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                                                                    Exhibit 10.3

                            OASIS SEMICONDUCTOR, INC.

                            2004 DIRECTOR STOCK PLAN

1.   PURPOSE

     The purpose of this 2004 Director Stock Plan (the "Plan") of Oasis
Semiconductor, 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 non-employee directors who make (or are expected to
make) important contributions to the Company by providing such persons with
equity ownership opportunities and performance-based incentives and thereby
better aligning the interests of such persons with those of the Company's
stockholders.

2.   ELIGIBILITY

     Each director of the Company who is not an employee of the Company or any
parent or subsidiary of the Company ("Non-Employee Director") shall be eligible
to receive options (an "Award") under the Plan (a "Participant").

3.   ADMINISTRATION AND DELEGATION

     (a)    ADMINISTRATION BY BOARD OF DIRECTORS The Plan will be administered
by the Board of Directors of the Company (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 6, Awards may be made under the Plan
for up to 250,000 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 or results in any Common Stock not being

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issued, the unused Common Stock covered by such Award shall again be available
for the grant of Awards under the Plan. All options granted under the Plan shall
be non-statutory options not entitled to special tax treatment under Section 422
of the Internal Revenue Code of 1986, as amended (the "Code"). Shares issued
under the Plan may consist in whole or in part of authorized but unissued shares
or treasury shares.

5.   TERMS, CONDITIONS AND FORM OF OPTIONS

     Each option granted under the Plan shall be evidenced by a written
agreement in such form as the Board shall from time to time approve, which
agreements shall comply with and be subject to the following terms and
conditions:

     (a)    OPTION GRANTS Each person who is a Non-Employee Director on the date
this Plan is approved by the Company's stockholders (the " Effective Date") and
each person who subsequently becomes a Non-Employee Director shall be
automatically granted (i) an option to purchase 5,000 shares of Common Stock on
the date of which the later of the following events occurs: (A) the Effective
Date; or (B) the date on which such person first becomes a Non-Employee
Director, whether through election by the stockholders of the Company or
appointment by the Board and (ii) an option to purchase 5,000 shares of Common
Stock on the business day following the Company's annual meeting of stockholders
each year, beginning in 2005, if on such date he or she shall have served on the
Board for at least one hundred eighty (180) days. Each date of grant of an
option pursuant to this Section 5(a) is hereinafter referred to as an "Option
Grant Date."

     (b)    OPTION EXERCISE PRICE The option exercise price per share for each
option granted under the Plan shall equal (i) until the Common Stock is
registered under the Securities Exchange Act of 1934, as amended (the "Exchange
Act"), the fair market value of Common Stock, as determined (or in a manner
approved by) the Board in good faith ("Fair Market Value"), on the Option Grant
Date or (ii) when the Common Stock is registered under the Exchange Act, the
closing price of the Common Stock on the Nasdaq National Market, as published in
THE WALL STREET JOURNAL, on the last trading day immediately preceding the
Option Grant Date. If no sales of Common Stock were made on the last trading day
immediately preceding the Option Grant Date, the price of the Common Stock for
purposes hereof shall be the reported price for the next preceding day on which
such sales were made.

     (c)    TRANSFERABILITY OF OPTIONS Except as the Board may otherwise
determine or provide in an option granted under the Plan, any option granted
under the Plan shall not be sold, assigned, transferred, pledged or otherwise
encumbered by the Participant, either voluntarily or by operation of law, except
by will or the laws of descent and distribution, 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.

     (d)    VESTING PERIOD Each option granted pursuant to Section 5(a) above
shall be fully vested on the Option Grant Date.

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     (e)    TERMINATION Each option shall terminate, and may no longer be
exercised, on the earlier of (i) the date ten years after the Option Grant Date
of such option or (ii) the date which is 90 days after the date on which the
Participant ceases to serve as a member of the Board.

     (f)    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 5(g) for the number of
shares for which the Option is exercised.

     (g)    PAYMENT UPON EXERCISE Common Stock purchased upon the exercise of an
Option granted under the Plan shall, unless otherwise prohibited by applicable
law, be paid for as follows:

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

            (2)   except as the Board may, in its sole discretion, otherwise
provide in an option agreement, by (A) 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 (B) 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, provided (A) such method of payment is then permitted under
applicable law and (B) such Common Stock, if acquired directly from the Company
was owned by the Participant at least six months prior to such delivery;

            (4)   to the extent permitted by law and the Board, in its sole
discretion by (A) delivery of a promissory note of the Participant to the
Company on terms determined by the Board, or (B) payment of such other lawful
consideration as the Board may determine; or

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

     (h)    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.

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6.   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 than a normal
cash dividend, (i) the number and class of securities available under this Plan
and (ii) the number and class of securities and exercise price per share subject
to each outstanding Option shall be appropriately adjusted by the Company (or
substituted Awards may be made, if applicable) to the extent the Board shall
determine, in good faith, that such an adjustment (or substitution) is necessary
and appropriate. If this Section 6(a) applies and Section 6(c) also applies to
any event, Section 6(c) shall be applicable to such event, and this Section 6(a)
shall not be applicable.

     (b)    LIQUIDATION OR DISSOLUTION In the event of a proposed liquidation or
dissolution of the Company, the Board shall upon written notice to the
Participants provide that all then unexercised Options will (i) become
exercisable in full as of a specified time at least 10 business days prior to
the effective date of such liquidation or dissolution and (ii) terminate
effective upon such liquidation or dissolution, except to the extent exercised
before such effective date.

     (c)    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 (B) any exchange of all
of the Common Stock of the Company for cash, securities or other property
pursuant to a share exchange transaction.

            (2)   CONSEQUENCES OF A REORGANIZATION EVENT ON OPTIONS Upon the
occurrence of a Reorganization Event, or the execution by the Company of any
agreement with respect to a Reorganization Event, the Board shall provide that
all outstanding Options shall be assumed, or equivalent options shall be
substituted, by the acquiring or succeeding corporation (or an affiliate
thereof). For purposes hereof, an Option shall be considered to be 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 exercise of Options to consist solely of common stock of the
acquiring or succeeding corporation (or an affiliate thereof) equivalent in fair
market value to the per share consideration received by holders of outstanding
shares of Common Stock as a result of the Reorganization Event.

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     Notwithstanding the foregoing, if the acquiring or succeeding corporation
(or an affiliate thereof) does not agree to assume, or substitute for, such
Options, then the Board shall, upon written notice to the Participants, provide
that all then unexercised Options will become exercisable in full as of a
specified time prior to the Reorganization Event and will terminate immediately
prior to the consummation of such Reorganization Event, except to the extent
exercised by the Participants before the consummation of such Reorganization
Event; provided, however, that 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 of Common Stock surrendered pursuant to such
Reorganization Event (the "Acquisition Price"), then the Board may instead
provide that all outstanding Options shall terminate upon consummation of such
Reorganization Event and that each Participant shall receive, in exchange
therefor, a cash payment equal to the amount (if any) by which (A) the
Acquisition Price multiplied by the number of shares of Common Stock subject to
such outstanding Options (whether or not then exercisable), exceeds (B) the
aggregate exercise price of such Options. To the extent all or any portion of an
Option becomes exercisable solely as a result of the first sentence of this
paragraph, 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 (1) shall lapse at the same rate as the
Option would have become exercisable under its terms and (2) shall not apply to
any shares subject to the Option that were exercisable under its terms without
regard to the first sentence of this paragraph.

7.   MISCELLANEOUS

     (a)    NO RIGHT TO CONTINUE AS A DIRECTOR Neither the Plan, nor the
granting of an option nor any other action taken pursuant to the Plan, shall
constitute or be evidence of any agreement or understanding, express or implied,
that the Company will retain the Participant as a Non-Employee Director for any
period of time.

     (b)    NO STOCKHOLDER'S RIGHTS FOR OPTIONS A Participant shall have no
rights as a stockholder with respect to the shares covered by his or her option
until the date of the issuance to him or her of a stock certificate therefor,
and no adjustment will be made for dividends or other rights (except as provided
in Section 6) for which the record date is prior to the date such certificate is
issued.

     (c)    COMPLIANCE WITH SECURITIES LAWS Each option shall be subject to the
requirement that if, at any time, counsel to the Company shall determine that
the listing, registration or qualification of the shares subject to such option
upon any securities exchange or under any state or federal law, or the consent
or approval of any governmental or regulatory body, or the disclosure of
non-public information or the satisfaction of any other condition is necessary
as a condition of, or in connection with, the issuance or purchase of shares
thereunder, such option may not be exercised, in whole or in part, unless such
listing, registration, qualification, consent or approval, or satisfaction of
such condition shall have been effected or obtained on conditions acceptable to
the Board. Nothing herein shall be deemed to require the Company to apply for or
to obtain such listing, registration or qualification, or to satisfy such
condition.

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     (d)    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 changing the vesting schedule, 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.

     (e)    AMENDMENT OF PLAN The Board may amend, suspend or terminate the Plan
or any portion thereof at any time.

     (f)    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, without regard to any applicable conflicts of law.

Adopted by the Board of Directors on March 11, 2004.

Approved by the stockholders as of ______________, 2004.

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                                                                    Exhibit 10.4

                            OASIS SEMICONDUCTOR, INC.

                            2004 STOCK INCENTIVE PLAN

1.   PURPOSE

     The purpose of this 2004 Stock Incentive Plan (the "Plan") of Oasis
Semiconductor, Inc. Corporation, 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 make (or are expected to
make) important contributions to the Company by providing such persons with
equity ownership opportunities and performance-based incentives and thereby
better aligning the interests of such persons 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 be granted options, restricted stock awards, stock
appreciation rights or other stock-based awards (each, an "Award") under the
Plan. Each person who has been granted an Award under the Plan shall be 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.

     (c)    DELEGATION TO OFFICERS. To the extent permitted by applicable law,
the Board may delegate to one or more officers of the Company the power to grant
Awards to employees or officers of the Company or any of its present or future
subsidiary corporations and to exercise

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such other powers under the Plan as the Board may determine, provided that the
Board shall fix the terms of the Awards to be granted by such officers
(including the exercise price of such Awards, which may include a formula by
which the exercise price will be determined) and the maximum number of shares
subject to Awards that the officers may grant; provided further, however, that
no officer shall be authorized to grant Awards to any "executive officer" of the
Company (as defined by Rule 3b-7 under the Securities Exchange Act of 1934, as
amended (the "Exchange Act")) or to any "officer" of the Company (as defined by
Rule 16a-1 under the Exchange Act).

4.   STOCK AVAILABLE FOR AWARDS

     (a)    NUMBER OF SHARES. Subject to adjustment under Section 9, Awards may
be made under the Plan for up to the number of shares of common stock, $0.001
par value per share, of the Company (the "Common Stock") that is equal to the
sum of:

            (1)   3,000,000 shares of Common Stock; plus

            (2)   an annual increase to be added on the first day of each of the
                  Company's fiscal years during the period beginning in fiscal
                  year 2005 and ending on the second day of fiscal year 2014
                  equal to the lesser of (i) 1,000,000 shares of Common Stock,
                  (ii) 3.5% of the outstanding shares on such date or (iii) an
                  amount determined by the Board.

     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, subject, however, in the case of Incentive Stock Options, 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.

     (b)    PER-PARTICIPANT LIMIT. Subject to adjustment under Section 8, for
Awards granted after the Common Stock is registered under the Securities
Exchange Act of 1934 (the "Exchange Act"), the maximum number of shares of
Common Stock with respect to which Awards may be granted to any Participant
under the Plan shall be 1,000,000 per calendar year. The per-Participant limit
described in this Section 4(b) shall be construed and applied consistently with
Section 162(m) of the Code ("Section 162(m)").

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".

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     (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 Oasis Semiconductor, Inc.,
any of Oasis Semiconductor, 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.

     (c)    EXERCISE PRICE. The Board shall establish the exercise price at the
time each Option is granted and specify it 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 5(f) for the number of
shares for which the Option is exercised.

     (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, in its sole discretion, 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 in good faith ("Fair Market
                  Value"), provided (i) such method of payment is then permitted
                  under applicable law and (ii) such Common Stock, if acquired
                  directly from the Company, was owned by the Participant at
                  least six months prior to such delivery;

            (4)   to the extent permitted by the Board, in its sole discretion
                  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

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            (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.

     (h)    REPRICING OF OPTIONS. The Board shall have the authority, at any
time and from time to time, with the consent of the affected Participants, to
amend any or all outstanding Options granted under the Plan to provide an Option
exercise price per share which may be lower or higher than the original Option
exercise price, and/or cancel any such Options and grant in substitution
therefor other Awards, including new Options, covering the same or different
numbers of shares of Common Stock having an Option exercise price per share
which may be lower or higher than the exercise price of the canceled Options.

6.   RESTRICTED STOCK

     (a)    GRANTS. The Board may grant Awards entitling recipients to acquire
shares of Common 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 (or to
require forfeiture of such shares if issued at no cost) 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 (each, a "Restricted Stock Award").

     (b)    TERMS AND CONDITIONS. The Board shall determine the terms and
conditions of any such Restricted Stock Award, including the conditions for
repurchase (or forfeiture) and the issue price, if any.

     (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.   STOCK APPRECIATION RIGHTS.

     (a)    NATURE OF STOCK APPRECIATION RIGHTS. A Stock Appreciation Right, or
SAR, is an Award entitling the holder on exercise to receive an amount in cash
or Common Stock or a combination thereof (such form to be determined by the
Board) determined in whole or in part by reference to appreciation, from and
after the date of grant, in the fair market value of a share of Common Stock.
SARs may be based solely on appreciation in the fair market value of Common
Stock or on a comparison of such appreciation with some other measure of market

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growth such as (but not limited to) appreciation in a recognized market index.
The date as of which such appreciation or other measure is determined shall be
the exercise date unless another date is specified by the Board in the SAR
Award.

     (b)    GRANTS. Stock Appreciation Rights may be granted in tandem with, or
independently of, Options granted under the Plan.

            (1)   RULES APPLICABLE TO TANDEM AWARDS. When Stock Appreciation
                  Rights are expressly granted in tandem with Options, the Stock
                  Appreciation Right and the related Options will be exercisable
                  only at such time or times and on such conditions as the Board
                  may specify in the SAR Award or the related Option.

            (2)   EXERCISE OF INDEPENDENT STOCK APPRECIATION RIGHTS. A Stock
                  Appreciation Right not expressly granted in tandem with an
                  Option will become exercisable at such time or times, and on
                  such conditions, as the Board may specify in the SAR Award.

     (c)    EXERCISE. Any exercise of a Stock Appreciation Right must be in
writing, signed by the proper person and delivered or mailed to the Company,
accompanied by any other documents required by the Board.

8.   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 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 Awards, including any purchase price applicable thereto. At the time
any Award is granted, the Board may provide that, at the time Common Stock would
otherwise be delivered pursuant to the Award, the Participant will instead
receive an instrument evidencing the Participant's right to future delivery of
the Common Stock.

9.   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 than a normal
cash dividend, (i) the number and class of securities available under this Plan,
(ii) the per-Participant limit set forth in Section 4(b), (iii) the number and
class of securities and exercise price per share subject to each outstanding
Option, (iv) the repurchase price per share subject to each outstanding
Restricted Stock Award, and (v) the terms of each other outstanding Award shall
be appropriately adjusted by the Company (or substituted Awards may

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be made, if applicable) to the extent the Board shall determine, in good faith,
that such an adjustment (or substitution) is necessary and appropriate. If this
Section 9(a) applies and Section 9(c) also applies to any event, Section 9(c)
shall be applicable to such event, and this Section 9(a) shall not be
applicable.

     (b)    LIQUIDATION OR DISSOLUTION. In the event of a proposed liquidation
or dissolution of the Company, the Board shall upon written notice to the
Participants provide that all then unexercised Options will (i) become
exercisable in full as of a specified time at least 10 business days prior to
the effective date of such liquidation or dissolution and (ii) terminate
effective upon such liquidation or dissolution, except to the extent exercised
before such effective date. The Board may specify the effect of a liquidation or
dissolution on any Restricted Stock Award or other Award granted under the Plan
at the time of the grant of such Award.

     (c)    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 (b) any exchange
                  of all of the Common Stock of the Company for cash, securities
                  or other property pursuant to a share exchange transaction.

            (2)   CONSEQUENCES OF A REORGANIZATION EVENT ON OPTIONS. Upon the
                  occurrence of a Reorganization Event, or the execution by the
                  Company of any agreement with respect to a Reorganization
                  Event, the Board shall provide that all outstanding Options
                  shall be assumed, or equivalent options shall be substituted,
                  by the acquiring or succeeding corporation (or an affiliate
                  thereof). For purposes hereof, an Option shall be considered
                  to be 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 exercise of Options to consist solely of
                  common stock of the acquiring or succeeding corporation (or an
                  affiliate thereof) equivalent in fair market value to the per
                  share consideration received by holders of outstanding shares
                  of Common Stock as a result of the Reorganization Event.

                                       -6-
<Page>

     Notwithstanding the foregoing, if the acquiring or succeeding corporation
(or an affiliate thereof) does not agree to assume, or substitute for, such
Options, then the Board shall, upon written notice to the Participants, provide
that all then unexercised Options will become exercisable in full as of a
specified time prior to the Reorganization Event and will terminate immediately
prior to the consummation of such Reorganization Event, except to the extent
exercised by the Participants before the consummation of such Reorganization
Event; provided, however, that 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 of Common Stock surrendered pursuant to such
Reorganization Event (the "Acquisition Price"), then the Board may instead
provide that all outstanding Options shall terminate upon consummation of such
Reorganization Event and that each Participant shall receive, in exchange
therefor, a cash payment equal to the amount (if any) by which (A) the
Acquisition Price multiplied by the number of shares of Common Stock subject to
such outstanding Options (whether or not then exercisable), exceeds (B) the
aggregate exercise price of such Options. To the extent all or any portion of an
Option becomes exercisable solely as a result of the first sentence of this
paragraph, 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 (1) shall lapse at the same rate as the
Option would have become exercisable under its terms and (2) shall not apply to
any shares subject to the Option that were exercisable under its terms without
regard to the first sentence of this paragraph.

            (3)   CONSEQUENCES OF A REORGANIZATION EVENT ON RESTRICTED STOCK
                  AWARDS. Upon the occurrence of a Reorganization Event, 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.

            (4)   CONSEQUENCES OF A REORGANIZATION EVENT ON OTHER AWARDS. The
                  Board shall specify the effect of a Reorganization Event on
                  any other Award granted under the Plan at the time of the
                  grant of such Award.

10.  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, 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.

                                       -7-
<Page>

     (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, the Participant's legal
representative, conservator, guardian or Designated Beneficiary may exercise
rights under the Award.

     (e)    WITHHOLDING. Each Participant shall pay to the Company, or make
provision satisfactory to the Board for payment of, any taxes required by law to
be withheld in connection with Awards to such Participant no later than the date
of the event creating the tax liability. Except as the Board may otherwise
provide in an Award, when 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, 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). 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.

11.  MISCELLANEOUS

                                       -8-
<Page>

     (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 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 ten 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, provided that to the extent required by
Section 162(m), no Award granted to a Participant that is intended to comply
with Section 162(m) after the date of such amendment shall become exercisable,
realizable or vested, as applicable to such Award, unless and until such
amendment shall have been approved by the Company's stockholders as required by
Section 162(m) (including the vote required under Section 162(m)).

     (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)    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, without regard to any applicable conflicts of law.

                                       -9-
<Page>

Adopted by the Board of Directors on March 11, 2004.

Approved by the stockholders as of ______________, 2004.

                                      -10-

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