reasonable efforts to bring about the occurrence of said events.

12.2.  Execution of Stock Restriction Agreement; Interpretation.  Whenever shares are to be issued pursuant to an Option, the Company shall be under no obligation to issue such shares until such time, if ever, as person who exercises such Option, in whole or in part, shall have executed and delivered to the Company the Stock Restriction Agreement specified by the Committee in connection with the grant of such Option, if any.  In the event of any conflict between the provisions of this Plan and provisions of a Stock Restriction Agreement or Employment Agreement, the provisions of the Stock Restriction Agreement or Employment Agreement shall control, but insofar as possible the provisions of the Plan and any such Agreement shall be construed so as to give full force and effect to all such provisions.

12.3.  Placement of Legends.  Each certificate representing shares issued upon the exercise of an Option will bear restrictive legends which may refer to applicable restrictions under the Stock Restriction Agreement and Employment Agreement, if any.

13.  Purchase for Investment; Subsequent Registration

13.1.  lnvestment Representations.  Unless the shares to be issued upon exercise of an Option granted under the Plan have been effectively registered under the Act, the Company shall be under no obligation to issue any shares covered by any Option unless the person who exercises such Option, in whole or in part, shall give a written representation to the Company which is satisfactory in form and substance to its counsel and upon which the Company may reasonably rely, that he or she is acquiring the shares issued pursuant to such exercise of the Option of his or her own account for the purpose of investment and not with a view to, or for sale in connection with the distribution of any Such shares.

13.2.  Registration.  If the Company shall deem it necessary or desirable to register under the Act or other applicable statutes any shares with respect to which an Option shall have been granted, or to qualify any such shares for exemption from the Act or other applicable statutes, then the Company shall take such action at its own expense.  The Company may require from each Option holder or each holder of shares of Stock acquired pursuant to the Plan, such information in writing for use in any registration statement, prospectus, preliminary prospectus or offering circular as is reasonably necessary for such purpose and may require reasonable indemnity to the Company and its officers and directors from such holder against all losses, claims, damage and liabilities arising from such use of the information so furnished and caused by any untrue statement of any material fact therein or caused by the omission to state a material fact required to be stated therein or necessary to make the statements therein not misleading in the light of the circumstances under which they were made.  In addition, the Company may require of any such person that he or she agree that, without the prior written consent of the Company or such managing underwriter, he or she will not sell, make any short sale of, loan, grant any option for the purchase of, pledge or otherwise encumber, or otherwise dispose of, any shares of Stock during the 180 day period commencing on the effective date of the registration statement relating to such underwritten public offering of securities.

13.3.  Placement of Legends: Stop Orders; etc.  Each share of Stock issued pursuant to any Option granted under this Plan may bear a reference to the investment representation made in accordance with Section 13.1 in addition to any other applicable restriction under the Plan and the terms of the Option and to the fact that no registration statement has been filed with the Securities and Exchange Commission in respect to said Stock.  All certificates for shares of Stock or other securities delivered under the Plan shall be subject to such stock-transfer orders and other restrictions as the Committee may deem advisable under the rules, regulations, and other requirements of any stock exchange upon which the Stock is then listed, and any applicable Federal or state securities law, and the Committee may cause a legend or legends to be put on any such certificates to make appropriate reference to such restrictions.

14.  Withholding; Notice of Disposition of Stock Prior to Expiration of specified Holding Period

14.1.  Tax Withholding.  Whenever shares are to be issued in satisfaction of an Option granted hereunder, the Company shall have the right to require the Optionee to remit to the Company an amount sufficient to satisfy federal, state, local or other withholding tax requirements if and to the extent required by law (whether so required to secure for the Company an otherwise available tax deduction or otherwise) prior to the delivery of any certificate or certificates for such shares.

14.2.  Notification of Disposition.  Each person exercising any Incentive Option granted under the Plan shall be deemed to have covenanted with the Company to report to the Company any disposition of such shares prior to the expiration of the holding periods specified by Section 422(a)(1) of the Code and if and to the extent that the realization of income in such a disposition imposes upon the Company federal, state, local or other withholding tax requirements or any such withholding is required to secure for the Company an otherwise available tax deduction, to remit to the Company an amount in cash sufficient to satisfy those requirements.

15.  Termination of Association with the Company

If the Optionee's employment or other association with the Company is terminated, whether voluntarily or otherwise, the Option shall expire as of the close of business on the thirtieth day after such termination, and the Option may be exercised, to the extent exercisable on the date of termination; provided, however, that the Committee may provide for a longer period of exercise following termination in the grant of a particular Option under the Plan.  Military or sick leave shall not be deemed a termination of employment or other association, provided that it does not exceed the longer of 90 days or the period during which the absent Optionee's reemployment rights, if any, are guaranteed by statute or by contract.

16.  Transferability of Options

Options shall not be transferable, other than by will or the laws of descent and distribution, and may be exercised during the life of the Optionee only by the Optionee.

17.  Adjustments for Corporate Transactions

17.1.  Stock Dividend, Etc.  In the event of any stock dividend payable in Stock or any split-up or contraction in the number of shares of Stock after the date of the Option Agreement and prior to the exercise in full of the Option, the number of shares subject to such Option Agreement and the price to be paid for each share subject to the Option shall be proportionately adjusted.

17.2.  Stock Reclassification.  In the event of any reclassification or change of outstanding shares of Stock, shares of stock or other securities equivalent in kind and value to those shares an Optionee would have received if he or she had held the full number of shares of Stock subject to the Option immediately prior to such reclassification or change and had continued to hold those shares (together with all other shares, stock and securities thereafter issued in respect thereof) to the time of the exercise of the Option shall thereupon be subject to the Option.

17.3.  Consolidation or Merger.  Subject to the remainder of this Section 17.3, in the event of any consolidation or merger of the Company with or into another company or in case of any sale or conveyance to another company or entity of the property of the Company as a whole or substantially as a whole (a "Corporate Transaction"), notwithstanding any restrictions on exercisability contained in the Option Agreement, the Option shall become exercisable for the full number of shares of Stock subject to the Option immediately prior to a Corporate Transaction.  A "Corporate Transaction" shall not be deemed to include, however, a management buyout of the Company. However, for Options granted after September 13, 1999 the Option shall not become immediately exercisable on such basis if and to the extent: (i) the Option is assumed by the successor company (or parent thereof) in the Corporate Transaction and the restrictions on exercisability with respect to the unvested portion of the Option are concurrently assigned to such successor company (or parent thereof) or (ii) the Option is to be replaced with a cash incentive program of the successor company which preserves the spread existing on the unvested portion of the Option at the time of the Corporate Transaction and provides for subsequent payout in accordance with the same vesting schedule applicable to the unvested portion of the Option or (iii) the acceleration of the Option is subject to other limitations imposed by the Committee at the time of the option grant under the applicable Option Agreement. 

The Committee shall have the discretion, exercisable either at the time the Option is granted or at any time while the Option remains outstanding, to provide for the automatic acceleration (in whole or in part) of one or more outstanding options upon the occurrence of a Corporate Transaction, whether or not those options are to be assumed by a successor company in the Corporate Transaction.

Any Options granted after September 13, 1999 will automatically become fully exercisable on an accelerated basis should the Optionee's service terminate by reason of an Involuntary Termination within a designated period (not to exceed twenty-four (24) months) following the effective date of any Corporate Transaction in which the Option is assumed.  Any Options granted before or after September 13, 1999 will automatically become fully exercisable on an accelerated basis should the Optionee's service terminate by reason of an Involuntary Termination within a designated period (not to exceed twenty-four (24) months) following the effective date of any action or event, except the initial public offer and sale of the Company's common stock, whereby, a (a) MD Co. and its successors and assigns no longer holds or controls the vote of a majority of all issued and outstanding voting stock of the Company and not less than that number of shares of Preferred Stock which, if converted, would entitle them to hold 65% of the Common Stock issuable upon conversion of the Series B Preferred Stock and Series C Preferred Stock in relation to a Corporate Transaction and (b) MD Co. or its successor and assignee no longer retains the right to cause the election to the Board of Directors of such number of its nominees as constitutes a majority of the members of the Board of Directors (a "Change in Control"). Any Option so accelerated in connection with a Corporate Transaction or a Change In Control shall remain exercisable for the fully-vested Option shares until the earlier of (i) the expiration of the Option term or (ii) the expiration of the one (1)-year period measured from the effective date of the Involuntary Termination.

The portion of any Incentive Option accelerated in connection with a Corporate Transaction or a Change In Control shall remain exercisable as an Incentive Option only to the extent the applicable $100,000 limitation is not exceeded.  To the extent such dollar limitation is exceeded, the accelerated portion of such Option shall be exercisable as a Nonstatutory Option under the Federal tax laws.

The grant of Options under the Plan shall in no way affect the right of the Company to adjust, reclassify, reorganize or otherwise change its capital or business structure or to merge, consolidate, dissolve, liquidate or sell or transfer all or any part of its business or assets.

17.4.  Dissolution or Liquidation.  Upon dissolution or liquidation of the Company, the Option shall terminate, but the Optionee (if at the time in the employ of or otherwise associated with the Company or any of its Affiliates) shall have the right, immediately prior to such dissolution or liquidation, to exercise the Option to the extent exercisable on the date of such dissolution or liquidation.

17.5.  Related Matters.  Any adjustment required by this Section 17 shall be determined and made by the Committee.  No fraction of a share shall be purchasable or deliverable upon exercise, but in the event any adjustment hereunder of the number of shares covered by the Option shall cause such number to include a fraction of a share, such number of shares shall be adjusted to the nearest smaller number of shares.  In the event of changes in the outstanding Stock by reason of any .stock dividend, split-up, contraction, reclassification, or change of outstanding shares of Stock of the nature contemplated by this Section 17, the number of shares of Stock available for the purposes of the Plan as stated in Section 4 shall be correspondingly adjusted.

18.  Reservation of Stock

The Company shall at all times during the term of the Plan and any outstanding Options granted hereunder reserve or otherwise keep available such number of shares of Stock as will be sufficient to satisfy the requirements of the Plan (if then in effect) and such Options and shall pay all fees and expenses necessarily incurred by the Company in connection therewith.

19.  Limitation of Rights in Stock; No Special Employment or Other Rights

The Optionee shall not be deemed for any purpose to be a stockholder of the Company with respect to any of the shares of Stock covered by an Option, except to the extent that the Option shall have been exercised with respect thereto and, in addition, a certificate shall have been issued therefor and delivered to the Optionee or his agent.  Any Stock issued pursuant to the Option shall be subject to all restrictions upon the transfer thereof which may be now or hereafter imposed by the Certificate of Incorporation, the By-laws of the Company, the Stock Restriction Agreement and the Employment Agreement.  Nothing contained in the Plan or in any Option shall confer upon any Optionee any right with respect to the continuation of his or her employment or other association with the Company (or any Affiliate), or interfere in any way with the right of the Company (or any Affiliate), subject to the terms of any separate employment or consulting agreement or provision of law or corporate articles or by-laws to the contrary, at any time to terminate such employment or consulting agreement or to increase or decrease the compensation of the Optionee from the rate in existence at the time of the grant of an Option.

20.  Nonexclusivity of the Plan

Neither the adoption of the Plan by the Board nor the submission of the Plan to the shareholders of the Company shall be construed as creating any limitations on the power of the Board to adopt such other incentive arrangement as it may deem desirable, including without limitation, the granting of stock options other than under the Plan, and such arrangements may be either applicable generally or only in specific cases.

21.  Termination and Amendment of the Plan

The Board may at any time terminate the Plan or make such modifications of the Plan as it shall deem advisable.  No termination or amendment of the Plan may, without the consent of the Optionee to whom any Option shall therefore have been granted, adversely affect the rights of such Optionee under such Option.

22.  Notices and Other Communications

Any notice, demand, request or other communication hereunder to any party shall be deemed to be sufficient if contained in a written instrument delivered in person or duty sent by first class registered, certified or overnight mail, postage prepaid, or telecopied with a confirmation copy by regular certified or overnight mail, addressed or telecopied, as the case may be, (i) if to the Optionee, at his or her residence address last filed with the Company and (ii) if to the Company, at 101 Edgewater Drive, Wakefield, MA 01880, Attention: CEO, Telecopier: 781-246-5003, or to such other address or telecopier number, as the case may be, as the addressee may have designated by notice to the addresser.  All such notices, requests, demands and other communications shall be deemed to have been received: (i) in the case of personal delivery, on the date of such delivery; (ii) in the case of mailing, when received by the addressee; and (iii) in the case of facsimile transmission, when communicated by facsimile machine report.

23.  Governing Law

The Plan and all Options and actions taken thereunder shall be governed, interpreted and enforced in accordance with the laws of the Commonwealth of Massachusetts, without regard to the conflict of laws principles thereof.

 

* * * * * *

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