Document:

Exhibit
10.1

     

    AMENDED
AND RESTATED INDEMNIFICATION AGREEMENT

     

    THIS
INDEMNIFICATION AGREEMENT (the “Agreement”) dated as of
______________, 20__, is made by and between Royal Gold, Inc., a Delaware
corporation (the “Corporation”), and the
undersigned member of the Board of Directors or officer, manager, employee,
agent or fiduciary of the Corporation (“Indemnitee”).

     

    WHEREAS,
the Corporation is aware that competent and experienced persons are increasingly
reluctant to serve as directors, officers, managers, employees, agents or
fiduciaries of corporations unless they are protected by comprehensive liability
insurance and indemnification, due to increased exposure to litigation costs and
risks resulting from their service to such corporations, and due to the fact
that the exposure frequently bears no reasonable relationship to the
compensation of such directors, officers, managers, employees and other agents
or fiduciaries;

     

    WHEREAS,
the Corporation's Amended and Restated Bylaws (as amended from time to time, the
“Bylaws”), the
Corporation’s Amended Certificate of Incorporation (as amended from time to
time, the “Certificate”)
and the Delaware General Corporation Law (the “DGCL”), under which the
Corporation is organized, empower the Corporation to indemnify its directors,
officers, employees, agents and fiduciaries by agreement and to indemnify
persons who serve, at the request of the Corporation, as the directors,
officers, employees, agents or fiduciaries of other corporations, partnerships,
joint ventures, trusts or other or enterprises, and expressly provides that the
indemnification provided by the Certificate, the Bylaws and the DGCL are not
exclusive;

     

    WHEREAS,
such Certificate, Bylaws and the DGCL contemplate that contracts, insurance
policies and other financial arrangements may be entered into with respect to
indemnification of directors, officers, employees or agents;

     

    WHEREAS,
the Corporation has purchased and presently maintains a policy or policies of
directors’ and officers’ liabilities insurance (“D&O Insurance”) covering
certain liabilities that may be incurred by the Corporation’s directors and
officers in the performance of their services to the Corporation;

     

    WHEREAS,
uncertainties regarding the adequacy of coverage of D&O Insurance as well as
uncertainties regarding the applicability, amendment and enforcement of
statutory provisions and provisions of the Certificate and the Bylaws have
raised questions concerning the adequacy and reliability of the protection
afforded directors and officers;

     

    WHEREAS,
the Corporation and Indemnitee have previously entered into an Indemnification
Agreement (the “Prior
Agreement”), and the Corporation and Indemnitee desire to amend and
restate the Prior Agreement in its entirety with this Agreement;

     

    WHEREAS,
it is reasonable, prudent and necessary for the Corporation to obligate itself
contractually to indemnify Indemnitee pursuant to the terms of this Agreement so
that Indemnitee will serve or continue to serve the Corporation free from undue
concern that Indemnitee will not be adequately protected; and

    
      
         

      

      
        
        

        
          

        

      

      
         

      

    

    WHEREAS,
Indemnitee is willing to serve, continue to serve and to take on additional
service for or on behalf of the Corporation on condition that Indemnitee be so
indemnified;

     

    NOW,
THEREFORE, in consideration of the premises and the covenants contained herein,
the Corporation and Indemnitee do hereby covenant and agree as
follows:

     

    1.          Definitions.  As
used in this Agreement,

     

    (a)          Change in
Control.  The term “Change in Control” shall mean
a change in the possession, directly or indirectly, of the power to direct or
cause the direction of the management and policies of the Corporation or any
successor in interest to the Corporation, whether through the ownership of
voting securities, by contract or otherwise.  A Change in Control
shall be deemed to have occurred if any of the following occur after the date of
this Agreement: (i) any “person” (as such term is used
in Sections 13(d)(3) and 14(d)(2) of the Securities Exchange Act of 1934, as
amended (the “Exchange
Act”)) other than the Corporation, a trustee or other fiduciary holding
securities under an employee benefit plan of the Corporation or a corporation
owned directly or indirectly by the stockholders of the Corporation in
substantially the same proportions as their ownership of stock of the
Corporation, becomes the “beneficial owner” (as defined
in Rule 13d-3 promulgated under the Exchange Act), directly or indirectly, of
securities of the Corporation representing 15% or more of the total voting power
represented by the Corporation's then outstanding Voting Securities,
(ii) during any period of two consecutive years, Continuing Directors cease
for any reason to constitute a majority of the members of the Board of
Directors, (iii) the death, removal or resignation of [three] or more Continuing
Directors during any 12 month period, (iv) the stockholders of the
Corporation approve (A) a merger or consolidation of the Corporation with any
other entity other than a merger or consolidation which would result in the
Voting Securities of the Corporation outstanding immediately prior thereto
continuing to represent (either by remaining outstanding or by being converted
into Voting Securities of the surviving entity) at least 60% of the total voting
power represented by the Voting Securities of the Corporation or such surviving
entity outstanding immediately after such merger or consolidation, or (B) a plan
of dissolution or liquidation of the Corporation or an agreement for the sale,
lease, conveyance, disposition or other transfer by the Corporation of (in one
transaction or a series of transactions) all or substantially all of the
Corporation's assets, or (v) there occurs any other event of a nature that would
be required to be reported in response to Item 6(e) of Schedule 14A of
Regulation 14A (or a response to any similar item on any similar schedule or
form) promulgated under the Exchange Act, whether or not the Corporation is then
subject to such reporting requirement.

    
      
         

      

      
        2

        
          

        

      

      
         

      

    

    (b)           Continuing
Directors.  The term “Continuing Directors” shall
mean, as of the date of determination, any individual who either (i) was a
director at the beginning of the two year period preceding such date of
determination or (ii) was nominated for election or elected to the Board of
Directors with the affirmative vote of at least a majority of the directors then
still in office who either were directors at the beginning of the two year
period preceding such date of determination or whose election or nomination for
election was previously so approved, but shall exclude any person whose initial
election to the Board of Directors occurs as a result of either an actual or
threatened election contest (as such terms are used in Rule 14a-11 of Regulation
14A promulgated under the Exchange Act), other actual or threatened solicitation
of proxies or consents or an actual or threatened tender offer.

     

    (c)           Corporate
Status.  The term “Corporate Status” describes
the status of an individual who is or was a director, officer, manager,
employee, agent or fiduciary of the Corporation or of any other corporation,
partnership, joint venture, trust, employee benefit plan or other enterprise
which such individual is or was serving at the request of the
Corporation.

     

    (d)           Corporation.  References
to the “Corporation”
shall include, in addition to the Corporation, any constituent corporation
(including any constituent of a constituent) absorbed in a consolidation or
merger to which the Corporation (or any of its wholly owned subsidiaries) is or
was a party which, if its separate existence had continued, would have had power
and authority to indemnify its directors, officers, managers, employees, agents
or fiduciaries, so that if Indemnitee is or was a director, manager, officer,
employee, agent, control person, or fiduciary of such constituent corporation,
or is or was serving at the request of such constituent corporation as a
director, officer, manager, employee, control person, agent or fiduciary of
another corporation, partnership, joint venture, employee benefit plan, trust or
other enterprise, Indemnitee shall stand in the same position under the
provisions of this Agreement with respect to the resulting or surviving
corporation as Indemnitee would have with respect to such constituent
corporation if its separate existence had continued.

     

    (e)           Expenses.  The
term “Expenses” shall
include, without limitation, any judgments, fines and penalties against
Indemnitee in connection with a Proceeding; amounts paid by Indemnitee in
settlement of a Proceeding; and all attorneys' fees and disbursements,
accountants' fees, private investigation fees and disbursements, retainers,
court costs, transcript costs, fees of experts, fees and expenses of witnesses,
travel expenses, duplicating costs, printing and binding costs, telephone
charges, postage, delivery service fees, and all other disbursements, or
expenses, reasonably incurred by or for Indemnitee in connection with
prosecuting, defending, preparing to prosecute or defend, investigating, being
or preparing to be a witness in a Proceeding or establishing Indemnitee's right
of entitlement to indemnification for any of the foregoing.  Expenses
also shall include Expenses incurred in connection with any appeal resulting
from any Proceeding, including without limitation, the premium, security for,
and other costs relating to any cost bond, supersedeas bond or other bond or its
equivalent.

     

    (f)           Fines.  References
to “fines” shall
include, without limitation, any fines, penalties and assessments, as well as
any excise tax assessed with respect to any employee benefit
plan.

    
      
         

      

      
        3

        
          

        

      

      
         

      

    

    (g)          Independent Legal
Counsel.  For purposes of this Agreement, “Independent Legal Counsel”
shall mean an attorney or firm of attorneys that is experienced in the matters
of corporation law, selected in accordance with the provisions of Section 9(c)
hereof, who shall not have otherwise performed services for the Corporation or
any indemnitee of the Corporation within the last three years (other than with
respect to matters concerning the right of any indemnitee under this Agreement,
or of other indemnitees under similar indemnity
agreements).  Notwithstanding the foregoing, the term “Independent
Legal Counsel” shall not include any attorney who, under the applicable
standards of professional conduct then prevailing, would have a conflict of
interest in representing either the Corporation or an Indemnitee in any action
to determine the Indemnitee’s rights pursuant to this Agreement.

     

    (h)          Other
Enterprise.  References to “other enterprise” shall
include employee benefit plans sponsored by the Corporation or made available by
the Corporation to its employees.

     

    (i)           Proceeding.  The
term “Proceeding” shall
include any threatened, pending or completed action, suit, inquiry, proceeding,
arbitration or alternative dispute resolution mechanism, investigation (whether
designated by the investigative agency as a formal investigation or otherwise),
administrative hearing or any other actual, threatened or completed proceeding,
whether brought by or in the right of the Corporation or otherwise and whether
of a civil, criminal, administrative, regulatory or investigative nature, in
which Indemnitee was, is or will be involved as a party, as a witness or
otherwise, by reason of the fact that Indemnitee is or was a director, officer,
manager, employee, agent or fiduciary of the Corporation, by reason of any
action taken by Indemnitee or of any inaction on Indemnitee's part while acting
as a director, officer, manager, employee, agent or fiduciary or by reason of
the fact that Indemnitee is or was serving at the request of the Corporation as
a director, officer, manager, employee, agent or fiduciary of another
corporation, partnership, joint venture, trust, limited liability company or
other enterprise; in each case whether or not Indemnitee is acting or serving in
any such capacity at the time any liability or expense is incurred for which
indemnification or reimbursement can be provided under this Agreement; provided
that any such action, suit or proceeding which is brought by Indemnitee against
the Corporation or directors, officers, managers, employees, agents or
fiduciaries of the Corporation shall not be deemed a Proceeding, except
(i) with respect to actions or proceedings to establish or enforce a right
to indemnity under this Agreement or any other agreement or insurance policy or
under the Certificate or Bylaws now or hereafter in effect, (ii) in
specific cases if the Board of Directors has approved the initiation or bringing
of such Proceeding, or (iii) as otherwise required under the DGCL,
regardless of whether Indemnitee ultimately is determined to be entitled to such
indemnification, advance expense payment or insurance recovery, as the case may
be.

     

    (j)          Reviewing
Party.  A “Reviewing Party” shall mean
the party elected pursuant to Section 9(b) of this
Agreement.

     

    (k)         Serving at the Request of
the Corporation.  References to “serving at the request of the
Corporation” shall include any service as a director, officer, manager,
employee, controlling person, agent or fiduciary of the Corporation that imposes
duties on, or involves services by, such director, officer, manager, employee,
controlling person, agent or fiduciary with respect service as a director,
officer, manager, employee, control person, agent or fiduciary of the
Corporation or of another corporation, partnership, joint venture, employee
benefit plan, trust or other enterprise.

    
      
         

      

      
        4

        
          

        

      

      
         

      

    

    (l)           Substantiating
Documentation.  The term “substantiating documentation”
shall mean, as applicable (i) copies of bills or invoices for costs incurred by
or for Indemnitee, or copies of court or agency orders or decrees or settlement
agreements, as the case may be, accompanied by a sworn statement from Indemnitee
that such bills, invoices, court or agency orders or decrees or settlement
agreements, represent costs or liabilities meeting the definition of "Expenses"
herein and/or (ii) documentation and information as is reasonably available to
Indemnitee and is reasonably necessary to determine whether and to what extent
Indemnitee is entitled to indemnification.

     

    (m)         Threatened Change in
Control.  A “Threatened Change in Control”
shall mean the occurrence of one or more of the following events:  (i)
the Corporation (or any affiliate of the Corporation) entering into an
agreement, the consummation of which would result in the occurrence of a Change
in Control; (ii) any person (including, without limitation, the Corporation)
publicly announcing an intention to take or to consider taking actions which, if
consummated, would constitute a Change in Control; or (iii) the Board notifying
Indemnitee in writing that a threat of a Change in Control exists.

     

    (n)          To the Fullest Extent
Authorized or Permitted by Law.  The phrase “to the fullest extent authorized or
permitted by law” shall include, but not be limited to: (i) to the
fullest extent authorized or permitted by law, even if such indemnification is
not specifically authorized by the other provisions of this Agreement, the
Certificate or Bylaws or by statute; (ii) to the fullest extent authorized or
permitted by the provision of the DGCL that authorizes or contemplates
additional indemnification by agreement, or the corresponding provision of any
amendment to or replacement of the DGCL or such provision thereof; (iii) to the
fullest extent authorized or permitted by any amendments to or replacements of
the DGCL or any other applicable law, statute or rule adopted after the date of
this Agreement that expands the right of a corporation to indemnify a member of
its Board of Directors or an officer, employee, controlling person, agent or
fiduciary; and (iv) in the event of any amendments to or replacements of the
DGCL or any applicable law, statute or rule that narrows the right of a
corporation to indemnify a member of its Board of Directors or an officer,
employee, agent or fiduciary, and to the extent such amendments and/or
replacements are not otherwise required by such law, statute or rule to be
applied to this Agreement, to the fullest extent permitted pursuant to this
Agreement as of the date hereof.

     

    (o)          Voting Securities.
“Voting Securities”
shall mean any securities of the Corporation that vote generally in the election
of directors.

     

    2.           Indemnity of
Indemnitee.

     

    The
Corporation hereby agrees to hold harmless and indemnify Indemnitee to the
fullest extent authorized or permitted by law.  In furtherance of the
foregoing indemnification, and without limiting the generality
thereof:

    
      
         

      

      
        5

        
          

        

      

      
         

      

    

    (a)           Proceedings Other Than
Proceedings by or in the Right of the Corporation.  Indemnitee
shall be entitled to the rights of indemnification provided in this Section 2(a) if, by
reason of his Corporate Status, he is, or is threatened to be made, a party to
or participant in any Proceeding other than a Proceeding by or in the right of
the Corporation.  Pursuant to this Section 2(a),
Indemnitee shall be indemnified against all Expenses, judgments, penalties,
fines and amounts paid in settlement actually and reasonably incurred by him or
on his behalf in connection with such Proceeding or any claim, issue or matter
therein, if he acted in good faith and in a manner he reasonably believed to be
in or not opposed to the best interests of the Corporation and, with respect to
any criminal Proceeding, had no reasonable cause to believe his conduct was
unlawful.

     

    (b)           Proceedings by or in the
Right of the Corporation.  Indemnitee shall be entitled to the
rights of indemnification provided in this Section 2(b) if, by
reason of his Corporate Status, he is, or is threatened to be made, a party to
or participant in any Proceeding brought by or in the right of the Corporation
to procure a judgment in its favor.  Pursuant to this Section 2(b),
Indemnitee shall be indemnified against all Expenses actually and reasonably
incurred by him or on his behalf in connection with such Proceeding if he acted
in good faith and in a manner he reasonably believed to be in or not opposed to
the best interests of the Corporation; provided, however, that, if applicable
law so provides, no indemnification against such Expenses shall be made in
respect of any claim, issue or matter in such Proceeding as to which Indemnitee
shall have been finally adjudged to be liable to the Corporation unless and to
the extent that the Court of Chancery of the State of Delaware shall determine,
upon application that, despite the adjudication of liability but in view of all
the circumstances of the case, the Indemnitee is fairly and reasonably entitled
to indemnity for such Expenses which the Delaware Court of Chancery or such
other court shall deem proper.

     

    3.       
    Additional Indemnification.

     

    (a)          Additional
Indemnity.  In addition to, and without regard to any
limitations on, the indemnification provided for in Section 2, the
Corporation shall and hereby does indemnify and hold harmless Indemnitee to the
fullest extent authorized or permitted by law against all Expenses actually and
reasonably incurred by him or on his behalf if, by reason of his Corporate
Status he is, or is threatened to be made, a party to or participant in any
Proceeding (including a Proceeding by or in the right of the Corporation
).

     

    (b)          Limitations on Additional
Indemnity.

     

    (i)           Excluded Action or
Omissions.  No indemnification pursuant to Section 3(a)
hereof shall be paid by the Corporation to indemnify Indemnitee for Expenses
resulting from acts, omissions or transactions for which Indemnitee is
prohibited from receiving indemnification under this Agreement, the Certificate
or Bylaws, or applicable law; provided, however, notwithstanding any limitation
set forth in this Section 3(b)(i)
regarding the Corporation’s obligation to provide indemnification, Indemnitee
shall be entitled under Section 8 to receive
Expense Advances hereunder with respect to any such Proceeding unless and until
a court having jurisdiction over the Proceeding shall have made a final judicial
determination (as to which all rights of appeal therefrom have been exhausted or
lapsed) that Indemnitee has engaged in acts, omissions or transactions for which
Indemnitee is prohibited from receiving indemnification under this Agreement or
applicable law.

    
      
         

      

      
        6

        
          

        

      

      
         

      

    

    (ii)           Claims Under Exchange
Act.  No indemnification pursuant to Section 3(a)
hereof shall be paid by the Corporation to indemnify Indemnitee for (i) Expenses
and the payment of profits arising from the purchase and sale by Indemnitee of
securities in violation of Section 16(b) of the Exchange Act, or any similar
successor statute or similar provisions of any Federal, state or local statutory
law, or (ii) any reimbursement of the Corporation by the Indemnitee of any bonus
or other incentive-based or equity-based compensation or of any profits realized
by the Indemnitee from the sale of securities of the Corporation, as required in
each case under the Exchange Act (including any such reimbursements that arise
from an accounting restatement of the Corporation pursuant to Section 304 of the
Sarbanes-Oxley Act of 2002 (the “Sarbanes-Oxley Act”), or the
payment to the Corporation of profits arising from the purchase and sale by
Indemnitee of securities in violation of Section 306 of the Sarbanes-Oxley Act);
provided, however, that notwithstanding any limitation set forth in this Section 3(b)(ii)
regarding the Corporation’s obligation to provide indemnification, Indemnitee
shall be entitled under Section 8 to receive
Expense Advances hereunder with respect to any such Proceeding unless and until
a court having jurisdiction over the Proceeding shall have made a final judicial
determination (as to which all rights of appeal therefrom have been exhausted or
lapsed) that Indemnitee has violated said statute.

     

    (iii)           Lack of Good
Faith.  No indemnification pursuant to Section 3(a)
hereof shall be paid by the Corporation to indemnify Indemnitee for any Expenses
incurred by the Indemnitee with respect to any action instituted (A) by
Indemnitee to enforce or interpret this Agreement, if a court having
jurisdiction over such action determines as provided in Section 10 that each
of the material assertions made by the Indemnitee as a basis for such action was
not made in good faith or was frivolous, or (B) by or in the name of the
Corporation to enforce or interpret this Agreement, if a court having
jurisdiction over such action determines as provided in Section 10 that each of
the material defenses asserted by Indemnitee in such action was made in bad
faith or was frivolous.

     

    (iv)           Proceedings Initiated by
Indemnitee.  No indemnification pursuant to Section 3(a)
hereof shall be paid by the Corporation to indemnify or make Expense Advances to
Indemnitee with respect to Proceedings initiated or brought voluntarily by
Indemnitee and not by way of defense, counterclaim or crossclaim, except (A)
with respect to actions or proceedings brought to establish or enforce a right
to indemnification or Expense Advances under this Agreement or any other
agreement or insurance policy or under the Certificate or Bylaws, (B) in
specific cases if the Board of Directors has approved the initiation or bringing
of such Proceeding or (C) as otherwise required under Section 145 of the DGCL,
regardless of whether Indemnitee ultimately is determined to be entitled to such
indemnification, Expense Advance or insurance recovery, as the case may
be.

    
      
         

      

      
        7

        
          

        

      

      
         

      

    

    (c)          Mandatory Payment of
Expenses.  Notwithstanding any other provision of this
Agreement, to the extent that Indemnitee has been successful on the merits or
otherwise, including, without limitation, the dismissal of an action without
prejudice, in the defense of any Proceeding or in the defense of any claim,
issue or matter therein, Indemnitee shall be indemnified against all Expenses
incurred by Indemnitee in connection therewith.

     

    4.           Contribution
in the Event of Joint Liability.

     

    (a)          Other Parties Jointly
Liable.  The Corporation hereby agrees to fully indemnify and
hold Indemnitee harmless from any claims of contribution which may be brought by
officers, directors or employees of the Corporation who may be jointly liable
with Indemnitee.

     

    (b)          Corporation Jointly Liable;
Full Payment.  Whether or not the indemnification provided in
Sections 2 and
3 hereof is available, in respect of any Proceeding in which the
Corporation is jointly liable with Indemnitee (or would be if joined in such
action, suit or proceeding), the Corporation shall pay, in the first instance,
the entire amount of all Expenses relating to such Proceeding without requiring
Indemnitee to contribute to such payment and the Corporation hereby waives and
relinquishes any right of contribution it may have against
Indemnitee.  The Corporation shall not enter into any settlement of
any Proceeding in which the Corporation is jointly liable with Indemnitee (or
would be if joined in such Proceeding) unless such settlement provides for a
full and final release of all claims asserted against Indemnitee.

     

    (c)          Corporation Jointly Liable;
Shared Payment.  Without diminishing or impairing the
obligations of the Corporation set forth in the preceding subparagraph, if, for
any reason, Indemnitee shall elect or be required to pay all or any portion of
any Expenses in any threatened, pending or completed Proceeding in which
Corporation is jointly liable with Indemnitee (or would be if joined in such
Proceeding), the Corporation shall contribute to the amount of Expenses actually
incurred and paid or payable by Indemnitee in proportion to the relative
benefits received by the Corporation and all officers, directors or employees of
the Corporation other than Indemnitee who are jointly liable with him (or would
be if joined in such Proceeding), on the one hand, and Indemnitee, on the other
hand, from the transaction from which such Proceeding arose; provided, however,
that the proportion determined on the basis of relative benefit may, to the
extent necessary to conform to law, be further adjusted by reference to the
relative fault of the Corporation and all officers, directors or employees of
the Corporation other than Indemnitee who are jointly liable with Indemnitee (or
would be if joined in such Proceeding), on the one hand, and Indemnitee, on the
other hand, in connection with the events that resulted in such Expenses,
judgments, penalties, fines or settlement amounts, as well as any other
equitable considerations which the law may require to be
considered.  The relative fault of the Corporation and all officers,
directors or employees of the Corporation other than Indemnitee who are jointly
liable with him (or would be if joined in such Proceeding), on the one hand, and
Indemnitee, on the other hand, shall be determined by reference to, among other
things, the degree to which their actions were motivated by intent to gain
personal profit or advantage, the degree to which their liability is primary or
secondary, and the degree to which their conduct is active or
passive.

    
      
         

      

      
        8

        
          

        

      

      
         

      

    

    (d)           Registration of
Securities.  In connection with the registration of the
Corporation’s securities, the relative benefits received by the Corporation and
Indemnitee shall be deemed to be in the same respective proportions that the net
proceeds from the offering (before deducting expenses) received by the
Corporation and the Indemnitee, in each case as set forth in the table on the
cover page of the applicable prospectus, bear to the aggregate public offering
price of the securities so offered.  The relative fault of the
Corporation and Indemnitee shall be determined by reference to, among other
things, whether the untrue or alleged untrue statement of a material fact or the
omission or alleged omission to state a material fact relates to information
supplied by the Corporation or Indemnitee and the parties’ relative intent,
knowledge, access to information and opportunity to correct or prevent such
statement or omission.

     

    (e)           Equitable
Considerations.  The Corporation and Indemnitee agree that it
would not be just and equitable if contribution pursuant to this Section 4(e) were
determined by pro rata or per capita allocation or by any other method of
allocation which does not take account of the equitable considerations referred
to in the immediately preceding paragraph.  In connection with any
registration of the Corporation’s securities, in no event and notwithstanding
the other provisions of this Section 4(e) shall an
Indemnitee be required to contribute any amount hereunder in excess of the
lesser of (i) that proportion of the total of such losses, claims, damages or
liabilities indemnified against equal to the proportion of the total securities
sold under such registration statement that is being sold by Indemnitee or (ii)
the proceeds received by Indemnitee from its sale of securities under such
registration statement. No person found guilty of fraudulent misrepresentation
(within the meaning of Section 10(f) of the Securities Act) shall be entitled to
contribution from any person who was not found guilty of such fraudulent
misrepresentation.

     

    (f)           Survival Regardless of
Investigation.  The indemnification and contribution provided
for herein will remain in full force and effect regardless of any investigation
made by or on behalf of Indemnitee or any officer, director, employee, agent or
controlling person of Indemnitee.

     

    5.           Maintenance
of D&O Insurance.

     

    The
Corporation hereby covenants and agrees that, so long as the Indemnitee shall
continue to serve as a member of its Board of Directors or an officer, employee,
controlling person, agent or fiduciary of the Corporation and thereafter so long
as the Indemnitee shall be subject to any possible Proceeding by reason of the
fact that the Indemnitee was a member of its Board of Directors or an officer,
employee, controlling person, agent or fiduciary of the Corporation, the
Corporation shall promptly maintain in full force and effect directors’ and
officers’ liability insurance (“D&O Insurance”) in
reasonable amounts from established and reputable insurers, provided that D&O
Insurance is available to the Corporation on commercially reasonable
terms.  In all policies of D&O Insurance, the Indemnitee shall be
named as an insured in such a manner as to provide the Indemnitee the same
rights and benefits as are accorded to the most favorably insured of the
Corporation’s directors, if the Indemnitee is a director; or of the
Corporation’s officers, if the Indemnitee is not a director of the corporation
but is an officer; or of the Corporation’s key employees, if the Indemnitee is
not a director or officer of the Corporation.  If the Corporation
decides to allow D&O Insurance coverage to lapse because D&O Insurance
is not available to the Corporation on commercially reasonable terms, the
Corporation shall so notify Indemnitee as soon as reasonably
practicable.  Upon any Change in Control, the Corporation shall obtain
continuation and/or “tail” coverage for Indemnitee for a period of no less than
six years following the date of such Change in Control.

     

    
      
        
        

      

      
        9

        
          

        

      

      
        
        

      

    

     

    6.           Security;
Establishment of a Trust.

     

    (a)           Security.  To
the extent requested by Indemnitee and (i) approved by the Board or (ii) in the
event of a Threatened Change in Control or a Change in Control, the Corporation
shall at any time and from time to time provide security to Indemnitee for the
Corporation’s obligations hereunder through an irrevocable bank line of credit,
funded trust, letter of credit or other collateral or financing arrangement
(each such security arrangement, the “Security”).  The
Security, once provided to Indemnitee, may not be revoked or released without
the prior written consent of Indemnitee.  The Security shall be in an
amount sufficient to satisfy any and all Expenses reasonably anticipated at the
time of each such request to be incurred in connection with investigating,
preparing for, participating in or defending any Proceedings, and any and all
judgments, fines, penalties and amounts paid in settlement (including all
interest, assessments and other charges paid or payable in connection with or in
respect of such judgments, fines penalties and amounts paid in settlement) in
connection with any and all Proceedings from time to time actually paid or
claimed, reasonably anticipated or proposed to be paid.  The amount or
amounts of such Security shall be determined by mutual agreement of the
Indemnitee and the Corporation or, if the Corporation and the Indemnitee are
unable to reach such an agreement, by Independent Legal Counsel selected in
accordance with Section 9(c)
hereof.

     

    (b)           Establishment of a
Trust.  To the extent the Corporation provides the Security
pursuant to Section 6(a) in the form of a funded trust (the “Trust”), the Corporation may,
in its discretion, establish one collective trust  for the benefit of
all persons who may have rights similar to those of the Indemnitee and the Trust
shall form part of such single collective trust.  The trustee of the
Trust (the “Trustee”)
shall be a bank or trust company or other individual or entity chosen by the
Corporation and reasonably acceptable to the Indemnitee.  Nothing in
this Section
6(b) shall relieve the Corporation of any of its obligations under this
Agreement.  The terms of the Trust shall provide that, except upon the
consent of both the Indemnitee and the Corporation, upon a Change in Control (i)
the Trust shall not be revoked or the principal thereof invaded, without the
written consent of the Indemnitee, (ii) the Trustee shall advance, within two
(2) business days of a request by the Indemnitee and upon the execution and
delivery to the Corporation of an undertaking providing that the Indemnitee
undertakes to repay the advance to the extent that it is ultimately determined
that Indemnitee is not entitled to be indemnified by the Corporation, any and
all Expenses to the Indemnitee, (iii) the Trust shall continue to be funded by
the Corporation in accordance with the funding obligations set forth above, (iv)
the Trustee shall promptly pay to the Indemnitee all amounts for which the
Indemnitee shall be entitled to indemnification pursuant to this Agreement or
otherwise and (v) all unexpended funds in such Trust shall revert to the
Corporation upon mutual agreement by the Indemnitee and the Corporation or, if
the Indemnitee and the Corporation are unable to reach such an agreement, by
Independent Legal Counsel selected in accordance with Section 9(c) hereof,
that the Indemnitee has been fully indemnified under the terms of this
Agreement.  The Trust shall be governed by Delaware law (without
regard to its conflicts of laws rules) and the Trustee shall consent to the
exclusive jurisdiction of the Delaware Court.

     

    
      
        
        

      

      
        10

        
          

        

      

      
        
        

      

    

     

    7.           Choice of
Counsel.

     

    The
Corporation shall have the right to approve Indemnitee’s selection of counsel
with respect to any Proceeding (which approval shall not be unreasonably
withheld and shall only be withheld where there is a conflict of interest with
respect to such counsel and the Corporation under applicable ethical rules or
where such counsel is not experienced in matters of the kind
presented).  Where it is feasible to do so without impairing the
Indemnitee’s ability to defend himself or herself in a Proceeding, Indemnitee
agrees to cooperate with the Corporation to reduce expenses and maximize the
insurance coverage applicable to a particular Proceeding, including without
limitation, by agreeing to be jointly represented by legal counsel with other
directors, officers, employees, agents or fiduciaries of the Corporation who are
also involved with the Proceeding; provided, however, that
nothing in this sentence shall be construed to prevent Indemnitee from retaining
his or her separate counsel, at the expense of the Corporation, where there
would be a conflict of interest, as determined by counsel for Indemnitee, as a
result of any such joint representation.

     

    8.           Advances of
Expenses.

     

    (a)           Payment of
Expenses.  Expenses (other than judgments, penalties, fines and
amounts paid in settlement) incurred by Indemnitee shall be paid by the
Corporation, in advance of the final disposition of the Proceeding, as soon as
practicable but in any event no later than twenty (20) days after receipt of
Indemnitee's written request accompanied by substantiating documentation and
Indemnitee's undertaking to repay such amount to the extent it is ultimately
determined that Indemnitee is not entitled to indemnification in accordance with
the provisions of this Agreement.

     

    (b)           Undertaking.  The
obligation of the Corporation to make an advance payment of Expenses to
Indemnitee pursuant to Section 8(a) (an
“Expense Advance”) shall
be subject to the condition that, if, when and to the extent that a Reviewing
Party determines that Indemnitee would not be permitted to be so indemnified
under applicable law, this Agreement, the Certificate or the Bylaws, the
Corporation shall be entitled to be reimbursed by Indemnitee (who hereby
undertakes and agrees to reimburse the Corporation) for all such amounts
theretofore paid; provided, however, that if Indemnitee has commenced or
thereafter commences legal proceedings in a court of competent jurisdiction to
secure a determination that Indemnitee should be indemnified under applicable
law, this Agreement, the Certificate or the Bylaws, any determination made by
the Reviewing Party that Indemnitee would not be permitted to be indemnified
under applicable law shall not be binding and Indemnitee shall not be required
to reimburse the Corporation for any Expense Advance until a final judicial
determination is made with respect thereto (as to which all rights of appeal
therefrom have been exhausted or lapsed).  Indemnitee’s obligation to
reimburse the Corporation for any Expense Advance shall be unsecured and no
interest shall be charged by the Corporation in connection with any such amounts
determined to be owed by Indemnitee.

     

    
      
        
        

      

      
        11

        
          

        

      

      
        
        

      

    

     

    (c)           Limitation on Expense
Advance.  Notwithstanding any of the foregoing provisions in
this Section 8,
the Corporation shall not be obligated to make an Expense Advance to Indemnitee
in connection with a lawsuit filed directly by the Corporation against
Indemnitee if an absolute majority of the members of the Board of Directors
reasonably determines in good faith, within ten (10) days of Indemnitee’s
request for an Expense Advance, that the facts known to them at the time such
determination is made demonstrate clearly and convincingly that Indemnitee acted
in bad faith after Indemnitee has had an opportunity, with counsel, to present
his case to the Board.  If such a determination is made, Indemnitee
may have such decision reviewed by another forum, in the manner set forth in
Section 10,
with all references therein to “indemnification” being deemed to refer to
“Expense Advance” and the burden of proof shall be on the Corporation to
demonstrate clearly and convincingly that, based on the facts known at the time,
Indemnitee acted in bad faith.  The Corporation may not avail itself
of this Section
8(c) as to a given lawsuit if, at any time after the occurrence of the
activities or omissions that are the primary focus of the lawsuit, the
Corporation has undergone a Change in Control.

     

    9.           Right of Indemnitee to
Indemnification Upon Application; Procedure Upon
Application.  It is the intent of this Agreement to secure for
Indemnitee rights of indemnity that are as favorable as may be permitted under
the law and public policy of the State of Delaware.  Accordingly, the
parties agree that the following procedures and presumptions shall apply in the
event of any question as to whether Indemnitee is entitled to indemnification
under this Agreement:

     

    (a)           Notice.  Indemnitee
shall give the Corporation notice in writing in accordance with Section 19 of
this Agreement as soon as practicable of any Proceeding made against Indemnitee
for which indemnification will or could be sought under this
Agreement.

     

    
      
        
        

      

      
        12

        
          

        

      

      
        
        

      

    

     

    (b)           Reviewing Party/Cooperation
by Indemnitee.  Upon written request by Indemnitee for
indemnification pursuant to the first sentence of Section 9(a) hereof,
a determination, if required by applicable law, with respect to Indemnitee’s
entitlement thereto shall be made in the specific case by one of the following
three methods, which shall be at the election of the Indemnittee, (i) by a
majority of the disinterested directors, even though less than a quorum, (ii) by
Independent Legal Counsel or (iii) by the stockholders.  Indemnitee
shall cooperate with the Reviewing Party and provide to the Reviewing Party upon
reasonable advance request any documentation or information which is reasonably
available to Indemnitee and reasonably necessary to such
determination.  Nothing in this Agreement shall require Indemnitee to
waive any of his rights under the United States Constitution or to provide
information which is privileged or otherwise protected from
disclosure.  Any Independent Legal Counsel, member of the Board, or
stockholder of the Corporation shall act reasonably and in good faith in making
a determination under the Agreement of Indemnitee's entitlement to
indemnification.  Any costs or expenses (including attorneys’ fees and
disbursements) incurred by Indemnitee in so cooperating with the Reviewing Party
shall be borne by the Corporation (irrespective of the determination as to
Indemnitee’s entitlement to indemnification) and the Corporation hereby
indemnifies and agrees to hold Indemnitee harmless therefrom.  If the
Reviewing Party shall not have made a determination within thirty (30) days
after receipt by the Corporation of the request therefor, the requisite
determination of entitlement to indemnification shall be deemed to have been
made and Indemnitee shall be entitled to such indemnification, thereto;
provided, however, that the foregoing provisions of this Section 9(b) shall
not apply if the determination of entitlement to indemnification is to be made
by the stockholders and if within fifteen (15) days after receipt by the
Corporation of the request for such determination the Board resolves to submit
such determination to the stockholders for their consideration at the next
annual meeting thereof and such determination is made thereat.

     

    (c)           Independent Legal
Counsel.  If the determination of entitlement to
indemnification is to be made by Independent Legal Counsel pursuant to Section 9(b) hereof,
the Independent Legal Counsel shall be selected as provided in this Section
9(c).  The Independent Legal Counsel shall be selected by
Indemnitee (unless Indemnitee shall request that such selection be made by the
Board).  Indemnitee or the Corporation, as the case may be, may,
within ten (10) days after such written notice of selection shall have been
given, deliver to the Corporation or to Indemnitee, as the case may be, a
written objection to such selection; provided, however, that such objection may
be asserted only on the ground that the Independent Legal Counsel so selected
does not meet the requirements of “Independent Legal Counsel” as defined in
Section 1(g)
and the objection shall set forth with particularity the factual basis of such
assertion.  Absent a proper and timely objection, the person so
selected shall act as Independent Legal Counsel.  If a written
objection is made and substantiated, the Independent Legal Counsel selected may
not serve as Independent Legal Counsel unless and until such objection is
withdrawn or a court has determined that such objection is without
merit.  If, within thirty (30) days after submission by Indemnitee of
a written request for indemnification pursuant to Section 9(a) hereof,
no Independent Legal Counsel shall have been selected and not objected to,
either the Corporation or Indemnitee may seek judicial resolution of any
objection which shall have been made by the Corporation or Indemnitee to the
other’s selection of Independent Legal Counsel and/or for the appointment as
Independent Legal Counsel of a person selected by the court or by such other
person as the court shall designate, and the person with respect to whom all
objections are so resolved or the person so appointed shall act as Independent
Legal Counsel under Section 9(b)
hereof.  The Corporation shall pay any and all reasonable fees and
expenses of Independent Legal Counsel incurred by such Independent Legal Counsel
in connection with acting pursuant to Section 9(b) hereof,
and the Corporation shall pay all reasonable fees and expenses incident to the
procedures of this Section 9(c),
regardless of the manner in which such Independent Legal Counsel was selected or
appointed.

     

    
      
        
        

      

      
        13

        
          

        

      

      
        
        

      

    

     

    (d)           Presumption in Favor of
Indemnification.  In making a determination with respect to
entitlement to indemnification hereunder, the Reviewing Party shall presume that
Indemnitee is entitled to indemnification under this agreement if Indemnitee has
submitted a request for indemnification in accordance with Section
9(a).  For purposes of this Agreement, the termination of any
Proceeding by judgment, order, settlement (whether with or without court
approval) or conviction, or upon a plea of nolo contendere, or its equivalent,
shall not create a presumption that Indemnitee did not meet any particular
standard of conduct or have any particular belief or that a court has determined
that indemnification is not permitted by applicable law.  In addition,
neither the failure of the Reviewing Party to have made a determination as to
whether Indemnitee has met any particular standard of conduct or had any
particular belief, nor an actual determination by the Reviewing Party that
Indemnitee has not met such standard of conduct or did not have such belief,
prior to the commencement of legal proceedings by Indemnitee to secure a
judicial determination that Indemnitee should be indemnified under applicable
law, shall be a defense to Indemnitee's claim or create a presumption that
Indemnitee has not met any particular standard of conduct or did not have any
particular belief. In connection with any determination by the Reviewing Party
or otherwise as to whether Indemnitee is entitled to be indemnified hereunder,
the burden of proof and the burden of persuasion, by clear and convincing
evidence, shall be on the Corporation to establish that Indemnitee is not so
entitled.

     

    (e)           Presumption of Good
Faith.  Indemnitee shall be presumed to have acted in good
faith if Indemnitee’s action is based on the records or books of account of the
Corporation, including financial statements, or on information supplied to
Indemnitee by the officers of the Corporation in the course of their duties, or
on the advice of legal counsel for the Corporation or on information or records
given or reports made to the Corporation by an independent certified public
accountant, by a financial advisor or by an appraiser or other expert selected
with reasonable care by the Corporation.  In addition, the knowledge
and/or actions, or failure to act, of any other director, officer, manager,
trustee, partner, managing member, fiduciary, agent or employee of the
Corporation shall not be imputed to Indemnitee for purposes of determining the
right to indemnification under this Agreement.  Whether or not the
foregoing provisions of this Section 9(e) are
satisfied, it shall in any event be presumed (unless there is clear and
convincing evidence to the contrary) that Indemnitee has at all times acted in
good faith and in a manner he reasonably believed to be in or not opposed to the
best interests of the Corporation.  Anyone seeking to overcome this
presumption shall have the burden of proof and the burden of persuasion, by
clear and convincing evidence.

     

    (f)           Presumption for
Settlements.  The Corporation acknowledges that a settlement or
other disposition short of final judgment may be successful if it permits a
party to avoid expense, delay, distraction, disruption and
uncertainty.  In the event that any action, claim or proceeding to
which Indemnitee is a party is resolved in any manner other than by adverse
judgment against Indemnitee (including, without limitation, settlement of such
action, claim or proceeding with or without payment of money or other
consideration) it shall be presumed (unless there is clear and convincing
evidence to the contrary) that Indemnitee has been successful on the merits or
otherwise in such action, suit or proceeding.  Anyone seeking to
overcome this presumption shall have the burden of proof and the burden of
persuasion, by clear and convincing evidence.

     

    
      
        
        

      

      
        14

        
          

        

      

      
        
        

      

    

     

    (g)           Notice to
Insurers.  If, at the time of the receipt by the Corporation of
a notice of a Proceeding pursuant to Section 9(a) hereof,
the Corporation has liability insurance in effect which may cover such
Proceeding, the Corporation shall give prompt notice of the commencement of such
Proceeding to the insurers in accordance with the procedures set forth in each
of the Corporation's policies.  The Corporation shall thereafter take
all necessary or desirable action to cause such insurers to pay, on behalf of
Indemnitee, all amounts payable as a result of such action, suit, proceeding,
inquiry or investigation in accordance with the terms of such
policies.

     

    10.           Remedies.

     

    (a)           Adjudication of
Entitlement.  In the event that (i) a determination is made
pursuant to Section
9 that Indemnitee is not entitled to indemnification under this
Agreement, (ii) an Expense Advance is not timely made pursuant to Section 8, (iii) no
determination of entitlement to indemnification shall have been made pursuant to
Section 9(b)
within thirty (30) days after receipt by the Corporation of the request for
indemnification, (iv) payment of indemnification is not made pursuant to this
Agreement within twenty (20) days after receipt by the Corporation of a written
request therefor, or (v) payment of indemnification is not made within twenty
(20) days after a determination has been made that Indemnitee is entitled to
indemnification or such determination is deemed to have been made pursuant to
Section 9,
Indemnitee shall be entitled to an adjudication of his entitlement to such
indemnification.  The Corporation shall not oppose Indemnitee’s right
to seek any such adjudication.

     

    (b)           Determination of Not
Entitled. In the event that a determination shall have been made pursuant
to Section 9(b)
that Indemnitee is not entitled to indemnification, any judicial proceeding
commenced pursuant to this Section 10 shall be
conducted in all respects as a de novo trial, on the merits and Indemnitee shall
not be prejudiced in any way by reason of that adverse
determination.

     

    (c)           Determination of
Entitled. If a determination shall have been made pursuant to Section 9(b) that
Indemnitee is entitled to indemnification, the Corporation shall be bound by
such determination in any judicial proceeding commenced pursuant to this Section 10, absent
(i) a misstatement by Indemnitee of a material fact, or omission of a material
fact necessary to make Indemnitee’s statement not materially misleading, in
connection with the request for indemnification or (ii) a prohibition of such
indemnification under applicable law.

     

    (d)           Expenses Incurred in Action
to Enforce or Interpret.  The Corporation shall also indemnify
and hold harmless Indemnitee to the fullest extent authorized or permitted by
law against all Expenses and, in accordance with Section 8, also
advance such Expenses to Indemnitee that are actually and reasonably incurred by
Indemnitee in connection with any judicial proceeding brought by Indemnitee (i)
to establish or enforce Indemnitee’s rights under, or to recover damages for
breach of, this Agreement or any other indemnification, advancement or
contribution agreement or provision of the Certificate or Bylaws, or (ii) to
recover under any directors’ and officers’ liability insurance policies
maintained by the Corporation; regardless of whether Indemnitee ultimately is
determined to be entitled to such indemnification, advancement of expenses,
contribution or insurance recovery.

     

    
      
        
        

      

      
        15

        
          

        

      

      
        
        

      

    

     

    (e)           Interest.  Interest
shall be paid by the Corporation to Indemnitee at the legal rate under Delaware
law for amounts which the Corporation indemnifies or is obliged to indemnify for
the period commencing with the date on which Indemnitee requests indemnification
(or reimbursement or advancement of any Expenses) and ending with the date on
which such payment is made to Indemnitee by the Corporation.

     

    11.           Indemnification Hereunder Not
Exclusive.  The indemnification and advancement of expenses
provided by this Agreement shall not be deemed exclusive of any other rights to
which Indemnitee may be entitled under the Certificate, the Bylaws, the DGCL,
any D&O Insurance, any agreement, or otherwise, both as to action in
Indemnitee's official capacity and as to action in another capacity while
holding such office.  However, Indemnitee shall reimburse the
Corporation for amounts paid to Indemnitee pursuant to such other rights to the
extent such payments duplicate any payments received pursuant to this
Agreement.

     

    12.           Continuation of
Indemnity.  All agreements and obligations of the Corporation
contained herein shall continue during the period Indemnitee is a director,
officer, employee or agent of the Corporation (or is or was serving at the
request of the Corporation as a director, officer, employee, controlling person,
agent or fiduciary of another corporation, partnership, joint venture, trust,
limited liability company or other enterprise) and shall continue thereafter so
long as Indemnitee shall be subject to any possible Proceeding by reason of the
fact that Indemnitee was a member of its Board of Directors or an officer,
employee, controlling person, agent or fiduciary of the Corporation or serving
in any other capacity referred to herein.

     

    13.           Partial
Indemnification.  If Indemnitee is entitled under any provision
of this Agreement to indemnification by the Corporation for some or a portion of
Expenses, but not, however, for the total amount thereof, the Corporation shall
nevertheless indemnify Indemnitee for the portion of such Expenses to which
Indemnitee is entitled.

     

    14.           Indemnification for Expenses as a
Witness.  Notwithstanding any other provision of this
Agreement, to the extent that Indemnitee is, by reason of his Corporate Status,
a witness in any Proceeding to which Indemnitee is not a party, Indemnitee shall
be indemnified against all Expenses actually and reasonably incurred by
Indemnitee or on Indemnitee’s behalf in connection therewith.

     

    15.           Settlement of
Claims.  The Corporation shall not be liable to indemnify
indemnitee under this Agreement for any amounts paid in settlement of any
Proceeding effected without the Corporation's prior written
consent.  The Corporation shall not settle any Proceeding in any
manner which would impose any penalty or limitation on Indemnitee without
Indemnitee's prior written consent.  Neither the Corporation nor
Indemnitee will unreasonably withhold or delay their consent to any proposed
settlement.  The Corporation shall not be liable to indemnify
Indemnitee under this Agreement with regard to any judicial award if the
Corporation was not given a reasonable and timely opportunity, at its expense,
to participate in the defense of such action.

     

    
      
        
        

      

      
        16

        
          

        

      

      
        
        

      

    

     

    16.           Enforcement.  The
Corporation expressly confirms and agrees that it has entered into this
Agreement and assumed the obligations imposed on the Corporation hereby in order
to induce Indemnitee to serve as a director, officer, manager, employee, agent
or fiduciary of the Corporation, and acknowledges that Indemnitee is relying
upon this Agreement in continuing as a director, officer, manager, employee,
agent or fiduciary.

     

    17.           Governing Law; Venue; Binding Effect;
Amendment and Termination.

     

    (a)           Governing
Law.  This Agreement shall be interpreted and enforced in
accordance with the laws of the State of Delaware.

     

    (b)           Venue.  The
Corporation and Indemnitee each hereby irrevocably consent to the jurisdiction
of the state and federal courts located in the State of Delaware for all
purposes in connection with any action or proceeding which arises out of or
relates to this Agreement and agree that any action instituted under this
Agreement shall be commenced, prosecuted and continued only in the State of
Delaware, and each party hereto specifically waives the right to seek transfer
of any action or proceeding out of the designated forum pursuant to 28 U.S.C.
Sections 1404 and 1406, any state forum non conveniens statute
or the common law doctrine of forum non
conveniens.

     

    (c)           Binding Effect; Successors
and Assigns.  This Agreement shall be binding upon the
Corporation, its successors and assigns, and shall inure to the benefit of
Indemnitee, Indemnitee’s heirs, personal representatives and assigns and to the
benefit of the Corporation, its successors and assigns.  The
Corporation shall require and cause any successor (whether direct or indirect,
and whether by purchase, merger, consolidation or otherwise) to all,
substantially all, or a substantial part, of the business or assets of the
Corporation, by written agreement in form and substance satisfactory to
Indemnitee, expressly to assume and agree to perform this Agreement in the same
manner and to the same extent that the Corporation would be required to perform
if no such succession had taken effect.

     

    (d)           Amendment.  No
amendment, modification, termination or cancellation of this Agreement shall be
effective unless in writing signed by the Corporation and
Indemnitee.

     

    18.           Severability.  If
any provision of this Agreement shall be held to be invalid, illegal or
unenforceable (a) the validity, legality and enforceability of the
remaining provisions of this Agreement shall not be in any way affected or
impaired thereby, and (b) to the fullest extent authorized or permitted by
law, the provisions of this Agreement shall be construed so as to give effect to
the intent manifested by the provision held invalid, illegal or
unenforceable.  Each section of this Agreement is a separate and
independent portion of this Agreement.  If the indemnification to
which Indemnitee is entitled with respect to any aspect of any claim varies
between two or more sections of this Agreement, that section providing the most
comprehensive indemnification shall apply.

     

    
      
        
        

      

      
        17

        
          

        

      

      
        
        

      

    

     

    19.           Notice.  Notice to
the Corporation shall be directed to Royal Gold, Inc., 1660 Wynkoop Street,
Suite 1000, Denver, Colorado 80202, Attention: General
Counsel.  Notice to Indemnitee shall be directed to the address set
forth under Indemnitee's signature hereto.  The foregoing addresses
may be changed from time to time by the addressee upon notice to the other
parties.  Notice shall be deemed received three days after the date
postmarked if sent by prepaid mail, properly addressed.

     

    20.           Counterparts.  This
Agreement may be executed in any number of counterparts and by different parties
on separate counterparts, each of which, when executed and delivered, shall be
deemed to be an original, and all of which, when taken together, shall
constitute but one and the same Agreement.  Delivery of an executed
counterpart of this Agreement by telefacsimile shall be equally as effective as
delivery of a manually executed counterpart of this Agreement.  Any
party delivering an executed counterpart of this Agreement by telefacsimile also
shall deliver a manually executed counterpart of this Agreement but the failure
to deliver a manually executed counterpart shall not affect the validity,
enforceability, and binding effect of this Agreement.

     

    21.           No Construction as Employment
Agreement.  Nothing contained in this Agreement shall be
construed as giving the Indemnitee any right to be retained in the employ of the
Corporation or any of its subsidiaries.

     

    22.           Entire Agreement. The Prior
Agreement is hereby amended and restated in its entirety and shall be of no
further force and effect.  This Agreement constitutes the entire
agreement between the parties hereto with respect to the subject matter hereof
and supercedes any prior written or oral communications, understandings or
agreements relating to such subject matter.

     

    23.           Subrogation.  In the
event of payment under this Agreement, the Corporation shall be subrogated to
the extent of such payment to all of the rights of recovery of the
Indemnitee.  Indemnitee agrees to execute all documents and to perform
all acts that may be reasonably necessary to secure such rights and to enable
the Corporation effectively to bring suit to enforce such rights.

     

    24.           No Duplication of
Payments.  The Corporation shall not be liable under this
Agreement to make any payment in connection with any claim made against the
Indemnitee to the extent the Indemnitee has otherwise actually received payment
from or on behalf of the Corporation (under any insurance policy, provision of
the Certificate or Bylaws or otherwise) of the amounts otherwise payable
hereunder.

     

    25.           Period of Limitations. No
legal action shall be brought and no cause of action shall be asserted by or in
the right of the Corporation against the Indemnitee, Indemnitee’s estate,
spouse, heirs, executors or personal or legal representatives after the
expiration of two years from the date of accrual of such cause of action, and
any claim or cause of action of the Corporation shall be extinguished and deemed
released unless asserted by the timely filing of a legal action within such two
year period; provided,
however, that if any shorter period of limitations is otherwise
applicable to any such cause of action, such shorter period shall
govern.

     

    [SIGNATURE
PAGE FOLLOWS]

     

    
      
         

      

      
        18

        
          

        

      

      
         

      

    

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

     

    
      
        
          	
                  COMPANY:

                
	 
      
	
                  ROYAL
      GOLD, INC.

                
	
                  a
      Delaware corporation

                
	 
      
	
                  By:

                	
                   

                
	
                  Name:

                
	
                  Title:

                

        

      

    

     

    
      
        
          
            
              
                	
                        INDEMNITEE:

                      
	 
      	 
      
	
                        Signature:

                      	 
      
	 
      	 
      
	
                        Name:

                      	 
      

              

            

          

        

      

      

      
        
          
            
              
                	
                        Address:

                      	 
      
	 
      	 
      

              

            

          

        

      

      

        
          
             

          

          
            19Unassociated Document

    Exhibit 10.1

       

      HANA
BIOSCIENCES, INC.

      2010
EQUITY INCENTIVE PLAN

      

      SECTION
1.

      DEFINITIONS

       

      As used herein, the following terms
shall have the meanings indicated below:

      

      (a)       
   “Administrator” shall mean the Board of
Directors of the Company, or one or more Committees appointed by the Board, as
the case may be.

       

      (b)       
   “Affiliate(s)” shall mean a
Parent or Subsidiary of the Company.

       

      (c)       
   “Award”
shall mean any grant of an Option, Restricted Stock Award, Restricted Stock Unit
Award, Stock Appreciation Right or Performance Award.

       

      (d)       
   “Change of
Control” shall mean the occurrence, in a single transaction or in a
series of related transactions, of any one or more of the following
events.  For purposes of this definition, a person, entity or group shall
be deemed to “Own,” to
have “Owned,” to be the
“Owner” of, or to have
acquired “Ownership” of
securities if such person, entity or group directly or indirectly, through any
contract, arrangement, understanding, relationship or otherwise, has or shares
voting power, which includes the power to vote or to direct the voting, with
respect to such securities.

       

      (i)       
   Any person, entity or group becomes the Owner, directly or
indirectly, of securities of the Company representing more than fifty percent
(50%) of the combined voting power of the Company’s then outstanding securities
other than by virtue of a merger, consolidation or similar transaction. 
Notwithstanding the foregoing, a Change in Control shall not be deemed to occur
(A) on account of the acquisition of securities of the Company by an investor,
any affiliate thereof or any other person, entity or group from the Company in a
transaction or series of related transactions the primary purpose of which is to
obtain financing for the Company through the issuance of equity securities or
(B) solely because the level of Ownership held by any person, entity or group
(the “Subject Person”)
exceeds fifty percent (50%) of the outstanding voting securities as a result of
a repurchase or other acquisition of voting securities by the Company reducing
the number of shares outstanding, provided that if a Change in Control would
occur (but for the operation of this sentence) as a result of the acquisition of
voting securities by the Company, and after such share acquisition, the Subject
Person becomes the Owner of any additional voting securities that, assuming the
repurchase or other acquisition had not occurred, increases the percentage of
the then outstanding voting securities Owned by the Subject Person to more than
fifty percent (50%), then a Change in Control shall be deemed to
occur;

       

      (ii)     
     There is consummated a merger, consolidation or similar
transaction involving (directly or indirectly) the Company and, immediately
after the consummation of such merger, consolidation or similar transaction, the
stockholders of the Company immediately prior thereto do not Own, directly or
indirectly, either (A) outstanding voting securities representing more than
fifty percent (50%) of the combined outstanding voting power of the surviving
entity in such merger, consolidation or similar transaction or (B) more than
fifty percent (50%) of the combined outstanding voting power of the parent of
the surviving entity in such merger, consolidation or similar transaction, in
each case in substantially the same proportions as their Ownership of the
outstanding voting securities of the Company immediately prior to such
transaction;

      
        
           

        

        
           

          
            

          

        

        
           

        

      

      (iii)     
   There is consummated a sale, lease, exclusive license or other
disposition of all or substantially all of the total gross value of the
consolidated assets of the Company and its subsidiaries, other than a sale,
lease, license or other disposition of all or substantially all of total gross
value of the consolidated assets of the Company and its subsidiaries to an
entity, more than fifty percent (50%) of the combined voting power of the voting
securities of which are Owned by stockholders of the Company in substantially
the same proportions as their Ownership of the outstanding voting securities of
the Company immediately prior to such sale, lease, license or other disposition
(for purposes of this Section 1(d)(iii), “gross value” means the value of the
assets of the Company or the value of the assets being disposed of, as the case
may be, determined without regard to any liabilities associated with such
assets); or

       

      (iv)     
    Individuals who, at the beginning of any consecutive twelve-month
period, are members of the Board (the “Incumbent Board”) cease for
any reason to constitute at least a majority of the members of the Board at any
time during that consecutive twelve-month period; provided, however, that if
the appointment or election (or nomination for election) of any new Board member
was approved or recommended by a majority vote of the members of the Incumbent
Board then still in office or stockholders of the Company at the beginning of
such twelve-month period, such new member shall, for purposes of this Plan, be
considered as a member of the Incumbent Board.

       

      For the
avoidance of doubt, the term Change in Control shall not include a sale of
assets, merger or other transaction effected exclusively for the purpose of
changing the domicile of the Company.  To the extent required, the
determination of whether a Change of Control has occurred shall be made in
accordance with Internal Revenue Code Section 409A and the regulations, notices
and other guidance of general applicability issued thereunder.

      

      (e)       
   “Committee”
shall mean a Committee of two or more directors who shall be appointed by and
serve at the pleasure of the Board.  To the extent necessary for compliance
with Rule 16b-3, or any successor provision, each of the members of the
Committee shall be a “non-employee director.”  Solely for purposes of this
Section 1(e), “non-employee director” shall have the same meaning as set forth
in Rule 16b-3 under the Exchange Act, or any successor provision, as then in
effect.

       

      (f)       
    The “Company” shall mean Hana
Biosciences, Inc., a Delaware corporation.

       

      (g)       
   “Exchange
Act” means the Securities Exchange Act of 1934, as amended, and the rules
and regulations of the Securities and Exchange Commission promulgated
thereunder.

      
        
           

        

        
          2

          
            

          

        

        
           

        

      

      (h)       
   “Fair Market
Value” as of any date shall mean (i) if such stock is listed on the
Nasdaq Global Select Market, Nasdaq Global Market, Nasdaq Capital Market
(“collectively, the “Nasdaq”) or another
established stock exchange, the price of such stock at the close of the regular
trading session of such market or exchange on such date, as reported by
Bloomberg or a comparable reporting service, or, if no sale of such stock shall
have occurred on such date, on the next preceding date on which there was a sale
of stock; (ii) if such stock is quoted by the OTC Bulletin Board, the price of
such stock at the close of the regular trading session of the OTC Bulletin Board
on such date, as reported by Bloomberg or a comparable reporting service, or if
no sale of such stock shall have occurred on such date, on the next preceding
date on which there was a sale of stock; provided, however, that if
there are not reported sales on the OTC Bulletin Board, then the price of such
stock shall be the average of the closing “bid” and “asked” prices quoted on the
OTC Bulletin Board on such date; (iii) if such stock is not listed on the Nasdaq
or another established exchange and is not quoted on the OTC Bulletin Board, the
price of such stock the average of the closing “bid” and “asked” prices quoted
by the National Quotation Bureau, or any comparable reporting service on such
date or, if there are no quoted “bid” and “asked” prices on such date, on the
next preceding date for which there are such quotes; or (iii) if such stock is
not publicly traded as of such date, the per share value as determined by the
Board, or the Committee, in its sole discretion by applying principles of
valuation with respect to the Company’s Common Stock.

       

      (i)      
     “Incentive
Stock Option” means an Option that qualifies as an “incentive stock
option” within the meaning of Section 422 of the Code and the rules and
regulations promulgated thereunder.

       

      (j)      
     The “Internal Revenue Code” or
“Code” is the Internal
Revenue Code of 1986, as amended from time to time.

       

      (k)       
   “Nonqualified
Stock Option” means an Option that does not, at the time of grant or
thereafter, qualify as an Incentive Stock Option.

       

      (l)      
     “Option” means an Incentive
Stock Option or Nonqualified Stock Option to purchase shares of Common Stock
pursuant to the Plan.

       

      (m)       
  “Parent” shall
mean any corporation which owns, directly or indirectly in an unbroken chain,
fifty percent (50%) or more of the total voting power of the Company’s
outstanding stock.

       

      (n)       
   “Participant” means (i) a key
employee or officer of the Company or any Affiliate to whom an Incentive Stock
Option has been granted pursuant to Section 9; (ii) a consultant or advisor to,
or director, key employee or officer, of the Company or any Affiliate to whom a
Nonqualified Stock Option has been granted pursuant to Section 10; (iii) a
consultant or advisor to, or director, key employee or officer, of the Company
or any Affiliate to whom a Restricted Stock Award or Restricted Stock Unit Award
has been granted pursuant to Section 11; (iv) a consultant or advisor to, or
director, key employee or officer, of the Company or any Affiliate to whom a
Performance Award has been granted pursuant to Section 12; or (v) a consultant
or advisor to, or director, key employee or officer, of the Company or any
Affiliate to whom a Stock Appreciation Right has been granted pursuant to
Section 13.

      
        
           

        

        
          3

          
            

          

        

        
           

        

      

      (o)       
   “Performance
Award” shall mean any Performance Shares or Performance Units granted
pursuant to Section 12 hereof.

       

      (p)       
   “Performance
Objective(s)” shall mean one or more performance objectives established
by the Administrator, in its sole discretion, for Awards granted under this
Plan.

       

      (q)       
   “Performance
Period” shall mean the period, established at the time any Performance
Award is granted or at any time thereafter, during which any Performance
Objectives specified by the Administrator with respect to such Performance Award
are to be measured.

       

      (r)       
   “Performance
Share” shall mean any grant pursuant to Section 12 hereof of an Award,
which value, if any, shall be paid to a Participant by delivery of shares of
Common Stock of the Company upon achievement of such Performance Objectives
during the Performance Period as the Administrator shall establish at the time
of such grant or thereafter.

       

      (s)       
   “Performance
Unit” shall mean any grant pursuant to Section 12 hereof of an Award,
which value, if any, shall be paid to a Participant by delivery of cash upon
achievement of such Performance Objectives during the Performance Period as the
Administrator shall establish at the time of such grant or
thereafter.

       

      (t)      
     The “Plan” means the Hana
Biosciences, Inc. 2010 Equity Incentive Plan, as amended hereafter from time to
time, including the form of Agreements as they may be modified by the
Administrator from time to time.

       

      (u)       
   “Restricted Stock
Award” or “Restricted
Stock Unit Award” shall mean any grant of restricted shares of Stock of
the Company or the grant of any restricted stock units pursuant to Section 11
hereof.

       

      (v)       
   “Securities
Act” means the Securities Act of 1933, as amended.

       

      (w)       
   “Stock,”
“Option Stock” or “Common Stock” shall mean
Common Stock of the Company (subject to adjustment as described in Section
14).

       

      (x)       
   “Stock
Appreciation Right” shall mean a grant pursuant to Section 13
hereof.

       

      (y)       
   A “Subsidiary” shall mean any
corporation of which fifty percent (50%) or more of the total voting power of
the Company’s outstanding Stock is owned, directly or indirectly in an unbroken
chain, by the Company.

       

      SECTION
2.

      PURPOSE

       

      The purpose of the Plan is to promote
the success of the Company and its Affiliates by facilitating the employment and
retention of competent personnel and by furnishing incentive to officers,
directors, employees, consultants, and advisors upon whose efforts the success
of the Company and its Affiliates will depend to a large
degree.

      
        
           

        

        
          4

          
            

          

        

        
           

        

      

      

      It is the intention of the Company to
carry out the Plan through the granting of Options which will qualify as
“incentive stock options” under the provisions of Section 422 of the Internal
Revenue Code, or any successor provision, pursuant to Section 9 of this Plan;
through the granting of Nonqualified Stock Options pursuant to Section 10 of
this Plan; through the granting of Restricted Stock Awards and Restricted Stock
Unit Awards pursuant to Section 11 of this Plan; through the granting of
Performance Awards pursuant to Section 12 of this Plan; and through the granting
of Stock Appreciation Rights pursuant to Section 13 of this Plan.  Adoption
of this Plan shall be and is expressly subject to the condition of approval by
the stockholders of the Company within twelve (12) months before or after the
adoption of the Plan by the Board of Directors.  Awards may be granted
prior to the date this Plan is approved by the stockholders of the Company;
provided, however, that
any Incentive Stock Options granted after adoption of the Plan by the Board of
Directors shall be treated as Nonqualified Stock Options if stockholder approval
is not obtained within such twelve-month period.

      

      SECTION
3.

      EFFECTIVE DATE OF
PLAN

       

      The Plan shall be effective as of the
date of adoption by the Board of Directors, subject to approval by the
stockholders of the Company as required in Section 2.

      

      SECTION
4.

      ADMINISTRATION

       

      The Plan shall be administered by the
Board of Directors of the Company (hereinafter referred to as the “Board”) or by a Committee
which may be appointed by the Board from time to time to administer the Plan
(hereinafter collectively referred to as the “Administrator”).  Except
as otherwise provided herein, the Administrator shall have all of the powers
vested in it under the provisions of the Plan, including but not limited to
exclusive authority to determine, in its sole discretion, whether an Award shall
be granted; the individuals to whom, and the time or times at which, Awards
shall be granted; the number of shares subject to each Award; the option price;
and the performance criteria, if any, and any other terms and conditions of each
Award.  The Administrator shall have full power and authority to administer
and interpret the Plan, to make and amend rules, regulations and guidelines for
administering the Plan, to prescribe the form and conditions of the respective
agreements evidencing each Award (which may vary from Participant to
Participant), and to make all other determinations necessary or advisable for
the administration of the Plan.  The Administrator’s interpretation of the
Plan, and all actions taken and determinations made by the Administrator
pursuant to the power vested in it hereunder, shall be conclusive and binding on
all parties concerned.

      

      No member of the Board or the Committee
shall be liable for any action taken or determination made in good faith in
connection with the administration of the Plan.  In the event the Board
appoints a Committee as provided hereunder, any action of the Committee with
respect to the administration of the Plan shall be taken pursuant to a majority
vote of the Committee members or pursuant to the written resolution of all
Committee members.

      
        
           

        

        
          5

          
            

          

        

        
           

        

      

      

      SECTION
5.

      PARTICIPANTS

       

      The Administrator shall from time to
time, at its discretion and without approval of the stockholders, designate
those employees, officers, directors, consultants, and advisors of the Company
or of any Affiliate to whom Awards shall be granted under this Plan; provided, however, that,
subject to express exceptions, if any, as the Administrator may establish, the
eligibility shall be further limited to those persons as to whom the use of a
Form S-8 registration statement is permissible.  The Administrator shall,
from time to time, at its discretion and without approval of the stockholders,
designate those employees of the Company or any Affiliate to whom Awards,
including Incentive Stock Options shall be granted under this Plan.  The
Administrator may grant additional Awards, including Incentive Stock Options,
under this Plan to some or all Participants then holding Awards, or may grant
Awards solely or partially to new Participants. In designating Participants, the
Administrator shall also determine the number of shares to be optioned or
awarded to each such Participant and the performance criteria applicable to each
Performance Award. The Administrator may from time to time designate individuals
as being ineligible to participate in the Plan.

      

      SECTION
6.

      STOCK

       

      The Stock to be optioned under this
Plan shall consist of authorized but unissued shares of Common Stock. The
maximum aggregate number of shares of Stock reserved and available for Awards
under the Plan is Eight Million (8,000,000) shares; provided, however, that all
shares of Stock reserved and available under the Plan shall constitute the
maximum aggregate number of shares of Stock that may be issued through Incentive
Stock Options. The following shares of Stock shall continue to be reserved and
available for Awards granted pursuant to the Plan: (i) any outstanding Award
that expires for any reason, (ii) any portion of an outstanding Option or Stock
Appreciation Right that is terminated prior to exercise, (iii) any portion of an
Award that is terminated prior to the lapsing of the risks of forfeiture on such
Award, (iv) shares of Stock used to pay the exercise price under any Award, (v)
shares of Stock used to satisfy any tax withholding obligation attributable to
any Award, whether such shares are withheld by the Company or tendered by the
Participant, and (vi) shares of Stock covered by an Award to the extent the
Award is settled in cash.

      

      SECTION
7.

      DURATION OF
PLAN

       

      Incentive stock options may be granted
pursuant to the Plan from time to time during a period of ten (10) years from
the effective date as defined in Section 3.  Other Awards may be granted
pursuant to the Plan from time to time after the effective date of the Plan and
until the Plan is discontinued or terminated by the
Administrator.

      
        
           

        

        
          6

          
            

          

        

        
           

        

      

      

      SECTION
8.

      PAYMENT

       

      Participants may pay for shares upon
exercise of Options granted pursuant to this Plan  (i) in cash, or with a
personal check or certified check, (ii) by the transfer from the Participant to
the Company of previously acquired shares of Common Stock, (iii) through the
withholding of shares of Stock from the number of shares otherwise issuable upon
the exercise of the Option (e.g., a net share
settlement), (iv) through broker-assisted cashless exercise, or (v) by a
combination thereof. Any stock tendered as part of such payment shall be
valued at such stock’s then Fair Market Value, or such other form of payment as
may be authorized by the Administrator.  In the event the Optionee elects
to pay the exercise price in whole or in part with previously acquired shares of
Common Stock or through a net share settlement, the Fair Market Value of the
shares of Stock delivered or withheld shall equal the total exercise price for
the shares being purchased in such manner.  The Administrator may, in its
sole discretion, limit the forms of payment available to the Participant and may
exercise such discretion any time prior to the termination of the Option granted
to the Participant or upon any exercise of the Option by the Participant. 
“Previously-owned shares” means shares of the Company’s Common Stock which the
Participant has owned for at least six (6) months prior to the exercise of the
Option, or for such other period of time, if any, as may be required by
generally accepted accounting principles.

      

      With respect to payment in the form of
Common Stock of the Company, the Administrator may require advance approval or
adopt such rules as it deems necessary to assure compliance with Rule 16b-3
under the Exchange Act, or any successor provision, if applicable.

      

      SECTION
9.

      TERMS AND CONDITIONS OF
INCENTIVE STOCK OPTIONS

       

      Each Incentive Stock Option granted
pursuant to this Section 9 shall be evidenced by a written agreement (the “Incentive Stock Option Agreement”).  The
Incentive Stock Option Agreement shall be in such form as may be approved from
time to time by the Administrator and may vary from Participant to Participant;
provided, however, that
each Participant and each Incentive Stock Option Agreement shall comply with and
be subject to the following terms and conditions:

      

      (a)       
   Number of
Shares and Option Price.  The Incentive Stock Option Agreement shall
state the total number of shares covered by the Incentive Stock Option. 
Except as permitted by Code Section 424(a), or any successor provision, the
option price per share shall not be less than one hundred percent (100%) of the
per share Fair Market Value of the Common Stock on the date the Administrator
grants the Option; provided,
however, that if a Participant owns stock possessing more than ten
percent (10%) of the total combined voting power of all classes of stock of the
Company or of its Parent or any Subsidiary, the option price per share of an
Incentive Stock Option granted to such Participant shall not be less than one
hundred ten percent (110%) of the per share Fair Market Value of the Company’s
Common Stock on the date of the grant of the Option.  The Administrator
shall have full authority and discretion in establishing the option price and
shall be fully protected in so doing.

      
        
           

        

        
          7

          
            

          

        

        
           

        

      

      (b)       
   Term and
Exercisability of Incentive Stock Option.  The term during which any
Incentive Stock Option granted under the Plan may be exercised shall be
established in each case by the Administrator.  Except as permitted by Code
Section 424(a), in no event shall any Incentive Stock Option be exercisable
during a term of more than ten (10) years after the date on which it is granted;
provided, however, that
if a Participant owns stock possessing more than ten percent (10%) of the total
combined voting power of all classes of stock of the Company or of its Parent or
any Subsidiary, the Incentive Stock Option granted to such Participant shall be
exercisable during a term of not more than five (5) years after the date on
which it is granted.

       

      The
Incentive Stock Option Agreement shall state when the Incentive Stock Option
becomes exercisable and shall also state the maximum term during which the
Option may be exercised.  In the event an Incentive Stock Option is
exercisable immediately, the manner of exercise of the Option in the event it is
not exercised in full immediately shall be specified in the Incentive Stock
Option Agreement.  The Administrator may accelerate the exercisability of
any Incentive Stock Option granted hereunder which is not immediately
exercisable as of the date of grant.

      

      (c)       
   Nontransferability. 
No Incentive Stock Option shall be transferable, in whole or in part, by the
Participant other than by will or by the laws of descent and distribution. 
During the Participant’s lifetime, the Incentive Stock Option may be exercised
only by the Participant.  If the Participant shall attempt any transfer of
any Incentive Stock Option granted under the Plan during the Participant’s
lifetime, such transfer shall be void and the Incentive Stock Option, to the
extent not fully exercised, shall terminate.

       

      (d)       
   No Rights
as Stockholder.  A Participant (or the Participant’s successor or
successors) shall have no rights as a stockholder with respect to any shares
covered by an Incentive Stock Option until the date of the issuance of a stock
certificate evidencing such shares.  No adjustment shall be made for
dividends (ordinary or extraordinary, whether in cash, securities or other
property), distributions or other rights for which the record date is prior to
the date such stock certificate is actually issued (except as otherwise provided
in Section 14 of the Plan).

       

      (e)       
   Withholding. 
The Company or its Affiliate shall be entitled to withhold and deduct from any
future payments to the Participant all legally required amounts necessary to
satisfy any and all withholding and employment-related taxes attributable to the
Participant’s exercise of an Incentive Stock Option or a “disqualifying
disposition” of shares acquired through the exercise of an Incentive Stock
Option as defined in Code Section 421(b).  In the event the Participant is
required under the Incentive Stock Option Agreement to pay the Company, or make
arrangements satisfactory to the Company respecting payment of, such withholding
and employment-related taxes, the Administrator may, in its discretion and
pursuant to such rules as it may adopt, permit the Participant to satisfy such
obligation, in whole or in part, by delivering shares of the Company’s Common
Stock or by electing to have the Company withhold shares of Common Stock
otherwise issuable to the Participant as a result of the exercise of the
Incentive Stock Option.  Such shares shall have a Fair Market Value equal
to the minimum required tax withholding, based on the minimum statutory
withholding rates for federal and state tax purposes, including payroll taxes,
that are applicable to the supplemental income resulting from such exercise or
disqualifying disposition.  In no event may the Participant deliver shares,
nor may the Company or any Affiliate withhold shares, having a Fair Market Value
in excess of such statutory minimum required tax withholding.  The
Participant’s election to have shares withheld for this purpose shall be made on
or before the later of (i) the date the Incentive Stock Option is exercised or
the date of the disqualifying disposition, as the case may be, or (ii) the date
that the amount of tax to be withheld is determined under applicable tax
law.  Such election shall be approved by the Administrator and otherwise
comply with such rules as the Administrator may adopt to assure compliance with
Rule 16b-3 under the Exchange Act, or any successor provision, as then in
effect, if applicable.

      
        
           

        

        
          8

          
            

          

        

        
           

        

      

      (f)       
   Other
Provisions.  The Incentive Stock Option Agreement authorized under
this Section 9 shall contain such other provisions as the Administrator shall
deem advisable.  Any such Incentive Stock Option Agreement shall contain
such limitations and restrictions upon the exercise of the Option as shall be
necessary to ensure that such Option will be considered an “incentive stock
option” as defined in Section 422 of the Internal Revenue Code or to conform to
any change therein.

       

      SECTION
10.

      TERMS AND CONDITIONS OF
NONQUALIFIED STOCK OPTIONS

       

      Each Nonqualified Stock Option granted
pursuant to this Section 10 shall be evidenced by a written agreement (a “Nonqualified Stock Option Agreement”).  The
Nonqualified Stock Option Agreement shall be in such form as may be approved
from time to time by the Administrator and may vary from Participant to
Participant; provided,
however, that each Participant and each Nonqualified Stock Option
Agreement shall comply with and be subject to the following terms and
conditions:

      

      (a)       
   Number of
Shares and Option Price.  The Nonqualified Stock Option Agreement
shall state the total number of shares covered by the Nonqualified Stock
Option.  Unless otherwise determined by the Administrator, the option price
per share shall be one hundred percent (100%) of the per share Fair Market Value
of the Common Stock on the date the Administrator grants the
Option.

       

      (b)       
   Term and
Exercisability of Nonqualified Stock Option.  The term during which
any Nonqualified Stock Option granted under the Plan may be exercised shall be
established in each case by the Administrator.  The Nonqualified Stock
Option Agreement shall state when the Nonqualified Stock Option becomes
exercisable and shall also state the maximum term during which the Option may be
exercised.  In the event a Nonqualified Stock Option is exercisable
immediately, the manner of exercise of the Option in the event it is not
exercised in full immediately shall be specified in the Nonqualified Stock
Option Agreement.   The Administrator may accelerate the
exercisability of any Nonqualified Stock Option granted hereunder which is not
immediately exercisable as of the date of grant.

       

      (c)       
   Transferability. 
A Nonqualified Stock Option shall be transferable, in whole or in part, by the
Participant by will or by the laws of descent and distribution.  In
addition, the Administrator may, in its sole discretion, permit the Participant
to transfer any or all Nonqualified Stock Options to any member of the
Participant’s “immediate family” as such term is defined in Rule 16a-1(e) under
the Exchange Act, or any successor provision, or to one or more trusts whose
beneficiaries are members of such Participant’s “immediate family” or
partnerships in which such family members are the only partners; provided, however, that the
Participant cannot receive any consideration for the transfer and such
transferred Nonqualified Stock Option shall continue to be subject to the same
terms and conditions as were applicable to such Nonqualified Stock Option
immediately prior to its transfer.

      
        
           

        

        
          9

          
            

          

        

        
           

        

      

      (d)       
   No Rights
as Stockholder.  A Participant (or the Participant’s successor or
successors) shall have no rights as a stockholder with respect to any shares
covered by a Nonqualified Stock Option until the date of the issuance of a stock
certificate evidencing such shares.  No adjustment shall be made for
dividends (ordinary or extraordinary, whether in cash, securities or other
property), distributions or other rights for which the record date is prior to
the date such stock certificate is actually issued (except as otherwise provided
in Section 14 of the Plan).

       

      (e)       
   Withholding. 
The Company or its Affiliate shall be entitled to withhold and deduct from any
future payments to the Participant all legally required amounts necessary to
satisfy any and all withholding and employment-related taxes attributable to the
Participant’s exercise of a Nonqualified Stock Option.  In the event the
Participant is required under the Nonqualified Stock Option Agreement to pay the
Company, or make arrangements satisfactory to the Company respecting payment of,
such withholding and employment-related taxes, the Administrator may, in its
discretion and pursuant to such rules as it may adopt, permit the Participant to
satisfy such obligation, in whole or in part, by delivering shares of the
Company’s Common Stock or by electing to have the Company withhold shares of
Common Stock otherwise issuable to the Participant as a result of the exercise
of the Nonqualified Stock Option.  Such shares shall have a Fair Market
Value equal to the minimum required tax withholding, based on the minimum
statutory withholding rates for federal and state tax purposes, including
payroll taxes, that are applicable to the supplemental income resulting from
such exercise.  In no event may the Participant deliver shares, nor may the
Company or any Affiliate withhold shares, having a Fair Market Value in excess
of such statutory minimum required tax withholding.  The Participant’s
election to deliver shares or to have shares withheld for this purpose shall be
made on or before the later of (i) the date the Nonqualified Stock Option is
exercised, or (ii) the date that the amount of tax to be withheld is determined
under applicable tax law.  Such election shall be approved by the
Administrator and otherwise comply with such rules as the Administrator may
adopt to assure compliance with Rule 16b-3 under the Exchange Act, or any
successor provision, as then in effect, if applicable.

       

      (f)      
     Other
Provisions.  The Nonqualified Stock Option Agreement authorized
under this Section 10 shall contain such other provisions as the Administrator
shall deem advisable.

       

      SECTION
11.

      RESTRICTED STOCK AND
RESTRICTED STOCK UNIT AWARDS

       

      Each Restricted Stock Award or
Restricted Stock Unit Award granted pursuant to the Plan shall be evidenced by a
written restricted stock or restricted stock unit agreement (the “Restricted Stock Agreement” or
“Restricted Stock Unit
Agreement,” as the case may be).  The Restricted Stock Agreement or
Restricted Stock Unit Agreement shall be in such form as may be approved from
time to time by the Administrator and may vary from Participant to Participant;
provided, however, that
each Participant and each Restricted Stock Agreement or Restricted Stock Unit
Agreement shall comply with and be subject to the following terms and
conditions:

      
        
           

        

        
          10

          
            

          

        

        
           

        

      

      

      (a)       
   Number of
Shares.  The Restricted Stock Agreement or Restricted Stock Unit
Agreement shall state the total number of shares of Stock covered by the
Restricted Stock Award or Restricted Stock Unit Award.

       

      (b)       
   Risks of
Forfeiture.  The Restricted Stock Agreement or Restricted Stock Unit
Agreement shall set forth the risks of forfeiture, if any, including risks of
forfeiture based on Performance Objectives, which shall apply to the shares of
Stock covered by the Restricted Stock Award or Restricted Stock Unit Award, and
shall specify the manner in which such risks of forfeiture shall lapse. 
The Administrator may, in its sole discretion, modify the manner in which such
risks of forfeiture shall lapse but only with respect to those shares of Stock
which are restricted as of the effective date of the modification.

       

      (c)       
   Issuance
of Shares; Rights as Stockholder.

       

      (i)      
     With respect to a Restricted Stock Award, the Company shall
cause to be issued a stock certificate representing such shares of Stock in the
Participant’s name, and shall hold such certificate until such time as the risks
of forfeiture on such shares have lapsed.  The Company may also place a
legend on such certificate describing the risks of forfeiture and other transfer
restrictions set forth in the Participant’s Restricted Stock Agreement and
providing for the cancellation and return of such certificate if the shares of
Stock subject to the Restricted Stock Award are forfeited.  Until the risks
of forfeiture have lapsed or the shares subject to such Restricted Stock Award
have been forfeited, the Participant shall be entitled to vote the shares of
Stock represented by such stock certificates and shall receive all dividends
attributable to such shares, but the Participant shall not have any other rights
as a stockholder with respect to such shares.

       

      (ii)     
     With respect to a Restricted Stock Unit Award, as the risks
of forfeiture on the restricted stock units lapse, the Participant shall be
entitled to payment of the Restricted Stock Units.  The Administrator may,
in its sole discretion, pay Restricted Stock Units in cash, shares of Stock or
any combination thereof.  If payment is made in shares of Stock, the
Administrator shall cause to be issued one or more stock certificates in the
Participant’s name and shall deliver such certificates to the Participant in
satisfaction of such restricted stock units.  Until the risks of forfeiture
on the restricted stock units have lapsed, the Participant shall not be entitled
to vote any shares of stock which may be acquired through the restricted stock
units, shall not receive any dividends attributable to such shares, and shall
not have any other rights as a stockholder with respect to such
shares.

      
        
           

        

        
          11

          
            

          

        

        
           

        

      

      (d)       
   Withholding
Taxes.  The Company or its Affiliate shall be entitled to withhold
and deduct from any future payments to the Participant all legally required
amounts necessary to satisfy any and all withholding and employment-related
taxes attributable to the Participant’s Restricted Stock Award or Restricted
Stock Unit Award.  In the event the Participant is required under the
Restricted Stock Agreement or Restricted Stock Unit Agreement to pay the
Company, or make arrangements satisfactory to the Company respecting payment of,
such withholding and employment-related taxes, the Administrator may, in its
discretion and pursuant to such rules as it may adopt, require the Participant
to satisfy such obligations, in whole or in part, by delivering shares of Common
Stock, including shares of Stock received pursuant to the Restricted Stock Award
or Restricted Stock Unit Award on which the risks of forfeiture have
lapsed.  Such shares shall have a Fair Market Value equal to the minimum
required tax withholding, based on the minimum statutory withholding rates for
federal and state tax purposes, including payroll taxes, that are applicable to
the supplemental income resulting from the lapsing of the risks of forfeiture on
such restricted stock or restricted stock unit.  In no event may the
Participant deliver shares having a Fair Market Value in excess of such
statutory minimum required tax withholding.  The Participant’s election to
deliver shares of Common Stock for this purpose shall be made on or before the
date that the amount of tax to be withheld is determined under applicable tax
law.  Such election shall be approved by the Administrator and otherwise
comply with such rules as the Administrator may adopt to assure compliance with
Rule 16b-3 under the Exchange Act, or any successor provision, as then in
effect, if applicable.

       

      (e)       
   Nontransferability. 
No Restricted Stock Award or Restricted Stock Unit Award shall be transferable,
in whole or in part, by the Participant, other than by will or by the laws of
descent and distribution, prior to the date the risks of forfeiture described in
the Restricted Stock Agreement or Restricted Stock Unit Agreement have
lapsed.  If the Participant shall attempt any transfer of any Restricted
Stock Award or Restricted Stock Unit Award granted under the Plan prior to such
date, such transfer shall be void and the Restricted Stock Award or Restricted
Stock Unit Award shall terminate.

       

      (f)      
     Other
Provisions.  The Restricted Stock Agreement or Restricted Stock Unit
Agreement authorized under this Section 11 shall contain such other provisions
as the Administrator shall deem advisable.

       

      SECTION
12.

      PERFORMANCE
AWARDS

       

      Each Performance Award granted pursuant
to this Section 12 shall be evidenced by a written performance award agreement
(the “Performance Award
Agreement”).  The Performance Award Agreement shall be in such form
as may be approved from time to time by the Administrator and may vary from
Participant to Participant; provided, however, that each
Participant and each Performance Award Agreement shall comply with and be
subject to the following terms and conditions:

      

      (a)       
   Awards. 
Performance Awards in the form of Performance Units or Performance Shares may be
granted to any Participant in the Plan. Performance Units shall consist of
monetary awards which may be earned or become vested in whole or in part if the
Company or the Participant achieves certain Performance Objectives established
by the Administrator over a specified Performance Period.  Performance
Shares shall consist of shares of Stock or other Awards denominated in shares of
Stock that may be earned or become vested in whole or in part if the Company or
the Participant achieves certain Performance Objectives established by the
Administrator over a specified Performance Period.

      
        
           

        

        
          12

          
            

          

        

        
           

        

      

      (b)       
   Performance Objectives, Performance Period and Payment.  The
Performance Award Agreement shall set forth:

       

      (i)       
    the number of Performance Units or Performance Shares subject to
the Performance Award, and the dollar value of each Performance
Unit;

       

      (ii)     
    one or more Performance Objectives established by the
Administrator;

       

      (iii)     
   the Performance Period over which Performance Units or Performance
Shares may be earned or may become vested;

       

      (iv)     
    the extent to which partial achievement of the Performance
Objectives may result in a payment or vesting of the Performance Award, as
determined by the Administrator; and

       

      (v)           the
date upon which payment of Performance Units will be made or Performance Shares
will be issued, as the case may be, and the extent to which such payment or the
receipt of such Performance Shares may be deferred.

       

      (c)       
   Withholding
Taxes.  The Company or its Affiliates shall be entitled to withhold
and deduct from any future payments to the Participant all legally required
amounts necessary to satisfy any and all withholding and employment-related
taxes attributable to the Participant’s Performance Award.  In the event
the Participant is required under the Performance Award Agreement to pay the
Company or its Affiliates, or make arrangements satisfactory to the Company or
its Affiliates respecting payment of, such withholding and employment-related
taxes, the Administrator may, in its discretion and pursuant to such rules as it
may adopt, permit the Participant to satisfy such obligations, in whole or in
part, by delivering shares of Common Stock, including shares of Stock received
pursuant to the Performance Award.  Such shares shall have a Fair Market
Value equal to the minimum required tax withholding, based on the minimum
statutory withholding rates for federal and state tax purposes, including
payroll taxes.  In no event may the Participant deliver shares having a
Fair Market Value in excess of such statutory minimum required tax
withholding.  The Participant’s election to deliver shares of Common Stock
for this purpose shall be made on or before the date that the amount of tax to
be withheld is determined under applicable tax law.  Such election shall be
approved by the Administrator and otherwise comply with such rules as the
Administrator may adopt to assure compliance with Rule 16b-3 under the Exchange
Act, or any successor provision, as then in effect, if applicable.

       

      (d)       
   Nontransferability. 
No Performance Award shall be transferable, in whole or in part, by the
Participant, other than by will or by the laws of descent and
distribution.  If the Participant shall attempt any transfer of any
Performance Award granted under the Plan, such transfer shall be void and the
Performance Award shall terminate.

       

      (e)       
   No Rights
as Stockholder.  A Participant (or the Participant’s successor or
successors) shall have no rights as a stockholder with respect to any shares
covered by a Performance Award until the date of the issuance of a stock
certificate evidencing such shares.  No adjustment shall be made for
dividends (ordinary or extraordinary, whether in cash, securities or other
property), distributions or other rights for which the record date is prior to
the date such stock certificate is actually issued (except as otherwise provided
in Section 14 of the Plan).

      
        
           

        

        
          13

          
            

          

        

        
           

        

      

      (f)      
     Other
Provisions.  The Performance Award Agreement authorized under this
Section 12 shall contain such other provisions as the Administrator shall deem
advisable.

       

      SECTION
13.

      STOCK APPRECIATION
RIGHTS

       

      Each Stock Appreciation Right granted
pursuant to this Section 13 shall be evidenced by a written stock appreciation
right agreement (the “Stock
Appreciation Right Agreement”).  The Stock Appreciation Right
Agreement shall be in such form as may be approved from time to time by the
Administrator and may vary from Participant to Participant; provided, however, that each
Participant and each Stock Appreciation Right Agreement shall comply with and be
subject to the following terms and conditions:

      

      (a)       
   Awards.  A Stock
Appreciation Right shall entitle the Participant to receive, upon exercise,
cash, shares of Stock, or any combination thereof, having a value equal to the
excess of (i) the Fair Market Value of a specified number of shares of Stock on
the date of such exercise, over (ii) a specified exercise price.  Unless
otherwise determined by the Administrator, the specified exercise price shall
not be less than 100% of the Fair Market Value of such shares of Stock on the
date of grant of the Stock Appreciation Right.

       

      (b)       
   Term and
Exercisability.  The term during which any Stock Appreciation Right
granted under the Plan may be exercised shall be established in each case by the
Administrator.  The Stock Appreciation Right Agreement shall state when the
Stock Appreciation Right becomes exercisable and shall also state the maximum
term during which such Stock Appreciation Right may be exercised.  In the
event a Stock Appreciation Right is exercisable immediately, the manner of
exercise of such Stock Appreciation Right in the event it is not exercised in
full immediately shall be specified in the Stock Appreciation Right
Agreement.  The Administrator may accelerate the exercisability of any
Stock Appreciation Right granted hereunder which is not immediately exercisable
as of the date of grant.

       

      (c)       
   Withholding
Taxes.  The Company or its Affiliate shall be entitled to withhold
and deduct from any future payments to the Participant all legally required
amounts necessary to satisfy any and all withholding and employment-related
taxes attributable to the Participant’s Stock Appreciation Right.  In the
event the Participant is required under the Stock Appreciation Right to pay the
Company or its Affiliate, or make arrangements satisfactory to the Company or
its Affiliate respecting payment of, such withholding and employment-related
taxes, the Administrator may, in its discretion and pursuant to such rules as it
may adopt, permit the Participant to satisfy such obligation, in whole or in
part, by delivering shares of the Company’s Common Stock or by electing to have
the Company withhold shares of Common Stock otherwise issuable to the
Participant as a result of the exercise of the Stock Appreciation Right. 
Such shares shall have a Fair Market Value equal to the minimum required tax
withholding, based on the minimum statutory withholding rates for federal and
state tax purposes, including payroll taxes, that are applicable to the
supplemental income resulting from such exercise.  In no event may the
Participant deliver shares, nor may the Company or any Affiliate withhold
shares, having a Fair Market Value in excess of such statutory minimum required
tax withholding.  The Participant’s election to deliver shares or to have
shares withheld for this purpose shall be made on or before the later of (i) the
date the Stock Appreciation Right is exercised, or (ii) the date that the amount
of tax to be withheld is determined under applicable tax law.  Such
election shall be approved by the Administrator and otherwise comply with such
rules as the Administrator may adopt to assure compliance with Rule 16b-3 under
the Exchange Act, or any successor provision, as then in effect, if
applicable.

      
        
           

        

        
          14

          
            

          

        

        
           

        

      

      (d)       
   Nontransferability. 
No Stock Appreciation Right shall be transferable, in whole or in part, by the
Participant, other than by will or by the laws of descent and
distribution.  If the Participant shall attempt any transfer of any Stock
Appreciation Right granted under the Plan, such transfer shall be void and the
Stock Appreciation Right shall terminate.

       

      (e)       
   No Rights
as Stockholder.  A Participant (or the Participant’s successor or
successors) shall have no rights as a stockholder with respect to any shares
covered by a Stock Appreciation Right until the date of the issuance of a stock
certificate evidencing such shares.  No adjustment shall be made for
dividends (ordinary or extraordinary, whether in cash, securities or other
property), distributions or other rights for which the record date is prior to
the date such stock certificate is actually issued (except as otherwise provided
in Section 14 of the Plan).

       

      (f)       
   Other
Provisions.  The Stock Appreciation Right Agreement authorized under
this Section 13 shall contain such other provisions as the Administrator shall
deem advisable, including but not limited to any restrictions on the exercise of
the Stock Appreciation Right which may be necessary to comply with Rule 16b-3
under the Exchange Act as then in effect.

       

      SECTION
14.

      RECAPITALIZATION, SALE,
MERGER, EXCHANGE OR LIQUIDATION

       

      In the event of an increase or decrease
in the number of shares of Common Stock resulting from a stock dividend, stock
split, reverse split, combination or reclassification of the Common Stock, or
any other increase or decrease in the number of issued shares of Common Stock
effected without receipt of consideration by the Company, the Board may, in its
sole discretion, adjust the number of shares of Stock reserved under Section 6
hereof, the number of shares of Stock covered by each outstanding Award, and, if
applicable, the price per share thereof to reflect such change.  Additional
shares which may become covered by the Award pursuant to such adjustment shall
be subject to the same restrictions as are applicable to the shares with respect
to which the adjustment relates.

      

      Unless otherwise provided in the
agreement evidencing an Award, in the event of a Change of Control, the Board
may provide for one or more of the following:

      

      (a)       
   the acceleration of the exercisability of any outstanding Options
or Stock Appreciation Rights, the vesting and payment of any Performance Awards,
or the lapsing of the risks of forfeiture on any Restricted Stock Awards or
Restricted Stock Unit Awards;

      
        
           

        

        
          15

          
            

          

        

        
           

        

      

      (b)       
   the complete termination of this Plan, the cancellation of
outstanding Options or Stock Appreciation Rights not exercised prior to a date
specified by the Board (which date shall give Participants a reasonable period
of time in which to exercise such Option or Stock Appreciation Right prior to
the effective date of such Change of Control), the cancellation of any
Performance Award and the cancellation of any Restricted Stock Awards or
Restricted Stock Unit Awards for which the risks of forfeiture have not
lapsed;

       

      (c)       
   that Participants holding outstanding Options and Stock
Appreciation Rights shall receive, with respect to each share of Stock subject
to such Option or Stock Appreciation Right, as of the effective date of any such
Change of Control, cash in an amount equal to the excess of the Fair Market
Value of such Stock on the date immediately preceding the effective date of such
Change of Control over the price per share of such Options or Stock Appreciation
Rights; provided that the Board may, in lieu of such cash payment, distribute to
such Participants shares of Common Stock of the Company or shares of stock of
any corporation succeeding the Company by reason of such Change of Control, such
shares having a value equal to the amount specified in this Section
14(c);

       

      (d)       
   that Participants holding outstanding Restricted Stock Awards,
Restricted Stock Unit Awards and Performance Share Awards shall receive, with
respect to each share of Stock subject to such Awards, as of the effective date
of any such Change of Control, cash in an amount equal to the Fair Market Value
of such Stock on the date immediately preceding the effective date of such
Change of Control; provided that the Board may, in lieu of such cash payment,
distribute to such Participants shares of Common Stock of the Company or shares
of stock of any corporation succeeding the Company by reason of such Change of
Control, such shares having a value equal to the amount specified in this
Section 14(d);

       

      (e)       
   the continuance of the Plan with respect to the exercise of Options
or Stock Appreciation Rights which were outstanding as of the date of adoption
by the Board of such plan for such Change of Control and the right to exercise
such Options and Stock Appreciation Rights as to an equivalent number of shares
of stock of the corporation succeeding the Company by reason of such Change of
Control; and

       

      (f)      
     the continuance of the Plan with respect to Restricted Stock
Awards or Restricted Stock Unit Awards for which the risks of forfeiture have
not lapsed as of the date of adoption by the Board of such plan for such Change
of Control and the right to receive an equivalent number of shares of stock of
the corporation succeeding the Company by reason of such Change of
Control.

       

      (g)       
   the continuance of the Plan with respect to Performance Awards and,
to the extent applicable, the right to receive an equivalent number of shares of
stock of the corporation succeeding the Company by reason for such Change of
Control.

       

      The Board
need not take the same action with respect to all Awards or with respect to all
Participants.  The Board may restrict the rights of or the applicability of
this Section 14 to the extent necessary to comply with Section 16(b) of the
Exchange Act, the Internal Revenue Code or any other applicable law or
regulation.  The grant of an Award pursuant to the Plan shall not limit in
any way the right or power of the Company to make adjustments,
reclassifications, reorganizations or changes of its capital or business
structure or to merge, exchange or consolidate or to dissolve, liquidate, sell
or transfer all or any part of its business or assets.

      
        
           

        

        
          16

          
            

          

        

        
           

        

      

      

      SECTION
15.

      INVESTMENT
PURPOSE

       

      No shares of Stock shall be issued
pursuant to the Plan unless and until there has been compliance, in the opinion
of Company’s counsel, with all applicable legal requirements, including without
limitation, those relating to securities laws and stock exchange listing
requirements.  As a condition to the issuance of Stock to Participant, the
Administrator may require Participant to (a) represent that the shares of Stock
are being acquired for investment and not resale and to make such other
representations as the Administrator shall deem necessary or appropriate to
qualify the issuance of the shares as exempt from the Securities Act and any
other applicable securities laws, and (b) represent that Participant shall not
dispose of the shares of Stock in violation of the Securities Act or any other
applicable securities laws.

      

      As a further condition to the grant of
any Option or the issuance of Stock to Participant, Participant agrees to the
following:

      

      (a)       
   In the event the Company advises Participant that it plans an
underwritten public offering of its Common Stock in compliance with the
Securities Act and the underwriter(s) seek to impose restrictions under which
certain stockholders may not sell or contract to sell or grant any option to buy
or otherwise dispose of part or all of their stock purchase rights of the Common
Stock underlying Awards, Participant will not, for a period not to exceed 180
days from the prospectus, sell or contract to sell or grant an option to buy or
otherwise dispose of any Option granted to Participant pursuant to the Plan or
any of the underlying shares of Common Stock without the prior written consent
of the underwriter(s) or its representative(s).

       

      (b)       
   In the event the Company makes any public offering of its
securities and determines in its sole discretion that it is necessary to reduce
the number of issued but unexercised stock purchase rights so as to comply with
any state’s securities or Blue Sky law limitations with respect thereto, the
Board of Directors of the Company shall have the right (i) to accelerate the
exercisability of any Option and the date on which such Option must be
exercised, provided that the Company gives Participant prior written notice of
such acceleration, and (ii) to cancel any Options or portions thereof which
Participant does not exercise prior to or contemporaneously with such public
offering.

       

      (c)       
   In the event of a Change of Control, Participant will comply with
Rule 145 under the Securities Act and any other restrictions imposed under other
applicable legal or accounting principles if Participant is an “affiliate” (as
defined in such applicable legal and accounting principles) at the time of the
transaction, and Participant will execute any documents necessary to ensure
compliance with such rules.

       

      The Company reserves the right to place
a legend on any stock certificate issued in connection with an Award pursuant to
the Plan to assure compliance with this Section 15.

      
        
           

        

        
          17

          
            

          

        

        
           

        

      

      

      SECTION
16.

      AMENDMENT OF THE
PLAN

       

      The Board may from time to time,
insofar as permitted by law, suspend or discontinue the Plan or revise or amend
it in any respect; provided,
however, that no such revision or amendment, except as is authorized in
Section 14, shall impair the terms and conditions of any Award which is
outstanding on the date of such revision or amendment to the material detriment
of the Participant without the consent of the Participant.  Notwithstanding
the foregoing, no such revision or amendment shall (i) materially increase the
number of shares subject to the Plan except as provided in Section 14 hereof,
(ii) change the designation of the class of employees eligible to receive
Awards, (iii) decrease the price at which Options may be granted, or (iv)
materially increase the benefits accruing to Participants under the Plan, in
each case, without the approval of the stockholders of the Company if such
approval is required for compliance with the requirements of any applicable law
or regulation or the applicable rules and regulations of any stock exchange on
which the Common Stock is then listed.  Furthermore, the Plan may not,
without the approval of the stockholders, be amended in any manner that will
cause Incentive Stock Options to fail to meet the requirements of Section 422 of
the Internal Revenue Code.

      

      SECTION
17.

      NO OBLIGATION TO EXERCISE
OPTION

       

      The granting of an Option shall impose
no obligation upon the Participant to exercise such Option.  Further,
the granting of an Award hereunder shall not impose upon the Company or any
Affiliate any obligation to retain the Participant in its employ for any
period.

      

      Adopted
by the Board of Directors:  February 16, 2010

      
        
           

        

        
          18

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00168-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00168-of-00352.parquet"}]]