Document:

Exhibit
10.33

INTERCOMPANY
SUBORDINATION AGREEMENT

This INTERCOMPANY
SUBORDINATION AGREEMENT
is entered into as of April 17, 2007 by and among: (A) NEXTERA ENTERPRISES, INC., a Delaware
corporation (hereinafter, together with its successors in title and assigns,
called the “Subordinated Creditor”);
(B) WOODRIDGE LABS, INC. (formerly known as “W Lab Acquisition Corp.”),
a Delaware corporation (hereinafter, together with its successors in title and
assigns, called the “Borrower”),
as a “Debtor” hereunder; and (C) NEWSTAR
FINANCIAL, INC., not in its individual capacity, but in its capacity
as administrative agent for Senior Creditors (hereinafter, together with its
successors in title and assigns as administrative agent for Senior Creditors,
called the “Administrative Agent”).

PRELIMINARY
STATEMENTS

(1)           Upon the terms and subject to the
conditions contained in the Credit Agreement, dated as of March 9, 2006, among
the Borrower, the Subordinated Creditor, the several financial institutions
from time to time party thereto as lenders thereunder, and NewStar Financial,
Inc., as administrative agent for lenders thereunder (as amended, amended and
restated, supplemented or otherwise modified from time to time, the “Senior Credit Agreement”), the
lenders thereunder have agreed to make Loans to the Borrower.

(2)           This Agreement contains terms and
provisions of subordination that are required by Senior Creditors in connection
with financing arrangements governed by the Senior Credit Agreement, and it is
a condition precedent to the making of additional Credit Extensions under the
Senior Credit Agreement, and also to the effectiveness of the Amendment
Agreement, dated as of the date hereof (as amended from time to time, the “2007 Amendment”), by and among the Principal Companies,
the Lenders party thereto, and the Administrative Agent, that the Subordinated
Creditor and the Borrower shall have entered into this Agreement with the
Administrative Agent and shall have agreed to become bound by the terms of
subordination and other provisions contained herein.

(3)           The Subordinated Creditor and the
Borrower have agreed with the Administrative Agent, acting for the benefit of
Senior Creditors, to execute and deliver this Agreement and to become bound by
the terms of subordination and other provisions set forth herein.

NOW,
THEREFORE, in consideration of these premises, the
Subordinated Creditor and the Borrower hereby agree with the Administrative
Agent, acting for the benefit of Senior Creditors, as follows:

ARTICLE 1

DEFINITIONS

SECTION 1.1. 
Definitions in Senior Credit Agreement.  Unless otherwise defined herein, terms
defined in or by reference in the Senior Credit Agreement are used herein as
therein defined.

SECTION 1.2. 
Certain Terms. 
The following terms, when used in this Agreement, including the Preamble
and the Preliminary Statements hereto, shall, except where the context
otherwise requires, have the following meanings:

“Administrative
Agent” has the meaning specified in the Preamble
hereto.

“Agreement”
means this Intercompany Subordination Agreement, as amended, amended and
restated, supplemented or otherwise modified from time to time.

“Borrower”
has the meaning specified in the Preamble hereto.

“Debtors”
means, collectively, the Borrower and each of the other Subsidiary Loan
Parties.

“Enforcement
Action” means, in relation to or with respect to any
Debtor, any of the following:

(a)           the acceleration of the maturity of
all or any part of any Indebtedness of such Debtor;

(b)           the commencement or pursuit of any
action at law or other legal proceeding against such Debtor to collect all or
any part of any Indebtedness of such Debtor, or the enforcement of any other
rights or remedies against such Debtor under or with respect to all or any part
of any Indebtedness of such Debtor, whether by action at law, suit in equity,
arbitration proceedings or any other similar proceedings;

(c)           the realization, foreclosure or other
enforcement of any Liens of any kind on all or any part of any Property of such
Debtor, or the obtaining of payment of any Indebtedness of such Debtor through
exercise of any rights of set-off, counterclaim or cross-claim; or

(d)           the commencement or initiation of any
Insolvency Proceeding against such Debtor, or the joining with any other
creditor or creditors of such Debtor to commence or initiate any Insolvency
Proceeding against such Debtor.

“Extension
of Credit” means the making of any advance or loan or the
extension of any other credit of any kind or character.

“payment
in full” and “paid
in full” mean payment in full in cash.

“payment
or distribution on account of Subordinated Debt” means
any payment or distribution of any kind or character, whether in cash or other
Property, or any combination thereof, and whether voluntary or involuntary, (a)
on account of any principal of (or premium, if any), interest on, or other
amounts owing in respect of all or any part of any Subordinated Debt, or (b) on
account of any purchase, repurchase, redemption, retirement, prepayment,
defeasance or other acquisition for value of any Subordinated Debt.  For purposes of this Agreement, “payments or distributions on account of
Subordinated Debt” shall in any event include: (i) all payments
on account of Subordinated Debt made through exercise of any rights of set-off,
counterclaim or cross-claim; and (ii) all payments on account of Subordinated
Debt made through realization, foreclosure or other enforcement of any Liens of
any kind.

“Senior
Credit Agreement” has the meaning specified in the Preliminary
Statements hereto.

“Senior
Creditors” means,
collectively, (a) the financial institutions from time to time party to the
Senior Credit Agreement or any of the other Loan Documents as “Lenders”
thereunder, (b) the Lender Counterparties, (c) the Administrative Agent, and
(d) any and all other lawful holders from time to time of all or any
part of the Senior Debt.

“Senior
Debt” means, collectively, (a) the Obligations (as that
term is defined in the Senior Credit Agreement), (b) all Indebtedness of the
Borrower or of any of the other Subsidiary Loan Parties under or with respect
to any Senior Extensions of Credit from time to time made pursuant to the
Senior Credit Agreement or any of the other Senior Debt Documents, and (c) all
Indebtedness replacing, refunding or refinancing, in whole or in part, whether
directly or indirectly, and without limitation as to 

 2
 

parties,
maturities, amounts, interest rates or other provisions, any or all of the
Obligations (as defined in the Senior Credit Agreement).

“Senior
Debt Documents”
means, collectively, (a) the Loan Documents (as that term is defined in the
Senior Credit Agreement), and (b) all other Instruments pursuant to which any
Senior Debt shall be deferred, extended, renewed, replaced, refunded or
refinanced, in whole or in part, and without limitation as to parties,
maturities, amounts, interest rates or other provisions.

“Senior
Extensions of Credit” means, collectively: (a) any and
all Loans and other Extensions of Credit made or to be made or otherwise
extended by Senior Creditors under or in respect of the Loan Documents (as
defined in the Senior Credit Agreement) at any time and from time to time on,
prior to or after the date hereof; and (b) any and all other Extensions of
Credit replacing, refunding or refinancing, in whole or in part, whether
directly or indirectly, and without limitation as to parties, maturities,
amounts, interest rates or other provisions, any or all of the Obligations (as
defined in the Senior Credit Agreement).

“Subordinated
Creditor” has the meaning specified in the Preamble
hereto.

“Subordinated
Debt” means, collectively:

(e)           all Indebtedness of the Borrower or
of any of the other Subsidiary Loan Parties to the Subordinated Creditor,
whether direct or indirect, absolute or contingent, joint or several, matured
or unmatured, due or to become due, now existing or at any time or from time to
time hereafter created, incurred or arising, including, without limitation, all
Indebtedness of the Borrower or any of the other Subsidiary Loan Parties with
respect to any Extensions of Credit at any time made by the Subordinated
Creditor to any of the Subsidiary Loan Parties, and all other Indebtedness of
the Borrower or any of the other Subsidiary Loan Parties under or with respect
to any of the Subordinated Debt Documents;

(f)            all Indebtedness replacing,
refunding or refinancing, in whole or in part, whether directly or indirectly,
and without limitation as to parties, maturities, amounts, interest rates or
other provisions, any or all of the Subordinated Debt; and

(g)           all obligations of the Borrower or
any of the other Subsidiary Loan Parties, contingent or otherwise, to purchase,
repurchase, redeem, retire, prepay, defease or otherwise acquire any or all of
the Indebtedness of the Borrower or of any of the other Subsidiary Loan Parties
described in clause (a) or clause (b) of this definition.

“Subordinated
Debt Documents” means, collectively:

(h)           all promissory notes and other
Instruments pursuant to which any of the Extensions of Credit from time to time
made by the Subordinated Creditor to the Borrower or any of the other
Subsidiary Loan Parties shall at any time be evidenced, governed, guaranteed or
secured, and all other Instruments pursuant to which any Subordinated Debt of
the Borrower or of any of the other Subsidiary Loan Parties to the Subordinated
Creditor, whether now or hereafter existing, is or shall be evidenced,
governed, guaranteed or secured; and

(i)            all Instruments pursuant to which
any Subordinated Debt shall be deferred, extended, renewed, replaced, refunded
or refinanced, in whole or in part, and without limitation as to parties,
maturities, amounts, interest rates or other provisions.

 3
 

ARTICLE 2

SUBORDINATION ARRANGEMENTS

SECTION 2.1. 
Agreement to Subordinate.  The Subordinated Creditor hereby absolutely
and unconditionally agrees with and for the benefit of each of the Senior
Creditors that all Subordinated Debt (whether now existing or from time to time
after the date hereof incurred, assumed, created or arising) owing to the
Subordinated Creditor is hereby expressly subordinated and made junior in right
of payment, to the extent and in the manner hereinafter provided in this Article
2, to the prior payment in full of all Senior Debt (whether now existing or
from time to time after the date hereof, incurred, assumed, created or
arising).

SECTION 2.2. 
Limitations on Subordinated Debt Payments.  Except as and to the extent otherwise
expressly permitted or provided by Sections 2.3 and 2.4 hereof,
neither the Borrower nor any of the other Subsidiary Loan Parties shall at any
time make any payments or distributions of any kind on account of Subordinated
Debt, whether in cash, securities or other Property or by way of conversion,
exchange or set-off or otherwise, and the Subordinated Creditor shall not at
any time demand, receive or accept from the Borrower or from any of the other
Subsidiary Loan Parties, any payments or distributions on account of
Subordinated Debt.

SECTION
2.3.  Permitted Restricted Payments;
etc.

(a)           The Borrower shall be permitted to
make Restricted Payments to the Subordinated Creditor, and the Subordinated
Creditor shall be entitled to receive Restricted Payments from the Borrower,
upon the terms and subject to conditions, restrictions and limitations set
forth in Section 7.6 of the Senior Credit Agreement.

(b)           So long as no Insolvency Proceding
shall be continuing with respect to any Debtor, and subject always to the
provisions of the Pledge Agreement and Section 5.1(a) of this Agreement,
each Debtor shall be permitted to pay, and the Subordinated Creditor shall be
entitled to receive from each Debtor, payments in the form of capitalized
interest or paid-in-kind interest on Subordinated Debt of such Debtor to the
Subordinated Creditor.

(c)           So long as no Insolvency Proceeding
shall be continuing with respect to any Debtor, the Subordinated Creditor shall
be entitled at any time and from time to time to convert all or any part of any
Subordinated Debt of any Debtor into, or (as the case may be) to exchange all
or any part of any Subordinated Debt of such Debtor for, Permitted Equity
Interests in such Debtor.

(d)           Except as otherwise expressly
permitted by paragraph (a), paragraph (b) or paragraph (c)
of this Section 2.3 or by Section 2.4 hereof, or as otherwise
expressly consented to in writing by the Administrative Agent in any particular
instance, the limitations on the making of payments or distributions on account
of Subordinated Debt set forth in Section 2.2 shall be absolute,
unconditional and irrevocable at all times and in all circumstances until all
of the Commitments shall have terminated and all of the Obligations shall have
been paid in full.

SECTION 2.4. 
Insolvency Proceedings.  Each of the Subordinated Creditor and the
Borrower hereby agrees with the Senior Creditors that, in the event of any Insolvency
Proceeding with respect to any of the Debtors:

(a)           the Senior Creditors shall first be
entitled to receive payment in full of all Senior Debt before the Subordinated
Creditor shall be entitled to receive any payment or distribution on account of
Subordinated Debt from such Debtor;

 4
 

(b)           the Senior Creditors shall be
entitled to receive from such Debtor (until payment in full of all Senior Debt)
all payments and distributions on account of Subordinated Debt which would
otherwise be payable or deliverable to the Subordinated Creditor, including,
without limitation, all cash, securities, Equity Interests and other Property
distributed, divided or applied by way of dividend or payment, and any
securities or Equity Interests issued, on account of the Subordinated Debt,
and, to that end, all such payments and distributions from such Debtor that
otherwise would be payable or deliverable upon or with respect to any
Subordinated Debt shall instead be paid or delivered forthwith directly to the
Administrative Agent, for the benefit of Senior Creditors, in the same form as
so received (with any necessary endorsement or assignment) for application to
the payment of Senior Debt until all Senior Debt shall have been paid in full,
and the Administrative Agent shall be entitled to hold all such securities,
Equity Interests and other Property as collateral for Senior Debt, to sell,
assign, transfer or dispose of such securities, Equity Interests and other
Property as the Administrative Agent shall deem appropriate, and to apply all
proceeds from the sale, assignment, transfer or disposition of such securities,
Equity Interests and other Property to Senior Debt;

(c)           if the Subordinated Creditor shall
fail to file a proper proof of claim in the form required by Applicable Law
against such Debtor prior to the date thirty (30) days before the expiration of
the time to file such claim, then the Administrative Agent is authorized, but
shall have no obligation, to file such claim in the name of and on behalf of
the Subordinated Creditor; and

(d)           the Subordinated Creditor shall duly
and promptly take such action as the Administrative Agent may reasonably
request to collect Subordinated Debt from such Debtor, and to collect and
receive any and all payments or distributions on account of such Subordinated
Debt.

SECTION 2.5. 
Certain Other Bankruptcy Matters; etc.

(a)           In order to carry out and to give
full effect to the express intentions of each of the parties hereto as set out
in Section 2.4, and in order better to ensure the performance by the
Subordinated Creditor of the covenants of the Subordinated Creditor with the
Administrative Agent, for the benefit of Senior Creditors, contained in Section
2.4, the Subordinated Creditor hereby absolutely and irrevocably
constitutes and appoints the Administrative Agent its true and lawful agent and
attorney-in-fact, with full power of substitution, in the name and on behalf of
the Subordinated Creditor or in the name of the Administrative Agent or any of
the Senior Creditors or in the name of the Administrative Agent’s substitute
agents or attorneys, to do, in any Insolvency Proceeding with respect to any
Debtor, if all of the Senior Debt shall not have been paid in full at the time,
all or any of the following:

(i)            to enforce all or any of the claims
comprising all or any part of any Subordinated Debt of such Debtor by filing
claims, proofs of claim, suit or otherwise;

(ii)           to enforce all or any of the Liens
(if any) on any Property of such Debtor held by the Subordinated Creditor;

(iii)          to give or withhold the consent of the
Subordinated Creditor to the use by such Debtor of any Property of such Debtor;

(iv)          to give or withhold the consent of the
Subordinated Creditor (strictly in its capacity as holder of Subordinated Debt)
to the sale, transfer or other disposition by such Debtor of any Property of
such Debtor;

(v)           to collect or receive all or any of
the Property of any Debtor distributed, divided or applied by way of dividend
or payment on account of all or any part of any Subordinated Debt of such 

 5
 

Debtor and to apply the
same, or the proceeds of any realization upon the same that the Administrative
Agent in its sole and absolute discretion shall elect to effect, to all or any
part of the Senior Debt until all of the Senior Debt shall have been paid in
full;

(vi)          to execute, deliver or otherwise
perfect any Instrument and to execute and do all of such other assurances, acts
and things which the Administrative Agent or any of the Administrative Agent’s
substitute agents or attorneys may deem proper in or for the purpose of
exercising all or any of the powers and authorities granted to the
Administrative Agent by the Subordinated Creditor pursuant to this paragraph
(a);

(vii)         to cast all ballots and vote all claims
in respect of the Subordinated Debt of such Debtor and to negotiate, accept or
reject on behalf of the Subordinated Creditor (strictly in its capacity as
holder of Subordinated Debt) any plan of partial or complete liquidation,
reorganization, arrangement, composition or extension proposed in connection
with any Insolvency Proceeding with respect to such Debtor, all in such manner
and on such terms and conditions as the Administrative Agent shall in its sole
and absolute discretion determine to be in the best interests of the Senior Creditors;
and

(viii)        generally, to take, in connection with
any such Insolvency Proceeding with respect to such Debtor and in relation to
all or any part of any Subordinated Debt of such Debtor, any action which the
Subordinated Creditor (strictly in its capacity as holder of Subordinated Debt)
would, but for the terms of this Agreement, be otherwise entitled to take in or
for the purpose of exercising all or any of the powers, authorities or rights
specified in the foregoing provisions of this paragraph (a).

(b)           The Subordinated Creditor hereby
ratifies and confirms and agrees to ratify and confirm (strictly in its
capacity as holder of Subordinated Debt) whatever the Administrative Agent (or
any of the Administrative Agent’s substitute agents) or attorneys shall do or
purport to do in good faith in the exercise, at any time and from time to time
prior to (but not after) the payment in full of all Senior Debt, of the power
of attorney granted to the Administrative Agent by the Subordinated Creditor
pursuant to Section 2.5(a), which power of attorney, being coupled with
an interest, is irrevocable.

(c)           The Subordinated Creditor covenants
and agrees with the Administrative Agent that, in any Insolvency Proceeding
with respect to any of the Debtors, if all of the Senior Debt shall not have
been paid in full at the time:

(i)            the Subordinated Creditor shall
(strictly in its capacity as holder of Subordinated Debt), for all purposes of
such Insolvency Proceeding, be deemed to have given its consent to and approval
for (A) the use by any of the Debtors of any Property of any of the Debtors,
and (B) the sale, transfer or other disposition by the Debtors or any of them
of any Property of any of the Debtors, in each such case, if and to the extent
that any such use, sale, transfer or other disposition shall be consented to or
otherwise approved by the Administrative Agent;

(ii)           if any payments or distributions made
to the Administrative Agent on account of any Senior Debt, whether before or
after the commencement of any Insolvency Proceeding with respect to any of the
Debtors, shall be avoided as a fraudulent transfer or fraudulent conveyance
under any Applicable Law, then, for purposes of determining whether and when
all of the Senior Debt shall have been paid in full, the Administrative Agent
shall be deemed never to have received the payments or distributions so
avoided; and

(iii)          during such Insolvency Proceeding,
until all Senior Debt shall be paid in full, the Administrative Agent shall (as
between the Administrative Agent and the Subordinated Creditor, strictly in its
capacity as holder of Subordinated Debt) have the exclusive right to collect,
foreclose upon, sell, 

 6
 

transfer, liquidate or
otherwise dispose of, or exercise any other Enforcement Action with respect to,
all or any part of the Property of any of the Debtors in the manner deemed
appropriate by the Administrative Agent, and the Subordinated Creditor
(strictly in its capacity as holder of Subordinated Debt) hereby agrees not to
hinder, delay or otherwise interfere with any Enforcement Action by the
Administrative Agent with respect to any of the Debtors, any of their Property
or any part thereof.

SECTION 2.6. 
Delivery of Prohibited Payments or Distributions on Account of
Subordinated Debt. 
If any payment or distribution on account of Subordinated Debt shall at
any time be collected or received by the Subordinated Creditor, by way of
set-off or otherwise, and such collection or receipt shall not be expressly
permitted by this Article 2 at the time of such collection or receipt,
then such payment or distribution shall be paid over or delivered forthwith to
the Administrative Agent for application to Senior Debt.  Payments or distributions on account of
Subordinated Debt paid or delivered to the Administrative Agent in compliance
with this Article 2 that are in the form of cash shall be used to pay
Senior Debt.  Any such payments or
distributions that are not in the form of cash shall be held by the
Administrative Agent as security for the payment of Senior Debt.  The Administrative Agent shall be entitled to
sell, assign, transfer or dispose of such Property as the Administrative Agent
reasonably deems appropriate.  Cash
proceeds of any such non-cash payments or distributions on account of
Subordinated Debt shall, when such cash proceeds are received by the
Administrative Agent, be used to pay Senior Debt.

SECTION 2.7. 
Subrogation. 
Upon payment in full of all Senior Debt, the Subordinated Creditor shall
be immediately subrogated to the rights of Senior Creditors (to the extent of
payments and distributions previously made to or for the account of Senior
Creditors pursuant to the provisions of this Article 2), to receive
payments and distributions of Property of any of the Debtors applicable to
Senior Debt until all amounts owing on Subordinated Debt shall be paid in
full.  No payments or distributions
applicable to Senior Debt which the Subordinated Creditor shall receive by
reason of their being subrogated to the rights of Senior Creditors pursuant to
the provisions of this Section 2.7 shall, as between any of the Debtors,
any of their creditors other than Senior Creditors, and the Subordinated
Creditor, be deemed to be a payment by such Person to or for the account of any
Subordinated Debt; and, for the purposes of such subrogation, no payments or
distributions to the Senior Creditors of any Property to which the Subordinated
Creditor would be entitled except for the provisions of this Agreement, and no
payment over pursuant to provisions of this Agreement, to Senior Creditors by
the Subordinated Creditor, shall, as between any of the Debtors, any of their
creditors other than the Senior Creditors, and the Subordinated Creditor, be
deemed to be a payment by such Person to or for the account of any Senior Debt,
it being understood that the provisions of this Agreement are intended solely
for the purpose of defining the relative rights of the Subordinated Creditor,
on the one hand, and the Senior Creditors, on the other hand, and nothing
contained in this Section 2.7 or elsewhere in this Agreement, is
intended to or shall impair, as between any of the Debtors and the Subordinated
Creditor, the obligations each of the Debtors, which are absolute and
unconditional, to pay to the Subordinated Creditor, subject always to the
rights of the Senior Creditors, the Subordinated Debt as and when the same
shall become due and payable in accordance with its terms.

ARTICLE 3

LIMITATIONS ON ENFORCEMENT ACTIONS

SECTION 3.1. 
Prohibitions on Commencement of Certain Enforcement Actions.  Until all of the Senior Debt shall have been
paid in full, the Subordinated Creditor shall not at any time take, commence or
institute, or join with any other Person or Persons in taking, commencing or
instituting, any Enforcement Action of any kind against any of the Debtors or
against any of the Property of any of the Debtors, whether with respect to any
Subordinated Debt or otherwise.

 7
 

SECTION 3.2. 
Limitations on Liens Securing Subordinated Debt.

(a)           The
Borrower shall not at any time grant, or cause or permit any of the other
Subsidiary Loan Parties at any time to grant, to the Subordinated Creditor, and
the Subordinated Creditor shall not at any time acquire, demand, receive or
accept from the Borrower or from any of the other Subsidiary Loan Parties, any
Liens on any Property of any kind as security for any Subordinated Debt.  Any Liens acquired in violation of this paragraph
(a) shall be null and void ab  initio, and the Subordinated
Creditor shall not have any rights, remedies, claims, benefits or priorities,
as secured party or otherwise, in relation to any Property subject to any such
Liens.

(b)           Liens on Property securing all or any
part of the Senior Debt shall at all times have priority in every respect over,
and shall in all respects and at all times be senior and superior to, all Liens
(if any) on such Property securing all or any part of the Subordinated
Debt.  The priorities specified in this paragraph
(b) for the Liens described herein shall be applicable (i) whether or not
any such Liens shall be acquired or created consensually or by attachment,
levy, execution, distraint or otherwise, and (ii) irrespective of (A) the time,
order or method of creation, attachment or perfection of any such Liens, (B)
the time or order of filing or recording of financing statements or other
Instruments pertaining to any such Liens, or (C) the possession of any of such
Property subject to any such Liens.

(c)           Until all of the Senior Debt shall
have been paid in full, the Subordinated Creditor shall not at any time take,
commence or institute, or join any other Person or Persons in taking,
commencing or instituting, any Enforcement Action of any kind with respect to
any Liens securing all or any part of the Subordinated Debt.

ARTICLE 4

WAIVERS AND CONSENTS

SECTION 4.1. 
Certain Limitations and Restrictions on Payment of Subordinated Debt.  The Subordinated Creditor
understands and acknowledges that: (a) each of the Debtors is and will continue
to be subject to and bound by certain terms and conditions of the Senior Credit
Agreement and the other Senior Debt Documents that prohibit or otherwise limit
and restrict payments or prepayments of or on account of, and payments or other
distributions on account of the redemption, repurchase, defeasance or other
acquisition for value of, any Subordinated Debt; and (b) the Borrower and the
other Debtors are and will continue to be subject to and bound by certain terms
and conditions of the Senior Credit Agreement and the other Senior Debt
Documents that prohibit or otherwise limit and restrict the making of any
Restricted Payments to the Subordinated Creditor.  The Subordinated Creditor hereby assents to
all such terms and conditions from time to time contained in the Senior Credit
Agreement and the other Senior Debt Documents.

SECTION 4.2. 
Waivers of Notice; etc.  The obligations of each of the Subordinated
Creditor and the Borrower under this Agreement, and the subordination
arrangements and covenants contained herein, shall not be to any extent or in
any way or manner whatsoever impaired or otherwise affected by any of the
following, whether or not the Subordinated Creditor or the Borrower or any of
the other Debtors shall have had any notice or knowledge of any thereof:

(a)           any extension or postponement of the
time for the payment of any Senior Debt, the acceptance of any partial payment
thereon, any and all other indulgences whatsoever by the Senior Creditors in
respect of any Senior Debt, the taking, addition, substitution or release, in
whole or in part, at any time or times, of any collateral or Liens securing any
Senior Debt, or the addition, substitution or release, in whole or in part, of
any Person or Persons primarily or secondarily liable in respect of any Senior
Debt;

 8
 

(b)           any action or delay in acting or
failure to act on the part of any Senior Creditors under any Senior Debt
Document or in respect of any Senior Debt or Liens securing any Senior Debt or
otherwise, including (i) any action by any Senior Creditor to enforce any
of its rights, remedies or claims in respect of Liens securing any Senior Debt,
(ii) any failure by any Senior Creditor strictly or diligently to assert
any rights or to pursue any remedies or claims against any of the Debtors or
any other Person or Persons under any of the Senior Debt Documents or provided
by statute or at law or in equity, (iii) any failure by any Senior
Creditor to perfect or to preserve the perfection or priority of any of its
Liens securing any Senior Debt, or (iv) any failure or refusal by any
Senior Creditor to foreclose or to realize upon any Liens securing any Senior
Debt or to take any action to enforce any of its rights, remedies or claims
under any Senior Debt Document;

(c)           any modification, amendment or
amendment and restatement of, or any supplement or addition to, any of the
Senior Debt Documents;

(d)           any waiver, consent or other action
or acquiescence by any of the Senior Creditors in respect of any default by the
Borrower or by any of the other Debtors in its performance or observance of or
compliance with any term, covenant or condition contained in any Senior Debt
Document; or

(e)           the existence of any other condition
or circumstance or the occurrence of any other event that might otherwise
constitute a legal or equitable discharge of or a suretyship defense to the performance
by the Subordinated Creditor of any of its obligations or other liabilities
hereunder.

The Subordinated Creditor
hereby absolutely, unconditionally and irrevocably assents to and waives notice
of any and all matters hereinbefore specified in clauses (a) through (e)  of this Section 4.2.  This Agreement shall continue to be effective
or shall be reinstated, as the case may be, if at any time any payment of any
Senior Debt previously made by any Debtor to any of the Senior Creditors is
rescinded or must otherwise be returned by any of the Senior Creditors in
connection with any Insolvency Proceedings with respect to any of the Debtors
or otherwise, all as though such payment of Senior Debt had not been made.

ARTICLE 5

ADDITIONAL REPRESENTATIONS AND
COVENANTS

SECTION 5.1. 
Certain Representations and other Covenants of Investors.

(a)           The Subordinated Creditor represents
that no part of the Subordinated Debt is evidenced by any promissory note or
other Instrument that will not be delivered promptly to the Administrative
Agent in pledge upon the terms contained in the Pledge Agreement.  The Subordinated Creditor shall, promptly
after receipt thereof from any of the Debtors, deliver in pledge to the
Administrative Agent in compliance with, and upon the terms contained in, the
Pledge Agreement, each promissory note or other Instrument evidencing any
Subordinated Debt.  The Subordinated
Creditor shall deliver in pledge to the Administrative Agent, with each such
promissory note or other Instrument, one or more undated Instruments of
transfer duly and properly signed in blank by the Subordinated Creditor.

(b)           Until all of the Senior Debt shall
have been paid in full, the Subordinated Creditor agrees that the Subordinated
Creditor shall not sell, assign, pledge, encumber or otherwise transfer any
Subordinated Debt owned by the Subordinated Creditor or any rights or interests
in any such Subordinated Debt or any Subordinated Debt Documents.

(c)           The Subordinated Creditor represents
that no part of the Subordinated Debt is secured by any Liens on any Property
of the Borrower or any of the other Debtors.

 9
 

SECTION 5.2. 
Legend; etc.  Each of the Borrower and the Subordinated
Creditor covenants that it will (unless the Administrative Agent otherwise
consents) cause each promissory note or other Instrument evidencing any of the
Subordinated Debt to have affixed upon it a legend substantially as follows:

“THIS SUBORDINATED NOTE IS
SUBORDINATED AND MADE JUNIOR IN RIGHT OF PAYMENT, AND MADE SUBJECT TO
RESTRICTIONS AND LIMITATIONS ON ENFORCEMENT (INCLUDING ACCELERATION), AND
RESTRICTIONS AND LIMITATIONS ON SALE, ASSIGNMENT, ENCUMBRANCE AND OTHER
TRANSFERS, ALL UPON THE TERMS, IN THE MANNER, AND TO THE EXTENT SET FORTH IN
THE INTERCOMPANY SUBORDINATION AGREEMENT, DATED AS OF APRIL 17, 2007, AS FROM
TIME TO TIME IN EFFECT, AMONG NEXTERA ENTERPRISES, INC., WOODRIDGE LABS, INC.,
AND NEWSTAR FINANCIAL, INC., AS ADMINISTRATIVE AGENT.”

SECTION 5.3. 
No Impairment.  No rights or remedies of Senior Creditors
under this Agreement shall at any time be prejudiced or impaired by any conduct
on the part of any Debtor or the Subordinated Creditor, including any
noncompliance by any Debtor or the Subordinated Creditor with the terms of this
Agreement, or by any conduct, in good faith, by any Senior Creditor, regardless
of any knowledge thereof which any Senior Creditor may have or otherwise be
charged with.

ARTICLE 6

MISCELLANEOUS

SECTION 6.1. 
Amendments, Waivers; etc.  The provisions of this Agreement may from
time to time be amended if such amendment is in writing and consented to by
each of the parties hereto.  No failure
or delay on the part of any Person in exercising any power or right under this
Agreement shall operate as a waiver thereof, nor shall any single or partial
exercise of any such power or right preclude any other or further exercise
thereof or the exercise of any other power or right.  The remedies herein provided are cumulative
and not exclusive of any other remedies provided at law or in equity.  No waiver or approval by a Person under this
Agreement shall, except as may be otherwise stated in such waiver or approval,
be applicable to any subsequent transactions.

SECTION 6.2. 
Severability. 
Any provision of this Agreement which is prohibited or unenforceable in
any jurisdiction shall, as to such jurisdiction, be ineffective to the extent
of such prohibition or unenforceability without invalidating the remaining
provisions of this Agreement or affecting the validity or enforceability of any
such provision in any other jurisdiction.

SECTION 6.3. 
Continuing Agreement.  This Agreement shall in all respects be a
continuing agreement, and this Agreement and the agreements and obligations of
the Subordinated Creditor and the Borrower hereunder shall remain in full force
and effect until all Senior Debt shall be paid in full.

SECTION 6.4. 
Successors and Assigns.  This Agreement shall be binding upon, and
shall inure to the benefit of, each of the Administrative Agent and the other
Senior Creditors, the Subordinated Creditor and the Borrower and their
respective successors in title and permitted assigns.

 10
 

SECTION 6.5. 
Notices. 
All notices and other communications provided to a party hereunder shall
be in writing and shall be delivered in hand, mailed by United States
registered or certified first class mail, postage prepaid, or sent by telecopy
and confirmed by delivery via courier or postal service and shall be
addressed or delivered to it at its address designated for notices set forth in
the Senior Credit Agreement (as amended or supplemented from time to time) or
at such other address as may be designated by such party in a notice to the
other parties.  Any such notice shall be
deemed to have been duly received and to have become effective (a) if
telecopied, or delivered by hand to a responsible officer of the party to which
it is directed, at the time of the receipt thereof by such officer, and (b) if
sent by registered or certified first-class mail, postage prepaid, three (3)
days after the date mailed.

SECTION 6.6. 
Loan Document; etc.  This Agreement constitutes a “Loan Document” for all purposes of
the Senior Credit Agreement and the other Senior Debt Documents. This
Agreement, together with the Senior Credit Agreement, the Pledge Agreement and
the other Senior Debt Documents, constitute the entire agreement among the
Senior Creditors and the Subordinated Creditor and the Borrower with respect to
the subject matter hereof and supersede any prior or contemporaneous
agreements, representations, warranties or understandings, whether oral,
written or implied, as to the subject matter of this Agreement.

SECTION 6.7.  CHOICE OF LAW.  THIS
AGREEMENT IS A CONTRACT UNDER THE LAWS OF THE STATE OF NEW YORK AND SHALL FOR
ALL PURPOSES BE CONSTRUED IN ACCORDANCE WITH AND GOVERNED BY THE LAWS OF SAID
STATE.

SECTION 6.8. 
WAIVER OF JURY TRIAL.  EACH OF THE
PARTIES HERETO HEREBY WAIVES ITS RIGHT TO A JURY TRIAL WITH RESPECT TO ANY
ACTION OR CLAIM ARISING OUT OF ANY DISPUTE IN CONNECTION WITH THIS AGREEMENT OR
THE SUBJECT MATTER HEREOF, ANY RIGHTS OR OBLIGATIONS HEREUNDER OR THE
PERFORMANCE OF SUCH RIGHTS AND OBLIGATIONS. 
EACH OF THE PARTIES HERETO (A) CERTIFIES THAT NO REPRESENTATIVE, AGENT
OR ATTORNEY OF ANY OTHER PERSON PARTY HERETO HAS REPRESENTED, EXPRESSLY OR
OTHERWISE, THAT SUCH OTHER PERSON WOULD NOT, IN THE EVENT OF LITIGATION, SEEK
TO ENFORCE THE FOREGOING WAIVERS, AND (B) ACKNOWLEDGES THAT SUCH PARTY HAS BEEN
INDUCED TO ENTER INTO THIS AGREEMENT BY, AMONG OTHER THINGS, THE MUTUAL WAIVERS
AND CERTIFICATIONS CONTAINED IN THIS SECTION 6.8.

SECTION 6.9. 
No Third Parties Benefited.  This
Agreement is made and entered into for the sole protection and legal benefit of
each of the Senior Creditors and its
successors in title and assigns.  It is
not the intention of the parties hereto to confer any third-party beneficiary
rights, and this Agreement shall not be construed so as to confer any such
rights upon any other Person or Persons not party hereto.

SECTION 6.10. 
Counterparts. 
This Agreement may be executed in any number of counterparts and by the
different parties hereto on separate counterparts, each of which, when so
executed and delivered, shall be an original, but all of which shall together
constitute one and the same Instrument. 
A set of counterparts executed by all of the parties hereto shall be
lodged with the Borrower and the Administrative Agent.  Delivery by facsimile by any of the parties
hereto of an executed counterpart hereof, of any amendment, amendment and
restatement, or waiver hereto, shall be as effective as an original executed
document and shall be considered a representation that such original executed
document, as the case may be, will be delivered.

***Signature
Page to Intercompany Subordination Agreement Follows***

 11

IN
WITNESS WHEREOF, the parties hereto have caused this INTERCOMPANY SUBORDINATION AGREEMENT to be
executed by their duly authorized officers as of the day and in the year first
above written.

	
  

  	
  The Subordinated Creditor:

  
	
   

  	
   

  
	
   

  	
  NEXTERA ENTERPRISES, INC.

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
   

  	
  /s/ Antonio Rodriquez

  
	
   

  	
   

  	
  Name:

  	
  Antonio Rodriquez

  
	
   

  	
   

  	
  Title:

  	
  Chief Financial Officer

  
	
   

  	
   

  	
   

  
	
   

  	
  The Borrower:

  
	
   

  	
   

  
	
   

  	
  WOODRIDGE LABS, INC.

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
   

  	
  /s/ Antonio Rodriquez

  
	
   

  	
   

  	
  Name:

  	
  Antonio Rodriquez

  
	
   

  	
   

  	
  Title:

  	
  Chief Financial Officer

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  The Administrative Agent:

  
	
   

  	
   

  
	
   

  	
  NEWSTAR FINANCIAL, INC.,as
  Administrative

  Agent

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
   

  	
  /s/ Robert F. Milordi

  
	
   

  	
   

  	
  Name:

  	
  Robert F. Milordi

  
	
   

  	
   

  	
  Title:

  	
  Managing Director - Portfolio Management

  
					

 

**Signature
Page to Intercompany Subordination Agreement**Exhibit 4.1

APATAR, INC.

2005 STOCK INCENTIVE PLAN

1.     Purpose

The purpose of this 2005
Stock Incentive Plan (the “Plan”) of Apatar, Inc., a Delaware corporation (the “Company”),
is to advance the interests of the Company’s stockholders by enhancing the Company’s
ability to attract, retain and motivate persons who are expected to make
important contributions to the Company and by providing such persons with
equity ownership opportunities and performance-based incentives that are
intended to align their interests with those of the Company’s
stockholders.  Except where the context
otherwise requires, the term “Company” shall include any of the Company’s
present or future parent or subsidiary corporations as defined in
Sections 424(e) or (f) of the Internal Revenue Code of 1986, as amended,
and any regulations promulgated thereunder (the “Code”) and any other business
venture (including, without limitation, joint venture or limited liability
company) in which the Company has a controlling interest, as determined by the
Board of Directors of the Company (the “Board”).

2.     Eligibility

All of the Company’s
employees, officers, directors, consultants and advisors are eligible to
receive options, restricted stock, restricted stock units and other stock-based
awards (each, an “Award”) under the Plan. 
Each person who receives an Award under the Plan is deemed a “Participant”.

3.     Administration and Delegation

(a)   Administration by Board of Directors.  The Plan will be administered by the
Board.  The Board shall have authority to
grant Awards and to adopt, amend and repeal such administrative rules,
guidelines and practices relating to the Plan as it shall deem advisable.  The Board may correct any defect, supply any
omission or reconcile any inconsistency in the Plan or any Award in the manner
and to the extent it shall deem expedient to carry the Plan into effect and it
shall be the sole and final judge of such expediency.  All decisions by the Board shall be made in
the Board’s sole discretion and shall be final and binding on all persons
having or claiming any interest in the Plan or in any Award.  No director or person acting pursuant to the
authority delegated by the Board shall be liable for any action or
determination relating to or under the Plan made in good faith.

(b)   Appointment of Committees.  To the extent permitted by applicable law,
the Board may delegate any or all of its powers under the Plan to one or more
committees or subcommittees of the Board (a “Committee”).  All references in the Plan to the “Board” shall
mean the Board or a Committee of the Board to the extent that the Board’s
powers or authority under the Plan have been delegated to such Committee.

4.     Stock Available for Awards.  Subject to adjustment under Section 8, Awards
may be made under the Plan for up to 1,500,000 shares of common stock, $.001
par value per share, of the 

 

Company (the “Common
Stock”).  If any Award expires or is
terminated, surrendered or canceled without having been fully exercised or is
forfeited in whole or in part (including as the result of shares of Common
Stock subject to such Award being repurchased by the Company at the original
issuance price pursuant to a contractual repurchase right) or results in any
Common Stock not being issued, the unused Common Stock covered by such Award
shall again be available for the grant of Awards under the Plan.  Further, shares of Common Stock tendered to
the Company by a Participant to exercise an Award shall be added to the number
of shares of Common Stock available for the grant of Awards under the
Plan.  However, in the case of Incentive
Stock Options (as hereinafter defined), the foregoing provisions shall be
subject to any limitations under the Code. 
Shares issued under the Plan may consist in whole or in part of
authorized but unissued shares or treasury shares.  At no time while there is any Option (as
defined below) outstanding and held by a Participant who was a resident of the
State of California on the date of grant of such Option, shall the total number
of shares of Common Stock issuable upon exercise of all outstanding options and
the total number of shares provided for under any stock bonus or similar plan
of the Company exceed the applicable percentage as calculated in accordance
with the conditions and exclusions of Section 260.140.45 of the California Code
of Regulations (the “California Regulations”), based on the shares of the
Company which are outstanding at the time the calculation is made.

 

5.     Stock Options

 

(a)   General.  The Board may grant options to purchase
Common Stock (each, an “Option”) and determine the number of shares of Common
Stock to be covered by each Option, the exercise price of each Option and the
conditions and limitations applicable to the exercise of each Option, including
conditions relating to applicable federal or state securities laws, as it
considers necessary or advisable.  An
Option which is not intended to be an Incentive Stock Option (as hereinafter
defined) shall be designated a “Nonstatutory Stock Option”.

 

(b)   Incentive Stock Options.  An Option that the Board intends to be an “incentive
stock option” as defined in Section 422 of the Code (an “Incentive Stock Option”)
shall only be granted to employees of Apatar, Inc., any of Apatar, Inc.’s
present or future parent or subsidiary corporations as defined in Sections
424(e) or (f) of the Code, and any other entities the employees of which are
eligible to receive Incentive Stock Options under the Code, and shall be
subject to and shall be construed consistently with the requirements of Section
422 of the Code.  The Company shall have
no liability to a Participant, or any other party, if an Option (or any part
thereof) that is intended to be an Incentive Stock Option is not an Incentive
Stock Option or for any action taken by the Board pursuant to Section 9(f),
including without limitation the conversion of an Incentive Stock Option to a
Nonstatutory Stock Option.

 

(c)   Exercise Price.  The Board shall establish the exercise price
of each Option and specify such exercise price in the applicable option
agreement.

 

(d)   Duration of Options.  Each Option shall be exercisable at such
times and subject to such terms and conditions as the Board may specify in the
applicable option agreement.

 

(e)   Exercise of Option.  Options may be exercised by delivery to the
Company of a written notice of exercise signed by the proper person or by any
other form of notice (including electronic notice) approved by the Board
together with payment in full as specified in Section

 2
 

 

5(f) for the
number of shares for which the Option is exercised.  Shares of Common Stock subject to the Option
will be delivered by the Company following exercise either as soon as
practicable or, subject to such conditions as the Board shall specify, on a
deferred basis (with the Company’s obligation to be evidenced by an instrument
providing for future delivery of the deferred shares at the time or times
specified by the Board).

 

(f)    Payment Upon Exercise.  Common Stock purchased upon the exercise of
an Option granted under the Plan shall be paid for as follows:

 

(1)   in cash or by check, payable to the order of
the Company;

(2)   except as the Board may otherwise provide in
an option agreement, by (i) delivery of an irrevocable and unconditional
undertaking by a creditworthy broker to deliver promptly to the Company
sufficient funds to pay the exercise price and any required tax withholding or
(ii) delivery by the Participant to the Company of a copy of irrevocable and
unconditional instructions to a creditworthy broker to deliver promptly to the
Company cash or a check sufficient to pay the exercise price and any required
tax withholding;

(3)   when the Common Stock is registered under the
Exchange Act, by delivery of shares of Common Stock owned by the Participant
valued at their fair market value as determined by (or in a manner approved by)
the Board (“Fair Market Value”), provided (i) such method of payment is then
permitted under applicable law, (ii) such Common Stock, if acquired directly
from the Company, was owned by the Participant for such minimum period of time,
if any, as may be established by the Board in its discretion and (iii) such
Common Stock is not subject to any repurchase, forfeiture, unfulfilled vesting
or other similar requirements;

(4)   to the extent permitted by applicable law and
by the Board, by (i) delivery of a promissory note of the Participant to the
Company on terms determined by the Board, or (ii) payment of such other
lawful consideration as the Board may determine; or

(5)   by any combination of the above permitted
forms of payment.

(g)   Substitute Options.  In connection with a merger or consolidation
of an entity with the Company or the acquisition by the Company of property or
stock of an entity, the Board may grant Options in substitution for any options
or other stock or stock-based awards granted by such entity or an affiliate
thereof.  Substitute Options may be
granted on such terms as the Board deems appropriate in the circumstances,
notwithstanding any limitations on Options contained in the other sections of
this Section 5 or in Section 2. 
Substitute Options shall not count against the overall share limit set
forth in Section 4(a), except as may be required by reason of Section 422 and
related provisions of the Code.

(h)   Repricing of Options.  The Board may, without stockholder approval,
amend any outstanding Option granted under the Plan to provide an exercise
price per share that is lower than the then-current exercise price per share of
such outstanding Option.  The Board may
also, without stockholder approval, cancel any outstanding option (whether or
not granted under the Plan) and grant in substitution therefor new Awards under
the Plan covering the same or a

 3
 

 

different
number of shares of Common Stock and having an exercise price per share lower
than the then-current exercise price per share of the cancelled option.

 

6.     Restricted
Stock; Restricted Stock Units

(a)   General.  The Board may grant Awards entitling
recipients to acquire shares of Common Stock (“Restricted Stock”), subject to
the right of the Company to repurchase all or part of such shares at their
issue price or other stated or formula price from the recipient in the event
that conditions specified by the Board in the applicable Award are not
satisfied prior to the end of the applicable restriction period or periods
established by the Board for such Award. 
Instead of granting Awards for Restricted Stock, the Board may grant
Awards entitling the recipient to receive shares of Common Stock to be
delivered at the time such shares of Common Stock vest (“Restricted Stock Units”)
(Restricted Stock and Restricted Stock Units are each referred to herein as a “Restricted
Stock Award”).

(b)   Terms and Conditions.  The Board shall determine the terms and
conditions of a Restricted Stock Award, including the conditions for repurchase
(or forfeiture) and the issue price.

(c)   Stock Certificates.  Any stock certificates issued in respect of a
Restricted Stock Award shall be registered in the name of the Participant and,
unless otherwise determined by the Board, deposited by the Participant,
together with a stock power endorsed in blank, with the Company (or its
designee).  At the expiration of the
applicable restriction periods, the Company (or such designee) shall deliver
the certificates no longer subject to such restrictions to the Participant or
if the Participant has died, to the beneficiary designated, in a manner
determined by the Board, by a Participant to receive amounts due or exercise
rights of the Participant in the event of the Participant’s death (the “Designated
Beneficiary”).  In the absence of an
effective designation by a Participant, “Designated Beneficiary” shall mean the
Participant’s estate.

7.     Other
Stock-Based Awards

Other Awards of shares of
Common Stock, and other Awards that are valued in whole or in part by reference
to, or are otherwise based on, shares of Common Stock or other property, may be
granted hereunder to Participants (“Other Stock Unit Awards”), including
without limitation stock appreciation rights and Awards entitling recipients to
receive shares of Common Stock to be delivered in the future.  Such Other Stock Unit Awards shall also be
available as a form of payment in the settlement of other Awards granted under
the Plan or as payment in lieu of compensation to which a Participant is
otherwise entitled.  Other Stock Unit
Awards may be paid in shares of Common Stock or cash, as the Board shall
determine.  Subject to the provisions of
the Plan, the Board shall determine the conditions of each Other Stock Unit
Award, including any purchase price applicable thereto.

8.     Adjustments
for Changes in Common Stock and Certain Other Events

(a)   Changes in Capitalization.  In the event of any stock split, reverse
stock split, stock dividend, recapitalization, combination of shares,
reclassification of shares, spin-off or other similar change in capitalization
or event, or any distribution to holders of Common Stock other

 4
 

 

than an
ordinary cash dividend, (i) the number and class of securities available under
this Plan, (ii) the number and class of securities and exercise price per share
of each outstanding Option, (iii) the repurchase price per share subject to
each outstanding Restricted Stock Award, and (iv) the terms of each other
outstanding Award shall be appropriately adjusted by the Company (or
substituted Awards may be made, if applicable) to the extent determined by the
Board.

 

(b)   Reorganization Events

(1)   Definition.  A “Reorganization Event” shall mean:  (a) any merger or consolidation of the
Company with or into another entity as a result of which all of the Common
Stock of the Company is converted into or exchanged for the right to receive
cash, securities or other property or is cancelled, (b) any exchange of all of
the Common Stock of the Company for cash, securities or other property pursuant
to a share exchange transaction or (c) any liquidation or dissolution of the
Company.

(2)   Consequences of a Reorganization Event on
Awards Other than Restricted Stock Awards. 
In connection with a Reorganization Event, the Board shall take any one or
more of the following actions as to all or any outstanding Awards on such terms
as the Board determines: 
(i) provide that Awards shall be assumed, or substantially
equivalent Awards shall be substituted, by the acquiring or succeeding
corporation (or an affiliate thereof), (ii) upon written notice to a
Participant, provide that the Participant’s unexercised Options or other
unexercised Awards shall become exercisable in full and will terminate
immediately prior to the consummation of such Reorganization Event unless
exercised by the Participant within a specified period following the date of
such notice, (iii) provide that outstanding Awards shall become realizable
or deliverable, or restrictions applicable to an Award shall lapse, in whole or
in part prior to or upon such Reorganization Event, (iv) in the event of a
Reorganization Event under the terms of which holders of Common Stock will
receive upon consummation thereof a cash payment for each share surrendered in
the Reorganization Event (the “Acquisition Price”), make or provide for a cash
payment to a Participant equal to (A) the Acquisition Price times the
number of shares of Common Stock subject to the Participant’s Options or other
Awards (to the extent the exercise price does not exceed the Acquisition Price)
minus (B) the aggregate exercise price of all such outstanding Options or other
Awards, in exchange for the termination of such Options or other Awards,
(v) provide that, in connection with a liquidation or dissolution of the
Company, Awards shall convert into the right to receive liquidation proceeds
(if applicable, net of the exercise price thereof) and (vi) any combination of
the foregoing.

For purposes of clause
(i) above, an Option shall be considered assumed if, following consummation of
the Reorganization Event, the Option confers the right to purchase, for each
share of Common Stock subject to the Option immediately prior to the
consummation of the Reorganization Event, the consideration (whether cash,
securities or other property) received as a result of the Reorganization Event
by holders of Common Stock for each share of Common Stock held immediately
prior to the consummation of the Reorganization Event (and if holders were
offered a choice of consideration, the type of consideration chosen by the
holders of a majority of the outstanding shares of Common Stock); provided,
however, that if the consideration received as a result of the Reorganization
Event is not solely common stock of the acquiring or succeeding corporation (or
an affiliate thereof), the Company may, with the consent of the acquiring or
succeeding corporation, provide for the consideration to be received upon the

 5
 

 

exercise of
Options to consist solely of common stock of the acquiring or succeeding
corporation (or an affiliate thereof) equivalent value (as determined by the
Board) to the per share consideration received by holders of outstanding shares
of Common Stock as a result of the Reorganization Event.

 

To the extent all or any
portion of an Option becomes exercisable solely as a result of clause (ii)
above, the Board may provide that upon exercise of such Option the Participant
shall receive shares subject to a right of repurchase by the Company or its
successor at the Option exercise price; such repurchase right (x) shall lapse
at the same rate as the Option would have become exercisable under its terms
and (y) shall not apply to any shares subject to the Option that were
exercisable under its terms without regard to clause (ii) above.

(3)   Consequences of a Reorganization Event on
Restricted Stock Awards.  Upon the
occurrence of a Reorganization Event other than a liquidation or dissolution of
the Company, the repurchase and other rights of the Company under each
outstanding Restricted Stock Award shall inure to the benefit of the Company’s
successor and shall apply to the cash, securities or other property which the
Common Stock was converted into or exchanged for pursuant to such
Reorganization Event in the same manner and to the same extent as they applied
to the Common Stock subject to such Restricted Stock Award.  Upon the occurrence of a Reorganization Event
involving the liquidation or dissolution of the Company, except to the extent
specifically provided to the contrary in the instrument evidencing any Restricted
Stock Award or any other agreement between a Participant and the Company, all
restrictions and conditions on all Restricted Stock Awards then outstanding
shall automatically be deemed terminated or satisfied.

9.     General
Provisions Applicable to Awards

(a)   Transferability of Awards.  Except as the Board may otherwise determine
or provide in an Award, Awards shall not be sold, assigned, transferred,
pledged or otherwise encumbered by the person to whom they are granted, either
voluntarily or by operation of law, except by will or the laws of descent and
distribution or, other than in the case of an Incentive Stock Option, pursuant
to a qualified domestic relations order, and, during the life of the
Participant, shall be exercisable only by the Participant.  References to a Participant, to the extent
relevant in the context, shall include references to authorized transferees.

(b)   Documentation.  Each Award shall be evidenced in such form
(written, electronic or otherwise) as the Board shall determine.  Each Award may contain terms and conditions
in addition to those set forth in the Plan.

(c)   Board Discretion.  Except as otherwise provided by the Plan,
each Award may be made alone or in addition or in relation to any other
Award.  The terms of each Award need not
be identical, and the Board need not treat Participants uniformly.

(d)   Termination of Status.  The Board shall determine the effect on an
Award of the disability, death, retirement, authorized leave of absence or
other  change in the employment or other
status of a Participant and the extent to which, and the period during which,
the Participant, or the Participant’s legal representative, conservator,
guardian or Designated Beneficiary, may exercise rights under the Award.

 6
 

 

(e)   Withholding.  Each Participant shall pay to the Company, or
make provision satisfactory to the Company for payment of, any taxes required
by law to be withheld in connection with an Award to such Participant.  Except as the Board may otherwise provide in
an Award, for so long as the Common Stock is registered under the Exchange Act,
Participants may satisfy such tax obligations in whole or in part by delivery
of shares of Common Stock, including shares retained from the Award creating
the tax obligation, valued at their Fair Market Value; provided, however,
except as otherwise provided by the Board, that the total tax withholding where
stock is being used to satisfy such tax obligations cannot exceed the Company’s
minimum statutory withholding obligations (based on minimum statutory
withholding rates for federal and state tax purposes, including payroll taxes,
that are applicable to such supplemental taxable income).  Shares surrendered to satisfy tax withholding
requirements cannot be subject to any repurchase, forfeiture, unfulfilled
vesting or other similar requirements. 
The Company may, to the extent permitted by law, deduct any such tax
obligations from any payment of any kind otherwise due to a Participant.

 

(f)    Amendment of Award.  The Board may amend, modify or terminate any
outstanding Award, including but not limited to, substituting therefor another
Award of the same or a different type, changing the date of exercise or
realization, and converting an Incentive Stock Option to a Nonstatutory Stock
Option, provided that the Participant’s consent to such action shall be
required unless the Board determines that the action, taking into account any
related action, would not materially and adversely affect the Participant.

(g)   Conditions on Delivery of Stock.  The Company will not be obligated to deliver
any shares of Common Stock pursuant to the Plan or to remove restrictions from
shares previously delivered under the Plan until (i) all conditions of the
Award have been met or removed to the satisfaction of the Company, (ii) in
the opinion of the Company’s counsel, all other legal matters in connection
with the issuance and delivery of such shares have been satisfied, including
any applicable securities laws and any applicable stock exchange or stock
market rules and regulations, and (iii) the Participant has executed and
delivered to the Company such representations or agreements as the Company may
consider appropriate to satisfy the requirements of any applicable laws, rules
or regulations.

(h)   Acceleration.  The Board may at any time provide that any
Award shall become immediately exercisable in full or in part, free of some or
all restrictions or conditions, or otherwise realizable in full or in part, as
the case may be.

10.   Miscellaneous

(a)   No Right To Employment or Other Status.  No person shall have any claim or right to be
granted an Award, and the grant of an Award shall not be construed as giving a
Participant the right to continued employment or any other relationship with
the Company.  The Company expressly
reserves the right at any time to dismiss or otherwise terminate its
relationship with a Participant free from any liability or claim under the
Plan, except as expressly provided in the applicable Award.

(b)   No Rights As Stockholder.  Subject to the provisions of the applicable
Award, no Participant or Designated Beneficiary shall have any rights as a
stockholder with respect to any 

 7
 

 

shares of
Common Stock to be distributed with respect to an Award until becoming the
record holder of such shares. 
Notwithstanding the foregoing, in the event the Company effects a split
of the Common Stock by means of a stock dividend and the exercise price of and
the number of shares subject to such Option are adjusted as of the date of the
distribution of the dividend (rather than as of the record date for such
dividend), then an optionee who exercises an Option between the record date and
the distribution date for such stock dividend shall be entitled to receive, on
the distribution date, the stock dividend with respect to the shares of Common
Stock acquired upon such Option exercise, notwithstanding the fact that such
shares were not outstanding as of the close of business on the record date for
such stock dividend.

 

(c)   Effective Date and Term of Plan.  The Plan shall become effective on the date
on which it is adopted by the Board.  No
Awards shall be granted under the Plan after the completion of 10 years from
the earlier of (i) the date on which the Plan was adopted by the Board or (ii)
the date the Plan was approved by the Company’s stockholders, but Awards
previously granted may extend beyond that date.

(d)   Amendment of Plan.  The Board may amend, suspend or terminate the
Plan or any portion thereof at any time.

(e)   Authorization of Sub-Plans.  The Board may from time to time establish one
or more sub-plans under the Plan for purposes of satisfying applicable blue
sky, securities or tax laws of various jurisdictions.  The Board shall establish such sub-plans by
adopting supplements to this Plan containing (i) such limitations on the Board’s
discretion under the Plan as the Board deems necessary or desirable or (ii)
such additional terms and conditions not otherwise inconsistent with the Plan
as the Board shall deem necessary or desirable. 
All supplements adopted by the Board shall be deemed to be part of the
Plan, but each supplement shall apply only to Participants within the affected
jurisdiction and the Company shall not be required to provide copies of any
supplement to Participants in any jurisdiction which is not the subject of such
supplement.

(f)    Compliance with Code Section 409A.  No Award shall provide for deferral of
compensation that does not comply with Section 409A of the Code, unless the
Board, at the time of grant, specifically provides that the Award is not
intended to comply with Section 409A of the Code.

(g)   Governing Law.  The provisions of the Plan and all Awards
made hereunder shall be governed by and interpreted in accordance with the laws
of the State of Delaware, excluding choice-of-law principles of the law of such
state that would require the application of the laws of a jurisdiction other
than such state.

 

 8

 

APATAR, INC.

2005 STOCK
INCENTIVE PLAN

 

CALIFORNIA
SUPPLEMENT

Pursuant to Section 10(e)
of the Plan, the Board has adopted this supplement for purposes of satisfying
the requirements of Section 25102(o) of the California Law.  Any Awards granted under the Plan to a
Participant who is a resident of the State of California on the date of grant
(a “California Participant”) shall be subject to the following additional
limitations, terms and conditions:

1.     Additional Limitations on Options.

(a)   Minimum Vesting Rate.  Except in the case of Options granted to
California Participants who are officers, directors, managers, consultants or
advisors of the Company or its affiliates (which Options may become exercisable
at whatever rate is determined by the Board), Options granted to California
Participants shall become exercisable at a rate of no less than 20% per year
over five years from the date of grant; provided, that, such
Options may be subject to such reasonable forfeiture conditions as the Board
may choose to impose and which are not inconsistent with Section 260.140.41 of
the California Regulations.

(b)   Minimum Exercise Price.  The exercise price of Options granted to
California Participants may not be less than 85% of the Fair Market Value of
the Common Stock on the date of grant in the case of a Nonstatutory Stock
Option or less than 100% of the Fair Market Value of the Common Stock on the
date of grant in the case of an Incentive Stock Option; provided, however,
that if the California Participant is a person who owns stock possessing more
than 10% of the total combined voting power of all classes of stock of the
Company or its parent or subsidiary corporations, the exercise price shall be
not less than 110% of the Fair Market Value of the Common Stock on the date of
grant.

(c)   Maximum Duration of Options.  No Options granted to California Participants
will be granted for a term in excess of 10 years.

(d)   Minimum Exercise Period Following
Termination.  Unless a California
Participant’s employment is terminated for cause (as defined in any contract of
employment between the Company and such Participant, or if none, in the
instrument evidencing the grant of such Participant’s Option), in the event of
termination of employment of such Participant, he or she shall have the right
to exercise an Option, to the extent that he or she was otherwise entitled to
exercise such Option on the date employment terminated, as follows: (i) at
least six months from the date of termination, if termination was caused by
such Participant’s death or “permanent and total disability” (within the
meaning of Section 22(e)(3) of the Code) and (ii) at least 30 days from the
date of termination, if termination was caused other than by such Participant’s
death or “permanent and total disability” (within the meaning of Section
22(e)(3) of the Code).

(e)   Limitation on Repurchase Rights.  If an Option granted to a California
Participant gives the Company the right to repurchase shares of Common Stock
issued pursuant to the Plan 

 A-1
 

 

upon termination of
employment of such Participant, the terms of such repurchase right must comply
with Section 260.140.41(k) of the California Regulations.

 

2.     Additional
Limitations for Restricted Stock Awards.

(a)   Minimum Purchase Price.  The purchase price for a Restricted Stock
Award granted to a California Participant shall be not less than 85% of the
Fair Market Value of the Common Stock at the time such Participant is granted
the right to purchase shares under the Plan or at the time the purchase is
consummated; provided, however, that if such Participant is a
person who owns stock possessing more than 10% of the total combined voting
power or value of all classes of stock of the Company or its parent or
subsidiary corporations, the purchase price shall be not less than 100% of the
Fair Market Value of the Common Stock at the time such Participant is granted
the right to purchase shares under the Plan or at the time the purchase is
consummated.

(b)   Limitation of Repurchase Rights.  If a Restricted Stock Award granted to a
California Participant gives the Company the right to repurchase shares of
Common Stock issued pursuant to the Plan upon termination of employment of such
Participant, the terms of such repurchase right must comply with Section
260.140.42(h) of the California Regulations.

3.     Additional
Limitations for Other Stock-Based Awards. 
The terms of all Awards granted to a California Participant under
Section 7 of the Plan shall comply, to the extent applicable, with Section
260.140.41 or Section 260.140.42 of the California Regulations.

4.     Additional
Requirement to Provide Information to California Participants.  The Company shall provide to each California
Participant and to each California Participant who acquires Common Stock
pursuant to the Plan, not less frequently than annually, copies of annual
financial statements (which need not be audited).  The Company shall not be required to provide
such statements to key employees whose duties in connection with the Company assure
their access to equivalent information.

5.     Additional
Limitations on Timing of Awards.  No
Award granted to a California Participant shall become exercisable, vested or
realizable, as applicable to such Award, unless the Plan has been approved by a
majority of the Company’s stockholders within 12 months before or after the
date the Plan was adopted by the Board.

6.     Additional
Limitations Relating to Definition of Fair Market Value.  For purposes of Section 1(b) and 2(a) of this
supplement, “Fair Market Value” shall be determined in a manner not
inconsistent with Section 260.140.50 of the California Regulations.

7.     Additional
Restriction Regarding Recapitalizations, Stock Splits, Etc.  For purposes of Section 8 of the Plan, in the
event of a stock split, reverse stock split, stock dividend, recapitalization,
combination, reclassification or other distribution of the Company’s
securities, the number of securities allocated to each California Participant
must be adjusted proportionately and without the receipt by the Company of any
consideration from any California Participant.

 

 A-2

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00121-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00121-of-00352.parquet"}]]