Document:

EXHIBIT 10.1

ESCROW AGREEMENT

THIS ESCROW AGREEMENT is made and entered into as of the day of ___________, 2011, by and among FIRST SECURITY BANK, N.A., a national banking association (the “ Bank ”); Crown Exploration Partners, Ltd., a Texas limited partnership (the “ Managing General Partner ”), and the Managing General Partner of Crown Exploration Fund I, L.P., a limited partnership to be formed under the laws of Texas (the “ Partnership ”); and TEXAS SECURITIES, INC., a Texas corporation and the broker dealer (the “ Broker Dealer ”) of the proposed securities offering of units of the Partnership.

I.  RECITALS

1.1            The Agreement.   The Managing General Partner has prepared an offering prospectus (“ Prospectus ”) on behalf of the Partnership pertaining to the offer and subscription for partnership interest in the Partnership (“ Units ”) aggregating $8,400,000, upon the terms and subject to the conditions set forth in the Prospectus which, among other things, provides that each person desiring to subscribe for Units will be required to forward to the Broker Dealer a check payable to the order of “First Security Bank, N.A., Escrow Agent for Crown Exploration Fund I, L.P.” in an amount equal to his subscription to the Partnership.

1.2            Purpose Hereof.   The Bank, the Managing General Partner (for itself and the Partnership) and the Broker Dealer hereby enter into this Escrow Agreement.

II. ESCROW PROVISIONS

2.1            Appointment of Bank.   The Bank is hereby appointed Escrow Agent to hold and dispose of all funds paid by subscribers (“ Escrow Funds “) for Units or reservations for such Units, as hereinafter provided.

2.2            Deposit and Receipt of Funds.

(a)           The Broker Dealer shall deposit all checks received by it in payment of subscriptions in an escrow account entitled “First Security Bank, N.A., Escrow Agent for Crown Exploration Fund I, L.P.,” established at the Bank, for the purpose of this Escrow Agreement.  The Broker Dealer shall deposit each check received by it in payment of subscriptions in the escrow account no later than noon of the business day following the receipt of the check.  Concurrently with the delivery of such deposits to the Bank, the Broker Dealer shall supply the Bank and the Managing General Partner with the name, mailing address and a completed Form W9/W8 for each subscriber.  The Bank shall hold the proceeds of said checks (the “ Escrow Funds ”) in escrow until disbursements therefrom are directed as set forth in Paragraph 2.4.

(b)           The Managing General Partner and Broker Dealer shall each execute and deliver to the Escrow Agent a certificate of incumbency substantially in the form of Exhibit A hereto for the purpose of establishing the identity of the representatives of the Managing General Partner and Broker Dealer entitled to issue instructions or directions to the Escrow Agent on behalf of each such party.  In the event of any change in the identity of such representatives, a new certificate of incumbency shall be executed and delivered to the Escrow Agent by the appropriate party.  Until such time as the Escrow Agent shall receive a new incumbency certificate, the Escrow Agent shall be fully protected in relying without inquiry on any then current incumbency certificate on file with the Escrow Agent.

(c)           The Managing General Partner, Partnership and Broker Dealer shall each furnish the Escrow Agent with a completed Form W-8 or Form W-9, as applicable.

2.3            Investment of Funds.   The Escrow Funds shall be invested only in short term institutional investments including bank accounts, insured bank money market accounts or certificates of deposit issued by a bank.  The interest earned shall be added to the Escrow Funds and disbursed in accordance with the provisions of Paragraph 2.4 or 2.10, as the case may be.

2.4            Disbursement of Escrow Funds.   At such time as (i) checks representing subscriptions for at least 40 Units ($1,000,000) shall have been deposited with the Bank, without regard to Units subscribed for by the Managing General Partner or its affiliates, and (ii) funds for at least $1,000,000 shall have been collected by the Bank, upon receipt by the Bank of written instructions from the Managing General Partner and the Broker Dealer informing the Bank of the date of closing with respect to the Partnership, the Bank will deliver to the Managing General Partner certified, or official bank or trust checks drawn on the Escrow Funds to the orders and in the amounts set forth in the aforementioned instructions.  The Bank shall not disburse any Escrow Funds to the Partnership until at least $1,000,000 in collected funds have been deposited in the Escrow Account.  All such disbursement instructions shall be unconditional and shall not impose any duties upon the Bank other than that of disbursing Escrow Funds in a designated amount to a particular party.  In the event that any funds, including cleared funds but excluding funds that are part of the initial $1,000,000 necessary for disbursement, deposited in the Escrow Account prove uncollectible after the funds represented thereby have been released by the Escrow Agent pursuant to this Agreement, the Managing General Partner shall immediately reimburse the Escrow Agent upon request for the face amount of such check or checks, together with reasonable and customary charges and expenses related thereto, and the Escrow Agent shall deliver the returned checks or other instruments to the Managing General Partner.  The Managing General Partner acknowledges that its obligation in the preceding sentence shall survive the termination of this Agreement and the resignation or removal of the Escrow Agent.

 

  

  

  

 

2.5            Return of Escrow Funds to Subscribers.   Before, at or following the closing, the Managing General Partner may separately instruct the Bank in writing to return to any subscriber so specified by the Managing General Partner an amount equal to the total amount of Units subscribed for, together with interest attributable thereto, if any, as calculated by the Managing General Partner.

2.6            Bank’s Responsibility.   The Bank’s sole responsibility shall be for the safekeeping of the Escrow Funds, the deposit of the Escrow Funds pursuant to Paragraph 2.3 and the disbursement thereof in accordance with Paragraph 2.4, 2.5 or 2.10, and the Bank shall not be required to take any other action with reference to any matters which might arise in connection with the Escrow Funds or this Escrow Agreement.  The Bank may act upon any written instruction or other instrument which the Bank in good faith believes to be genuine and what it purports to be.  THE BANK SHALL NOT BE LIABLE FOR ANY ACTION TAKEN BY IT IN GOOD FAITH AND BELIEVED TO BE AUTHORIZED OR WITHIN THE RIGHTS OR POWERS CONFERRED UPON IT BY THIS ESCROW AGREEMENT OR FOR ANYTHING WHICH THE BANK MAY DO OR REFRAIN FROM DOING IN CONNECTION HEREWITH UNLESS THE BANK IS GUILTY OF GROSS NEGLIGENCE OR WILLFUL MISCONDUCT.  IN NO EVENT SHALL THE ESCROW AGENT BE LIABLE TO THE MANAGING GENERAL PARTNER, PARTNERSHIP OR THE BROKER DEALER OR ANY THIRD PARTY FOR SPECIAL, INDIRECT, OR CONSEQUENTIAL DAMAGES, OR LOST PROFITS OR LOSS OF BUSINESS ARISING UNDER OR IN CONNECTION WITH THIS AGREEMENT.  The Bank may consult with counsel of its own choice and shall have full and complete authorization and protection for any action taken or suffered by it hereunder in good faith and in accordance with the opinion of such counsel, except actions of gross negligence or willful misconduct.  The Bank is not a party to, nor is it bound by, nor need it give consideration to the terms or provisions of, even though it may have knowledge of, (i) any agreement or undertaking between the Managing General Partner and any other party or parties, except for this Escrow Agreement, (ii) any agreement or undertaking which may be evidenced or disclosed by this Escrow Agreement or the Prospectus, or (iii) any other agreement that may now or in the future be deposited with the Bank in connection with this Escrow Agreement.  The Bank has no duty to determine or inquire into any happening or occurrence or any performance or failure of performance of the Managing General Partner or any other party with respect to agreements or arrangements with each other or with any other party or parties.  The Bank shall have no responsibility or liability for any diminution in value of any assets held hereunder which may result from any investments or reinvestment made in accordance with any provision which may be contained herein.  The Bank shall be under no obligation to invest the deposited funds or the income generated thereby until it has received a Form W-9 or W-8, as applicable, from the Managing General Partner, Partnership, Broker Dealer and subscribers, regardless of whether such party is exempt from reporting or withholding requirements under the Internal Revenue Code of 1986, as amended.

2.7            Possible Disagreements.   If any disagreement should arise between the parties hereto or with any other party with respect to the Escrow Funds or this Escrow Agreement or if the Bank in good faith is in doubt as to what action should be taken hereunder, the Bank shall have the absolute right at its election to do either or both of the following: (i) withhold or stop all further performance under this Escrow Agreement and all instructions received in connection herewith until the Bank is satisfied that such disagreement has been resolved, or (ii) file a suit in interpleader and obtain an order from a court of appropriate jurisdiction requiring all persons involved to litigate in such court their respective claims arising out of or in connection with the Escrow Funds.

 

  

  

  

 

2.8            Indemnity To Bank.   THE MANAGING GENERAL PARTNER AND BROKER DEALER JOINTLY AND SEVERALLY AGREE TO INDEMNIFY AND HOLD THE BANK HARMLESS AGAINST AND FROM ANY AND ALL COSTS, EXPENSES, CLAIMS, LOSSES, LIABILITIES AND DAMAGES (INCLUDING REASONABLE ATTORNEYS’ FEES) THAT MAY ARISE OUT OF OR IN CONNECTION WITH THE BANK’S ACTING AS ESCROW AGENT UNDER THE TERMS OF THIS ESCROW AGREEMENT, EXCEPT IN THOSE INSTANCES WHERE THE BANK HAS BEEN GUILTY OF GROSS NEGLIGENCE OR WILLFUL MISCONDUCT, AND INDEMNIFICATION SHALL SURVIVE THE BANK’S RESIGNATION OR REMOVAL, OR THE TERMINATION OF THE AGREEMENT.  AT THE REQUEST OF THE BANK, THE MANAGING GENERAL PARTNER SHALL CAUSE THE PARTNERSHIP, ONCE IT IS FORMED, TO ENTER INTO THIS COVENANT TO INDEMNIFY THE BANK.

2.9           Compensation.   The Bank shall be entitled to compensation for its services hereunder as per Exhibit B attached hereto, which is made a part hereof, and for reimbursement of its out-of-pocket expenses including, but not by way of limitation, the fees and costs of attorneys or agents that it may find necessary to engage in performance of its duties hereunder, all to be paid by the Managing General Partner.  At such time as the required minimum of 40 Units ($1,000,000), without regard to Units subscribed for by the Managing General Partner or its affiliates, shall have been collected and be disbursable to the Managing General Partner, the Escrow Agent shall have, and is hereby granted, a prior lien upon any property, cash, or assets of the Escrow Account, with respect to its unpaid fees and nonreimbursed expenses, superior to the interests of any other persons or entities.  At such time as the required minimum of 40 Units ($1,000,000), without regard to Units subscribed for by the Managing General Partner or its affiliates, shall have been collected and be disbursable to the Managing General Partner, the Bank shall be entitled to and is hereby granted the right to set off and deduct any unpaid fees and/or nonreimbursed expenses from amounts on deposit in the Escrow Funds.

2.10         Return of Escrow Funds.   If the required minimum of 40 Units ($1,000,000), without regard to Units subscribed for by the Managing General Partner or its affiliates, are not subscribed for and accepted by the Managing General Partner prior to ____________ the Bank will promptly return to subscribers from the Escrow Funds an amount equal to the principal amount of Units subscribed for together with interest attributable thereto where appropriate.

2.11         Effective Date and Termination.   This Escrow Agreement shall become effective on the date of this agreement.  All of the provisions of this Escrow Agreement shall be fully performed and this Escrow Agreement shall terminate by the disbursement of all Escrow Funds as herein set out.

2.12         Statements.   During the term of this Agreement, the Escrow Agent shall provide the Broker Dealer with monthly statements containing the beginning balance in the escrow account as well as all principal and income transactions for the statements period.  Broker Dealer shall be responsible for reconciling these statements.  The Escrow Agent shall be forever released and discharged from all liability with respect to the accuracy of such statements and the transactions listed therein, except with respect to any such act or transaction as to which the Broker Dealer shall within 90 days after the furnishing of the statement file written objections with the Escrow Agent.

2.13          Notices and Communications.   All notices and communications hereunder shall be in writing and shall be deemed to be duly given if sent by registered mail, return receipt requested, as follows:

First Security Bank, N.A.

 _________________

 _________________

 Attn.: ____________

Telephone: _______

Facsimile: ________

Crown Exploration Partners, Ltd.

4024 Nazarene Drive

Carrollton, Texas 75010

Telephone: 972.395.1133

Facsimile: __________

Texas Securities, Inc.

4024 Nazarene Drive

Carrollton, Texas 75010

Telephone: 972.395.1133

Facsimile: ___________

 

  

  

  

 

2.14          Resignation.   The Bank may resign and be discharged from its duties or obligations hereunder by giving notice in writing of such resignation specifying a date when such resignation shall take place.

2.15          Entire Agreement.   This instrument evidences the entire agreement between the Bank, the Partnership, the Managing General Partner and the Broker Dealer.

2.16          Applicable Law .  This agreement shall be construed and enforced according to the laws of the State of Texas, and the provisions herein administered in accordance with such laws.

2.17          Approval of Offering .  The Bank is acting solely as Escrow Agent and has not reviewed or approved the offering of the Units, nor is it required to review or approve the offering of the Units or the economic viability of the Partnership, nor any other matters relating to the sale of the Units other than this Agreement.

2.18.         Tax Matters.

(a)            Preparation and Filing of Tax Returns .  The Managing General Partner is required to prepare and file any and all income or other tax returns applicable to the Escrow Funds with the Internal Revenue Service and all required state and local departments of revenue in all years income is earned in any particular tax year as and to the extent required under the provisions of the Code.

(b)            Unrelated Transactions .  The Escrow Agent shall have no responsibility for the preparation of and/or filing of any tax or information return with respect to any transaction, whether or not related to this Agreement or a related agreement, that occurs outside the Escrow Funds.

WITNESS THE EXECUTION OF THIS ESCROW AGREEMENT, as of the date first above written.

 

	  	
FIRST SECURITY BANK, N.A.

	  
	  	  	  	  
	  	
By:

	  	  
	  	  	
Name: 

	  
	  	  	
Title:  

	  

  

  

  

	  	
CROWN EXPLORATION PARTNERS, LTD.

	  	
individually and as Managing General Partner of Crown Exploration Fund I, L.P.

	  	  	  	  
	  	
By:

	
Petro Share Management, LLC,

	  	
Its general partner

	  	  	  	  
	  	
By:

	  	  
	  	  	
Name:

	  
	  	  	  	  
	  	  	
Title:

	  
	  	  	  	  
	  	  	  	  
	  	
TEXAS SECURITIES, INC.

	  	  	  	  
	  	
By:

	  
	  	  	
Name:

	  
	  	  	  	  
	  	  	
Title:

	  
	  	  	  	  

  

  

  

 

EXHIBIT A

CERTIFICATE OF INCUMBENCY

The undersigned, _________________, of ___________________, hereby certifies that the following named officers are duly appointed, qualified and acting in the capacity set forth opposite his/her name, and the following signature is the true and genuine signature of said officer.

 

	
Name

	  	
Title

	  	
Signature

	  	  	
  

	  	
  

	  	  	
  

	  	
  

	  	  	
  

	  	
  

Such officers are hereby authorized to furnish the Escrow Agent with directions relating to any matter concerning this Escrow Agreement and the funds and/or property held pursuant thereto.

IN WITNESS WHEREOF, ________________has caused this Certificate of Incumbency to be executed by its officer duly authorized this_________ day of ____________, 200___.

 

	  	
[Name of Party]

	  
	  	  	  	  
	  	
By:

	  	  
	  	  	
Name: 

	  
	  	  	
Title:  

	  

  

  

  

 

EXHIBIT B

SCHEDULE OF ESCROW AGENT FEES

Annual Administration Fee:

Out-of-pocket Expenses :

Expenses for extraordinary services, such as, but not limited to, travel, legal, securities delivery and legal notice publication will be billed additionally.

Additional Terms and Conditions:

In the event the escrow is not funded, the Annual Administration Fee and all related expenses will not be refunded.  The flat fee covers a full year in advance, or any part thereof, and is not pro-rated in the year of termination.EXHIBIT 10.1
    

    

    

    
      ANIKA THERAPEUTICS, INC.
    

    	
          
            SECOND AMENDED AND RESTATED
          

        
	
          
            2003 STOCK OPTION AND INCENTIVE
            PLAN
          

        

    

    
      SECTION 1.  GENERAL PURPOSE OF THE PLAN; DEFINITIONS 
    

    
      The name of the plan is the Anika Therapeutics, Inc. Second Amended and
      Restated 2003 Stock Option and Incentive Plan, as amended and restated
      (the “Plan”). The purpose of the Plan is to encourage and enable the
      officers, employees, Non-Employee Directors and other key persons
      (including consultants and prospective employees) of Anika
      Therapeutics, Inc. (the “Company”) and its Subsidiaries upon whose
      judgment, initiative and efforts the Company largely depends for the
      successful conduct of its business to acquire a proprietary interest in
      the Company. It is anticipated that providing such persons with a direct
      stake in the Company’s welfare will assure a closer identification of
      their interests with those of the Company and its stockholders, thereby
      stimulating their efforts on the Company’s behalf and strengthening
      their desire to remain with the Company.
    

    
      The following terms shall be defined as set forth below:
    

    
      “Act” means the Securities Act of 1933, as amended, and the
      rules and regulations thereunder.
    

    
      “Award” or “Awards,” except where
      referring to a particular category of grant under the Plan, shall
      include Incentive Stock Options, Non-Qualified Stock Options, Stock
      Appreciation Rights, Deferred Stock Awards, Restricted Stock Awards,
      Unrestricted Stock Awards, Performance Share Awards and Dividend
      Equivalent Rights.
    

    
      “Award Agreement” means a written or electronic
      agreement setting forth the terms and provisions applicable to an Award
      granted under the Plan.  Each Award Agreement is subject to the terms
      and conditions of the Plan.
    

    
      “Board” means the Board of Directors of the Company.
    

    
      “Cash-Based Award” means an Award entitling the recipient
      to receive a cash-denominated payment.
    

    
      “Code” means the Internal Revenue Code of 1986, as amended,
      and any successor Code, and related rules, regulations and
      interpretations.
    

    
      “Covered Employee” means an employee who is a “Covered
      Employee” within the meaning of Section 162(m) of the Code.
    

    
      
        

        

      

      
        

        

        
          

        

      

      
        

        

      

    

    
      “Deferred Stock Award” means an Award of phantom
      stock units to a grantee.
    

    
      “Dividend Equivalent Right” means an Award entitling the
      grantee to receive credits based on cash dividends that would have been
      paid on the shares of Stock specified in the Dividend Equivalent Right
      (or other award to which it relates) if such shares had been issued to
      and held by the grantee.
    

    
      “Effective Date” means the date on which the amendment and
      restatement of the Plan is approved by stockholders as set forth in
      Section 22.
    

    
      “Exchange Act” means the Securities Exchange Act of 1934,
      as amended, and the rules and regulations thereunder.
    

    
      “Fair Market Value” of the Stock on any given date means
      the fair market value of the Stock determined in good faith by the
      Administrator; provided, however, that if the Stock is admitted to
      quotation on the National Association of Securities Dealers Automated
      Quotation System (“NASDAQ”), NASDAQ Global Market or another national
      securities exchange, the determination shall be made by reference to
      market quotations. If there are no market quotations for such date, the
      determination shall be made by reference to the last date preceding such
      date for which there are market quotations.
    

    
      “Incentive Stock Option” means any Stock Option designated
      and qualified as an “incentive stock option” as defined in Section 422
      of the Code.
    

    
      “Non-Employee Director” means a member of the Board who is
      not also an employee of the Company or any Subsidiary.
    

    
      “Non-Qualified Stock Option” means any Stock Option that is
      not an Incentive Stock Option.
    

    
      “Option” or “ Stock Option” means any
      option to purchase shares of Stock granted pursuant to Section 5.
    

    
      “Performance-Based Award” means any Restricted Stock
      Award, Deferred Stock Award, Cash-Based Award or Performance Share Award
      granted to a Covered Employee that is intended to qualify as
      “performance-based compensation” under Section 162(m) of the Code and
      the regulations promulgated thereunder.
    

    
      “Performance Criteria” means the criteria that the
      Administrator selects for purposes of establishing the Performance Goal
      or Performance Goals for an individual for a Performance Cycle.  The
      Performance Criteria (which shall be applicable to the organizational
      level specified by the Administrator, including, but not limited to, the
      Company or a unit, division, group, or Subsidiary of the Company) that
      will be used to establish Performance Goals are limited to the
      following: earnings before interest, taxes, depreciation and
      amortization, net income (loss) (either before or after interest, taxes,
      depreciation and/or amortization), changes in the market price of the
      Stock, economic value-added, funds from operations or similar measure,
      sales or revenue, acquisitions or strategic transactions, operating
      income (loss), cash flow (including, but not limited to, operating cash
      flow and free cash flow), return on capital, assets, equity, or
      investment, stockholder returns, return on sales, gross or net profit
      levels, productivity, expense, margins, operating efficiency, customer
      satisfaction, working capital, earnings (loss) per share of Stock, sales
      or market shares and number of customers, any of which may be measured
      either in absolute terms or as compared to any incremental increase or
      as compared to results of a peer group, and with respect to any Award
      that is not intended to be a Performance-Based Award, such criteria as
      may be determined by the Administrator.
    

    
      
        

        

      

      
        
          2
        

        
          

        

      

      
        

        

      

    

    
      “Performance Cycle” means one or more periods of time,
      which may be of varying and overlapping durations, as the Administrator
      may select, over which the attainment of one or more Performance
      Criteria will be measured for the purpose of determining a grantee’s
      right to and the payment of a Restricted Stock Award, Deferred Stock
      Award, Cash-Based Award or Performance Share Award.  Each such period
      shall not be less than 12 months.
    

    
      “Performance Goals” means, for a Performance Cycle,
      the specific goals established in writing by the Administrator for a
      Performance Cycle based upon the Performance Criteria.  
    

    
      “Performance Share Award” means an Award entitling
      the recipient to acquire shares of Stock upon the attainment of
      specified Performance Goals.
    

    
      “Restricted Stock Award” means an Award entitling the
      recipient to acquire, at such purchase price (which may be zero) as
      determined by the Administrator, shares of Stock subject to such
      restrictions and conditions as the Administrator may determine at the
      time of grant.
    

    
      “Sale Event” shall mean (i) the sale of all or
      substantially all of the assets of the Company on a consolidated basis
      to an unrelated person or entity, (ii) a merger, reorganization or
      consolidation pursuant to which the holders of the Company’s outstanding
      voting power immediately prior to such transaction do not own a majority
      of the outstanding voting power of the resulting or successor entity (or
      its ultimate parent, if applicable) immediately upon completion of such
      transaction, (iii) the sale of all of the Stock of the Company to an
      unrelated person or entity or (iv) any other transaction in which the
      owners of the Company’s outstanding voting power prior to such
      transaction do not own at least a majority of the outstanding voting
      power of the Company or any successor entity immediately upon completion
      of the transaction other than as a result of the acquisition of
      securities directly from the Company.
    

    
      “Sale Price” means the value as determined by the
      Administrator of the consideration payable, or otherwise to be received
      by stockholders, per share of Stock pursuant to a Sale Event.
    

    
      “Section 409A” means Section 409A of the Code and the
      regulations and other guidance promulgated thereunder.
    

    
      “Stock” means the Common Stock, par value $0.01 per share,
      of the Company, subject to adjustments pursuant to Section 3.
    

    
      “Stock Appreciation Right” means an Award entitling
      the recipient to receive shares of Stock or, if expressly provided in an
      Award Agreement, an amount in cash or a combination thereof, having a
      value equal to the excess of the Fair Market Value of the Stock on the
      date of exercise over the exercise price of the Stock Appreciation Right
      multiplied by the number of shares of Stock with respect to which the
      Stock Appreciation Right shall have been exercised.
    

    
      
        

        

      

      
        
          3
        

        
          

        

      

      
        

        

      

    

    
      “Subsidiary” means any corporation or other entity (other
      than the Company) in which the Company has at least a 50 percent
      interest, either directly or indirectly.
    

    
      “Ten Percent Owner” means an employee who owns or is
      deemed to own (by reason of the attribution rules of Section 424(d) of
      the Code) more than 10 percent of the combined voting power of all
      classes of stock of the Company or any parent or subsidiary corporation.
    

    
      “Unrestricted Stock Award” means an Award of shares
      of Stock free of any restrictions.
    

    	
          SECTION 2.
        	
          
            ADMINISTRATION OF PLAN; ADMINISTRATOR AUTHORITY TO
          

        
	

        	
          
            SELECT GRANTEES AND DETERMINE AWARDS
          

        

    

    
      (a)       Administration of Plan.  The
      Plan shall be administered by either the Board or a committee of not
      less than two Non-Employee Directors (in either case, the
      “Administrator”).
    

    
      (b)       Powers of Administrator.   The
      Administrator shall have the power and authority to grant Awards
      consistent with the terms of the Plan, including the power and authority:
    

    
      (i)       to select the individuals to whom Awards may from time to time
      be granted;
    

    
      (ii)      to determine the time or times of grant, and the extent, if
      any, of Incentive Stock Options, Non-Qualified Stock Options, Stock
      Appreciation Rights, Restricted Stock Awards, Deferred Stock Awards,
      Unrestricted Stock Awards, Performance Share Awards and Dividend
      Equivalent Rights, or any combination of the foregoing, granted to any
      one or more grantees;
    

    
      (iii)     to determine the number of shares of Stock to be covered by
      any Award;
    

    
      (iv)      to determine and modify from time to time the terms and
      conditions, including restrictions, not inconsistent with the terms of
      the Plan, of any Award, which terms and conditions may differ among
      individual Awards and grantees, and to approve the form of written
      instruments evidencing the Awards;
    

    
      (v)       to accelerate at any time the exercisability or vesting of all
      or any portion of any Award;
    

    
      (vi)      subject to the provisions of Section 5(b), to extend at any
      time the period in which Stock Options may be exercised; and
    

    
      (vii)     at any time to adopt, alter and repeal such rules, guidelines
      and practices for administration of the Plan and for its own acts and
      proceedings as it shall deem advisable; to interpret the terms and
      provisions of the Plan and any Award (including related written
      instruments); to make all determinations it deems advisable for the
      administration of the Plan; to decide all disputes arising in connection
      with the Plan; and to otherwise supervise the administration of the Plan.
    

    
      
        

        

      

      
        
          4
        

        
          

        

      

      
        

        

      

    

    
      All decisions and interpretations of the Administrator shall be binding
      on all persons, including the Company and Plan grantees.
    

    
      (c)       Delegation of Authority
      to Grant Options.   Subject to applicable law, the Administrator, in
      its discretion, may delegate to the Chief Executive Officer of the
      Company all or part of the Administrator’s authority and duties with
      respect to the granting of Options to individuals who are (i) not
      subject to the reporting and other provisions of Section 16 of the
      Exchange Act and (ii) not Covered Employees.  Any such delegation by the
      Administrator shall include a limitation as to the amount of Options
      that may be granted during the period of the delegation and shall
      contain guidelines as to the determination of the exercise price and the
      vesting criteria.  The Administrator may revoke or amend the terms of a
      delegation at any time but such action shall not invalidate any prior
      actions of the Administrator’s delegate or delegates that were
      consistent with the terms of the Plan.
    

    
      (d)       Award Agreement.  Awards
      under the Plan shall be evidenced by Award Agreements that set forth the
      terms, conditions and limitations for each Award which may include,
      without limitation, the term of an Award and the provisions applicable
      in the event employment or service terminates.
    

    
      (e)       Indemnification.   Neither
      the Board nor the Administrator, nor any member of either or any
      delegate thereof, shall be liable for any act, omission, interpretation,
      construction or determination made in good faith in connection with the
      Plan, and the members of the Board and the Administrator (and any
      delegate thereof) shall be entitled in all cases to indemnification and
      reimbursement by the Company in respect of any claim, loss, damage or
      expense (including, without limitation, reasonable attorneys’ fees)
      arising or resulting therefrom to the fullest extent permitted by law
      and/or under the Company’s articles or bylaws or any directors’ and
      officers’ liability insurance coverage which may be in effect from time
      to time and/or any indemnification agreement between such individual and
      the Company.
    

    
      (f)       Foreign Award Recipients.  Notwithstanding
      any provision of the Plan to the contrary, in order to comply with the
      laws in other countries in which the Company and its Subsidiaries
      operate or have employees or other individuals eligible for Awards, the
      Administrator, in its sole discretion, shall have the power and
      authority to:  (i) determine which Subsidiaries shall be covered by the
      Plan; (ii) determine which individuals outside the United States are
      eligible to participate in the Plan; (iii) modify the terms and
      conditions of any Award granted to individuals outside the United States
      to comply with applicable foreign laws; (iv) establish subplans and
      modify exercise procedures and other terms and procedures, to the extent
      the Administrator determines such actions to be necessary or advisable
      (and such subplans and/or modifications shall be attached to this Plan
      as appendices); provided, however, that no such subplans and/or
      modifications shall increase the share limitations contained in Section
      3(a) hereof; and (v) take any action, before or after an Award is
      made, that the Administrator determines to be necessary or advisable to
      obtain approval or comply with any local governmental regulatory
      exemptions or approvals.  Notwithstanding the foregoing, the
      Administrator may not take any actions hereunder, and no Awards shall be
      granted, that would violate the Exchange Act or any other applicable
      United States securities law, the Code, or any other applicable United
      States governing statute or law.
    

    
      
        

        

      

      
        
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      SECTION 3.  STOCK ISSUABLE UNDER THE PLAN; MERGERS;
      SUBSTITUTION
    

    
      (a)       Stock Issuable. The
      maximum number of shares of Stock reserved and available for issuance
      under the Plan shall be 3,150,000 shares, subject to adjustment as
      provided in Section 3(b). For purposes of this limitation, the shares of
      Stock underlying any Awards that are forfeited, canceled, held back upon
      exercise of an Option or settlement of an Award to cover the exercise
      price or tax withholding, reacquired by the Company prior to vesting,
      satisfied without the issuance of Stock or otherwise terminated (other
      than by exercise) shall be added back to the shares of Stock available
      for issuance under the Plan.  In the event the Company repurchases
      shares of Stock on the open market, such shares shall not be added to
      the shares of Stock available for issuance under the Plan.  Subject to
      such overall limitations, shares of Stock may be issued up to such
      maximum number pursuant to any type or types of Award; provided,
      however, that Stock Options or Stock Appreciation Rights with respect to
      no more than 400,000 shares of Stock may be granted to any one
      individual grantee during any one calendar year period and no more than
      3,150,000 shares of the Stock may be issued in the form of Incentive
      Stock Options.  The shares available for issuance under the Plan may be
      authorized but unissued shares of Stock or shares of Stock reacquired by
      the Company.
    

    
      The grant of any full value Award (i.e., an Award other than an Option
      or a Stock Appreciation Right) shall be deemed, for purposes of
      determining the number of shares of Stock available for issuance under
      this Section 3(a), as an Award of one and nine-tenths (1.9) shares of
      Stock for each such share of Stock actually subject to the Award.  The
      grant of an Option or a Stock Appreciation Right shall be deemed, for
      purposes of determining the number of shares of Stock available for
      issuance under this Section 3(a), as an Award for one (1) share of Stock
      for each such share of Stock actually subject to the Award.  Any
      forfeitures, cancellations or other terminations (other than by
      exercise) of such Awards shall be returned to the reserved pool of
      shares of Stock under the Plan in the same manner.
    

    
      (b)       Changes in Stock.   Subject
      to Section 3(c) hereof, if, as a result of any reorganization,
      recapitalization, reclassification, stock dividend, stock split, reverse
      stock split or other similar change in the Company’s capital stock, the
      outstanding shares of Stock are increased or decreased or are exchanged
      for a different number or kind of shares or other securities of the
      Company, or additional shares or new or different shares or other
      securities of the Company or other non-cash assets are distributed with
      respect to such shares of Stock or other securities, or, if, as a result
      of any merger or consolidation, sale of all or substantially all of the
      assets of the Company, the outstanding shares of Stock are converted
      into or exchanged for a different number or kind of securities of the
      Company or any successor entity (or a parent or subsidiary thereof), the
      Administrator shall make an appropriate or proportionate adjustment in
      (i) the maximum number of shares reserved for issuance under the Plan,
      including the maximum number of shares that may be issued in the form of
      Unrestricted Stock Awards, Restricted Stock Awards, Deferred Stock
      Awards Performance Share Awards or Incentive Stock Options (ii) the
      number of Stock Options or Stock Appreciation Rights that can be granted
      to any one individual grantee and the maximum number of shares that may
      be granted under a Performance-Based Award, (iii) the number and kind of
      shares or other securities subject to any then outstanding Awards under
      the Plan, (iv) the repurchase price, if any, per share subject to each
      outstanding Restricted Stock Award and (v) the exercise price for each
      share subject to any then outstanding Stock Options and Stock
      Appreciation Rights under the Plan, without changing the aggregate
      exercise price (i.e., the exercise price multiplied by the number of
      Stock Options and Stock Appreciation Rights) as to which such Stock
      Options and Stock Appreciation Rights remain exercisable. The
      Administrator shall also make equitable or proportionate adjustments in
      the number of shares subject to outstanding Awards and the exercise
      price and the terms of outstanding Awards to take into consideration
      cash dividends paid other than in the ordinary course or any other
      extraordinary corporate event.  The adjustment by the Administrator
      shall be final, binding and conclusive. No fractional shares of Stock
      shall be issued under the Plan resulting from any such adjustment, but
      the Administrator in its discretion may make a cash payment in lieu of
      fractional shares.
    

    
      
        

        

      

      
        
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      (c)       Mergers and Other
      Transactions.  Except as the Administrator may otherwise specify
      with respect to particular Awards in the relevant Award documentation,
      in the case of and subject to the consummation of a Sale Event, all
      Options and Stock Appreciation Rights that are not exercisable
      immediately prior to the effective time of the Sale Event shall become
      fully exercisable as of the effective time of the Sale Event, all other
      Awards with time-based vesting, conditions or restrictions shall become
      fully vested and nonforfeitable as of the effective time of the Sale
      Event and all Awards with conditions and restrictions relating to the
      attainment of performance goals may become vested and nonforfeitable in
      connection with a Sale Event in the Administrator’s discretion, unless,
      in any case, the parties to the Sale Event agree that Awards will be
      assumed or continued by the successor entity.  Upon the effective time
      of the Sale Event, the Plan and all outstanding Awards granted hereunder
      shall terminate, unless provision is made in connection with the Sale
      Event in the sole discretion of the parties thereto for the assumption
      or continuation of Awards theretofore granted by the successor entity,
      or the substitution of such Awards with new Awards of the successor
      entity or parent thereof, with appropriate adjustment as to the number
      and kind of shares and, if appropriate, the per share exercise prices,
      as such parties shall agree (after taking into account any acceleration
      hereunder).  In the event of such termination, (i) the Company shall
      have the option (in its sole discretion) to make or provide for a cash
      payment to the grantees holding Options and Stock Appreciation Rights,
      in exchange for the cancellation thereof, in an amount equal to the
      difference between (A) the Sale Price multiplied by the number of shares
      of Stock subject to outstanding Options and Stock Appreciation Rights
      (to the extent then exercisable (after taking into account any
      acceleration hereunder) at prices not in excess of the Sale Price) and
      (B) the aggregate exercise price of all such outstanding Options and
      Stock Appreciation Rights; or (ii) each grantee shall be permitted,
      within a specified period of time prior to the consummation of the Sale
      Event as determined by the Administrator, to exercise all outstanding
      Options and Stock Appreciation Rights held by such grantee.
    

    
      (d)       Substitute Awards.   The
      Administrator may grant Awards under the Plan in substitution for stock
      and stock based awards held by employees, directors or other key persons
      of another corporation in connection with the merger or consolidation of
      the employing corporation with the Company or a Subsidiary or the
      acquisition by the Company or a Subsidiary of property or stock of the
      employing corporation. The Administrator may direct that the substitute
      awards be granted on such terms and conditions as the Administrator
      considers appropriate in the circumstances. Any substitute Awards
      granted under the Plan shall not count against the share limitation set
      forth in Section 3(a).
    

    
      
        

        

      

      
        
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      SECTION 4.  ELIGIBILITY
    

    
      Grantees under the Plan will be such full or part-time officers and
      other employees, Non-Employee Directors and key persons (including
      consultants and prospective employees) of the Company and its
      Subsidiaries as are selected from time to time by the Administrator in
      its sole discretion.
    

    
      SECTION 5.  STOCK OPTIONS
    

    
      Any Stock Option granted under the Plan shall be in such form as the
      Administrator may from time to time approve.
    

    
      Stock Options granted under the Plan may be either Incentive Stock
      Options or Non-Qualified Stock Options. Incentive Stock Options may be
      granted only to employees of the Company or any Subsidiary that is a
      “subsidiary corporation” within the meaning of Section 424(f) of the
      Code. To the extent that any Option does not qualify as an Incentive
      Stock Option, it shall be deemed a Non-Qualified Stock Option.
    

    
      Stock Options granted pursuant to this Section 5 shall be subject to the
      following terms and conditions and shall contain such additional terms
      and conditions, not inconsistent with the terms of the Plan, as the
      Administrator shall deem desirable. If the Administrator so determines,
      Stock Options may be granted in lieu of cash compensation at the
      optionee’s election, subject to such terms and conditions as the
      Administrator may establish.
    

    
      (a)       Exercise Price.   The
      exercise price per share for the Stock covered by a Stock Option granted
      pursuant to this Section 5 shall be determined by the Administrator at
      the time of grant but shall not be less than 100 percent of the Fair
      Market Value on the date of grant.  In the case of an Incentive Stock
      Option that is granted to a Ten Percent Owner, the option price of such
      Incentive Stock Option shall be not less than 110 percent of the Fair
      Market Value on the grant date.
    

    
      (b)       Option Term.   The
      term of each Stock Option shall be fixed by the Administrator, but no
      Stock Option shall be exercisable more than ten years after the date the
      Stock Option is granted. In the case of an Incentive Stock Option that
      is granted to a Ten Percent Owner, the term of such Stock Option shall
      be no more than five years from the date of grant.
    

    
      (c)       Exercisability; Rights
      of a Stockholder.   Stock Options shall become exercisable at such
      time or times, whether or not in installments, as shall be determined by
      the Administrator at or after the grant date. The Administrator may at
      any time accelerate the exercisability of all or any portion of any
      Stock Option. An optionee shall have the rights of a stockholder only as
      to shares acquired upon the exercise of a Stock Option and not as to
      unexercised Stock Options.
    

    
      (d)       Method of Exercise.   Stock
      Options may be exercised in whole or in part, by giving written or
      electronic notice of exercise to the Company, specifying the number of
      shares to be purchased. Payment of the purchase price may be made by one
      or more of the following methods to the extent provided in the Option
      Award Agreement:
    

    
      
        

        

      

      
        
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      (i)       In cash, by certified or bank check or other instrument
      acceptable to the Administrator;
    

    
      (ii)      Through the delivery (or attestation to the ownership) of
      shares of Stock that have been purchased by the optionee on the open
      market or that have been beneficially owned by the optionee for at least
      six months and are not then subject to restrictions under any Company
      plan. Such surrendered shares shall be valued at Fair Market Value on
      the exercise date; or
    

    
      (iii)     By the optionee delivering to the Company a properly executed
      exercise notice together with irrevocable instructions to a broker to
      promptly deliver to the Company cash or a check payable and acceptable
      to the Company for the purchase price; provided that in the event the
      optionee chooses to pay the purchase price as so provided, the optionee
      and the broker shall comply with such procedures and enter into such
      agreements of indemnity and other agreements as the Administrator shall
      prescribe as a condition of such payment procedure; or
    

    
      (iv)      With respect to Stock Options that are not Incentive Stock
      Options, by a “net exercise” arrangement pursuant to which the Company
      will reduce the number of shares of Stock issuable upon exercise by the
      largest whole number of shares with a Fair Market Value that does not
      exceed the aggregate exercise price.
    

    
      Payment instruments will be received subject to collection. The transfer
      to the optionee on the records of the Company or of the transfer agent
      of the shares of Stock to be purchased pursuant to the exercise of a
      Stock Option will be contingent upon receipt from the optionee (or a
      purchaser acting in his stead in accordance with the provisions of the
      Stock Option) by the Company of the full purchase price for such shares
      and the fulfillment of any other requirements contained in the Option
      Award Agreement or applicable provisions of laws (including the
      satisfaction of any withholding taxes that the Company is obligated to
      withhold with respect to the optionee).  In the event an optionee
      chooses to pay the purchase price by previously-owned shares of Stock
      through the attestation method, the number of shares of Stock
      transferred to the optionee upon the exercise of the Stock Option shall
      be net of the number of attested shares.  In the event that the Company
      establishes, for itself or using the services of a third party, an
      automated system for the exercise of Stock Options, such as a system
      using an internet website or interactive voice response, then the
      paperless exercise of Stock Options may be permitted through the use of
      such an automated system.
    

    
      (e)       Annual Limit on
      Incentive Stock Options.   To the extent required for “incentive
      stock option” treatment under Section 422 of the Code, the aggregate
      Fair Market Value (determined as of the time of grant) of the shares of
      Stock with respect to which Incentive Stock Options granted under this
      Plan and any other plan of the Company or its parent and subsidiary
      corporations become exercisable for the first time by an optionee during
      any calendar year shall not exceed $100,000. To the extent that any
      Stock Option exceeds this limit, it shall constitute a Non-Qualified
      Stock Option.
    

    
      
        

        

      

      
        
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      SECTION 6.  STOCK APPRECIATION RIGHTS
    

    
      (a)       Exercise Price of Stock
      Appreciation Rights.   The exercise price of a Stock Appreciation
      Right shall not be less than 100 percent of the Fair Market Value of the
      Stock on the date of grant.
    

    
      (b)       Grant and Exercise of
      Stock Appreciation Rights.   Stock Appreciation Rights may be
      granted by the Administrator independently of any Stock Option granted
      pursuant to Section 5 of the Plan.  
    

    
      (c)       Terms and Conditions of
      Stock Appreciation Rights.  Stock Appreciation Rights shall be
      subject to such terms and conditions as shall be determined from time to
      time by the Administrator.  The term of a Stock Appreciation Right may
      not exceed ten years.
    

    
      SECTION 7.  RESTRICTED STOCK AWARDS
    

    
      (a)       Nature of Restricted
      Stock Awards.   The Administrator shall determine the restrictions
      and conditions applicable to each Restricted Stock Award at the time of
      grant.  Conditions may be based on continuing employment (or other
      service relationship) and/or achievement of pre-established performance
      goals and objectives.  The terms and conditions of each such Award
      Agreement shall be determined by the Administrator, and such terms and
      conditions may differ among individual Awards and grantees.
    

    
      (b)       Rights as a Stockholder.   Upon
      the grant of the Restricted Stock Award and payment of any applicable
      purchase price, a grantee shall have the rights of a stockholder with
      respect to the voting of the Restricted Stock, subject to such
      conditions contained in the Restricted Stock Award Agreement.  Unless
      the Administrator shall otherwise determine, (i) uncertificated
      Restricted Stock shall be accompanied by a notation on the records of
      the Company or the transfer agent to the effect that they are subject to
      forfeiture until such Restricted Stock are vested as provided in Section
      7(d) below, and (ii) certificated Restricted Stock shall remain in the
      possession of the Company until such Restricted Stock is vested as
      provided in Section 7(d) below, and the grantee shall be required, as a
      condition of the grant, to deliver to the Company such instruments of
      transfer as the Administrator may prescribe.
    

    
      (c)       Restrictions.   Restricted
      Stock may not be sold, assigned, transferred, pledged or otherwise
      encumbered or disposed of except as specifically provided herein or in
      the Restricted Stock Award Agreement. Except as may otherwise be
      provided by the Administrator either in the Award Agreement or, subject
      to Section 18 below, in writing after the Award is issued, if a
      grantee’s employment (or other service relationship) with the Company
      and its Subsidiaries terminates for any reason, any Restricted Stock
      that has not vested at the time of termination shall automatically and
      without any requirement of notice to such grantee from or other action
      by or on behalf of, the Company be deemed to have been reacquired by the
      Company at its original purchase price (if any) from such grantee or
      such grantee’s legal representative simultaneously with such termination
      of employment (or other service relationship), and thereafter shall
      cease to represent any ownership of the Company by the grantee or rights
      of the grantee as a stockholder.  Following such deemed reacquisition of
      unvested Restricted Stock that are represented by physical certificates,
      a grantee shall surrender such certificates to the Company upon request
      without consideration.
    

    
      
        

        

      

      
        
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      (d)       Vesting of Restricted
      Stock.   The Administrator at the time of grant shall specify the
      date or dates and/or the attainment of pre-established performance
      goals, objectives and other conditions on which the non-transferability
      of the Restricted Stock and the Company’s right of repurchase or
      forfeiture shall lapse. Subsequent to such date or dates and/or the
      attainment of such pre-established performance goals, objectives and
      other conditions, the shares on which all restrictions have lapsed shall
      no longer be Restricted Stock and shall be deemed “vested.” Except as
      may otherwise be provided by the Administrator either in the Award
      Agreement or, subject to Section 18 below, in writing after the Award is
      issued, a grantee’s rights in any shares of Restricted Stock that have
      not vested shall automatically terminate upon the grantee’s termination
      of employment (or other service relationship) with the Company and its
      Subsidiaries and such shares shall be subject to the provisions of
      Section 7(c) above.
    

    
      SECTION 8.  DEFERRED STOCK AWARDS
    

    
      (a)       Nature of Deferred Stock
      Awards.   The Administrator shall determine the restrictions and
      conditions applicable to each Deferred Stock Award at the time of
      grant.  Conditions may be based on continuing employment (or other
      service relationship) and/or achievement of pre-established performance
      goals and objectives.  The terms and conditions of each such Award
      Agreement shall be determined by the Administrator, and such terms and
      conditions may differ among individual Awards and grantees.  At the end
      of the deferral period, the Deferred Stock Award, to the extent vested,
      shall be settled in the form of shares of Stock.  To the extent that a
      Deferred Stock Award is subject to Section 409A, it may contain such
      additional terms and conditions as the Administrator shall determine in
      its sole discretion in order for such Award to comply with the
      requirements of Section 409A.
    

    
      (b)       Election to Receive
      Deferred Stock Awards in Lieu of Compensation.   The Administrator
      may, in its sole discretion, permit a grantee to elect to receive a
      portion of the future cash compensation otherwise due to such grantee in
      the form of a Deferred Stock Award. Any such election shall be made in
      writing and shall be delivered to the Company no later than the date
      specified by the Administrator and in accordance with Section 409A and
      such other rules and procedures established by the Administrator.  Any
      such future cash compensation that the grantee elects to defer shall be
      converted to a fixed number of phantom stock units based on the Fair
      Market Value of Stock on the date the compensation would otherwise have
      been paid to the grantee if such payment had not been deferred as
      provided herein.  The Administrator shall have the sole right to
      determine whether and under what circumstances to permit such elections
      and to impose such limitations and other terms and conditions thereon as
      the Administrator deems appropriate.   
    

    
      (c)       Rights as a Stockholder.   A
      grantee shall have the rights as a stockholder only as to shares of
      Stock acquired by the grantee upon settlement of a Deferred Stock Award;
      provided, however, that the grantee may be credited with Dividend
      Equivalent Rights with respect to the phantom stock units underlying his
      Deferred Stock Award, subject to such terms and conditions as the
      Administrator may determine.
    

    
      
        

        

      

      
        
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       (d)       Termination.   Except
      as may otherwise be provided by the Administrator either in the Award
      Agreement or, subject to Section 18 below, in writing after the Award is
      issued, a grantee’s right in all Deferred Stock Awards that have not
      vested shall automatically terminate upon the grantee’s termination of
      employment (or cessation of service relationship) with the Company and
      its Subsidiaries for any reason.
    

    
      SECTION 9.  UNRESTRICTED STOCK AWARDS
    

    
      Grant or Sale of Unrestricted Stock.   The Administrator may, in
      its sole discretion, grant (or sell at par value or such higher purchase
      price determined by the Administrator) an Unrestricted Stock Award to
      any grantee pursuant to which such grantee may receive shares of Stock
      free of any restrictions (“Unrestricted Stock”) under the Plan.
      Unrestricted Stock Awards may be granted in respect of past services or
      other valid consideration, or in lieu of cash compensation due to such
      grantee.
    

    
      SECTION 10.  CASH-BASED AWARDS
    

    
      Grant of Cash-Based Awards.  The Committee may, in its sole
      discretion, grant Cash-Based Awards to any grantee in such number or
      amount and upon such terms, and subject to such conditions, as the
      Committee shall determine at the time of grant.  The Committee shall
      determine the maximum duration of the Cash-Based Award, the amount of
      cash to which the Cash-Based Award pertains, the conditions upon which
      the Cash-Based Award shall become vested or payable (which may included
      the achievement of Performance Goals), and such other provisions as the
      Committee shall determine.  Each Cash-Based Award shall specify a
      cash-denominated payment amount, formula or payment ranges as determined
      by the Committee.  Payment, if any, with respect to a Cash-Based Award
      shall be made in accordance with the terms of the Award and may be made
      in cash or in shares of Stock, as the Committee determines.
    

    
      SECTION 11.  PERFORMANCE SHARE AWARDS
    

    
      (a)       Nature of Performance
      Share Awards.   The Administrator, in its sole discretion, may grant
      Performance Share Awards independent of or in connection with the
      granting of any other Award under the Plan. The Administrator, in its
      sole discretion, shall determine whether and to whom Performance Share
      Awards shall be made, the Performance Goals, the periods during which
      performance is to be measured, and all other limitations and conditions,
      as the Administrator shall determine.
    

    
      (b)       Rights as a Stockholder.   A
      grantee receiving a Performance Share Award shall have the rights of a
      stockholder only as to shares actually received by the grantee under the
      Plan and not with respect to shares subject to the Award but not
      actually received by the grantee. A grantee shall be entitled to receive
      shares of Stock under a Performance Share Award only upon satisfaction
      of all conditions specified in the Performance Share Award agreement (or
      in a performance plan adopted by the Administrator).
    

    
      (c)       Termination.   Except
      as may otherwise be provided by the Administrator either in the Award
      agreement or, subject to Section 18 below, in writing after the Award is
      issued, a grantee’s rights in all Performance Share Awards shall
      automatically terminate upon the grantee’s termination of employment (or
      cessation of service relationship) with the Company and its Subsidiaries
      for any reason.
    

    
      
        

        

      

      
        
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      SECTION 12.  PERFORMANCE-BASED AWARDS TO COVERED EMPLOYEES
    

    
      (a)       Performance-Based Awards.  Any
      employee or other key person providing services to the Company and who
      is selected by the Administrator may be granted one or more
      Performance-Based Awards in the form of a Restricted Stock Award,
      Deferred Stock Award, Performance Share Awards or Cash-Based Award
      payable upon the attainment of Performance Goals that are established by
      the Administrator and relate to one or more of the Performance Criteria,
      in each case on a specified date or dates or over any period or periods
      determined by the Administrator.  The Administrator shall define in an
      objective fashion the manner of calculating the Performance Criteria it
      selects to use for any Performance Cycle.  Depending on the Performance
      Criteria used to establish such Performance Goals, the Performance Goals
      may be expressed in terms of overall Company performance or the
      performance of a division, business unit, or an individual.  The
      Administrator, in its discretion, may adjust or modify the calculation
      of Performance Goals for such Performance Cycle in order to prevent the
      dilution or enlargement of the rights of an individual (i) in the event
      of, or in anticipation of, any unusual or extraordinary corporate item,
      transaction, event or development, (ii) in recognition of, or in
      anticipation of, any other unusual or nonrecurring events affecting the
      Company, or the financial statements of the Company, or (iii) in
      response to, or in anticipation of, changes in applicable laws,
      regulations, accounting principles, or business conditions provided
      however, that the Administrator may not exercise such discretion in a
      manner that would increase the Performance-Based Award granted to a
      Covered Employee.  Each Performance-Based Award shall comply with the
      provisions set forth below.  
    

    
      (b)       Grant of
      Performance-Based Awards.  With respect to each Performance-Based
      Award granted to a Covered Employee, the Administrator shall select,
      within the first 90 days of a Performance Cycle (or, if shorter, within
      the maximum period allowed under Section 162(m) of the Code) the
      Performance Criteria for such grant, and the Performance Goals with
      respect to each Performance Criterion (including a threshold level of
      performance below which no amount will become payable with respect to
      such Award).  Each Performance-Based Award will specify the amount
      payable, or the formula for determining the amount payable, upon
      achievement of the various applicable performance targets.  The
      Performance Criteria established by the Administrator may be (but need
      not be) different for each Performance Cycle and different Performance
      Goals may be applicable to Performance-Based Awards to different Covered
      Employees.
    

    
      (c)       Payment of
      Performance-Based Awards.  Following the completion of a Performance
      Cycle, the Administrator shall meet to review and certify in writing
      whether, and to what extent, the Performance Goals for the Performance
      Cycle have been achieved and, if so, to also calculate and certify in
      writing the amount of the Performance-Based Awards earned for the
      Performance Cycle.  The Administrator shall then determine the actual
      size of each Covered Employee’s Performance-Based Award, and, in doing
      so, may reduce or eliminate the amount of the Performance-Based Award
      for a Covered Employee if, in its sole judgment, such reduction or
      elimination is appropriate.
    

    
      
        

        

      

      
        
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      (d)       Maximum Award Payable.  The
      maximum Performance-Based Award payable to any one Covered Employee
      under the Plan for a Performance Cycle is 400,000 Shares (subject to
      adjustment as provided in Section 3(b) hereof) or $1,000,000 in the case
      of a Performance-Based Award that is a Cash-Based Award.
    

    
      SECTION 13.  DIVIDEND EQUIVALENT RIGHTS
    

    
      (a)       Dividend Equivalent
      Rights.   A Dividend Equivalent Right may be granted hereunder to
      any grantee as a component of a Deferred Stock Award, Restricted Stock
      Award or Performance Share Award or as a freestanding award. The terms
      and conditions of Dividend Equivalent Rights shall be specified in the
      Award Agreement. Dividend equivalents credited to the holder of a
      Dividend Equivalent Right may be paid currently or may be deemed to be
      reinvested in additional shares of Stock, which may thereafter accrue
      additional equivalents. Any such reinvestment shall be at Fair Market
      Value on the date of reinvestment or such other price as may then apply
      under a dividend reinvestment plan sponsored by the Company, if any.
      Dividend Equivalent Rights may be settled in cash or shares of Stock or
      a combination thereof, in a single installment or installments. A
      Dividend Equivalent Right granted as a component of a Deferred Stock
      Award, Restricted Stock Award or Performance Share Award may provide
      that such Dividend Equivalent Right shall be settled upon settlement, or
      payment of, or lapse of restrictions on, such other Award, and that such
      Dividend Equivalent Right shall expire or be forfeited or annulled under
      the same conditions as such other Award. A Dividend Equivalent Right
      granted as a component of a Deferred Stock Award Restricted Stock Award
      or Performance Share Award may also contain terms and conditions
      different from such other Award.
    

    
      (b)       Interest Equivalents.   Any
      Award under this Plan that is settled in whole or in part in cash on a
      deferred basis may provide in the grant for interest equivalents to be
      credited with respect to such cash payment. Interest equivalents may be
      compounded and shall be paid upon such terms and conditions as may be
      specified by the grant.
    

    
      (c)       Termination.   Except
      as may otherwise be provided by the Administrator either in the Award
      Agreement or, subject to Section 18 below, in writing after the Award is
      issued, a grantee’s rights in all Dividend Equivalent Rights or interest
      equivalents granted as a component of a Deferred Stock Award, Restricted
      Stock Award or Performance Share Award that has not vested shall
      automatically terminate upon the grantee’s termination of employment (or
      cessation of service relationship) with the Company and its Subsidiaries
      for any reason.
    

    
      SECTION 14.  TRANSFERABILITY OF AWARDS
    

    
      (a)       Transferability.  Except
      as provided in Section 14(b) below, during a grantee’s lifetime, his or
      her Awards shall be exercisable only by the grantee, or by the grantee’s
      legal representative or guardian in the event of the grantee’s
      incapacity.  No Awards shall be sold, assigned, transferred or otherwise
      encumbered or disposed of by a grantee other than by will or by the laws
      of descent and distribution or pursuant to a domestic relations
      order.  No Awards shall be subject, in whole or in part, to attachment,
      execution, or levy of any kind, and any purported transfer in violation
      hereof shall be null and void.
    

    
      
        

        

      

      
        
          14
        

        
          

        

      

      
        

        

      

    

    
      (b)       Administrator Action.  Notwithstanding
      Section 14(a), the Administrator, in its discretion, may provide either
      in the Award Agreement regarding a given Award or by subsequent written
      approval that the grantee (who is an employee or director) may transfer
      his or her Awards (other than any Incentive Stock Options or Deferred
      Stock Awards) to his or her immediate family members, to trusts for the
      benefit of such family members, or to partnerships in which such family
      members are the only partners, provided that the transferee agrees in
      writing with the Company to be bound by all of the terms and conditions
      of this Plan and the applicable Award.
    

    
      (c)       Family Member.  For
      purposes of Section 14(b), “family member” shall mean a grantee’s child,
      stepchild, grandchild, parent, stepparent, grandparent, spouse, former
      spouse, sibling, niece, nephew, mother-in-law, father-in-law,
      son-in-law, daughter-in-law, brother-in-law, or sister-in-law, including
      adoptive relationships, any person sharing the grantee’s household
      (other than a tenant of the grantee), a trust in which these persons (or
      the grantee) have more than 50 percent of the beneficial interest, a
      foundation in which these persons (or the grantee) control the
      management of assets, and any other entity in which these persons (or
      the grantee) own more than 50 percent of the voting interests.
    

    
      (d)       Designation of
      Beneficiary.  Each grantee to whom an Award has been made under the
      Plan may designate a beneficiary or beneficiaries to exercise any Award
      or receive any payment under any Award payable on or after the grantee’s
      death.  Any such designation shall be on a form provided for that
      purpose by the Administrator and shall not be effective until received
      by the Administrator. If no beneficiary has been designated by a
      deceased grantee, or if the designated beneficiaries have predeceased
      the grantee, the beneficiary shall be the grantee’s estate.
    

    
      SECTION 15.  TAX WITHHOLDING
    

    
      (a)       Payment by Grantee.   Each
      grantee shall, no later than the date as of which the value of an Award
      or of any Stock or other amounts received thereunder first becomes
      includable in the gross income of the grantee for Federal income tax
      purposes, pay to the Company, or make arrangements satisfactory to the
      Administrator regarding payment of, any Federal, state, or local taxes
      of any kind required by law to be withheld by the Company with respect
      to such income. The Company and its Subsidiaries shall, to the extent
      permitted by law, have the right to deduct any such taxes from any
      payment of any kind otherwise due to the grantee. The Company’s
      obligation to deliver evidence of book entry (or stock certificates) to
      any grantee is subject to and conditioned on tax withholding obligations
      being satisfied by the grantee.
    

    
      (b)       Payment in Stock.   Subject
      to approval by the Administrator, a grantee may elect to have the
      Company’s minimum required tax withholding obligation satisfied, in
      whole or in part, by authorizing the Company to withhold from shares of
      Stock to be issued pursuant to any Award a number of shares with an
      aggregate Fair Market Value (as of the date the withholding is effected)
      that would satisfy the withholding amount due.
    

    
      
        

        

      

      
        
          15
        

        
          

        

      

      
        

        

      

    

    
      SECTION 16.  SECTION 409A AWARDS
    

    
      To the extent that any Award is determined to constitute “nonqualified
      deferred compensation” within the meaning of Section 409A (a “409A
      Award”), the Award shall be subject to such additional rules and
      requirements as specified by the Administrator from time to time in
      order to comply with Section 409A.  In this regard, if any amount under
      a 409A Award is payable upon a “separation from service” (within the
      meaning of Section 409A) to a grantee who is then considered a
      “specified employee” (within the meaning of Section 409A), then no such
      payment shall be made prior to the date that is the earlier of (i) six
      months and one day after the grantee’s separation from service, or (ii)
      the grantee’s death, but only to the extent such delay is necessary to
      prevent such payment from being subject to interest, penalties and/or
      additional tax imposed pursuant to Section 409A.  Further, the
      settlement of any such Award may not be accelerated except to the extent
      permitted by Section 409A.
    

    
      SECTION 17.  TRANSFER, LEAVE OF ABSENCE, ETC.
    

    
      For purposes of the Plan, the following events shall not be deemed a
      termination of employment:
    

    
      (a)       a transfer to the employment of the Company from a Subsidiary
      or from the Company to a Subsidiary, or from one Subsidiary to another;
      or
    

    
      (b)       an approved leave of absence for military service or sickness,
      or for any other purpose approved by the Company, if the employee’s
      right to re-employment is guaranteed either by a statute or by contract
      or under the policy pursuant to which the leave of absence was granted
      or if the Administrator otherwise so provides in writing.
    

    
      SECTION 18.  AMENDMENTS AND TERMINATION
    

    
      The Board may, at any time, amend or discontinue the Plan and the
      Administrator may, at any time, amend or cancel any outstanding Award
      for the purpose of satisfying changes in law or for any other lawful
      purpose, but no such action shall adversely affect rights under any
      outstanding Award without the holder’s consent. Except as provided in
      Section 3(c) or 3(d), without prior stockholder approval, in no event
      may the Administrator exercise its discretion to reduce the exercise
      price of outstanding Stock Options or Stock Appreciation Rights or
      effect repricing through cancellation and re-grants or cancellation of
      Stock Options or Stock Appreciation Rights in exchange for cash. To the
      extent required under the rules of any securities exchange or market
      system on which the Stock is listed, to the extent determined by the
      Administrator to be required by the relevant securities exchange or by
      the Code to ensure that Incentive Stock Options granted under the Plan
      are qualified under Section 422 of the Code or to ensure that
      compensation earned under Awards qualifies as performance-based
      compensation under Section 162(m) of the Code, if and to the extent
      intended to so qualify, Plan amendments shall be subject to approval by
      the Company stockholders entitled to vote at a meeting of stockholders.
      Nothing in this Section 18 shall limit the Administrator’s authority to
      take any action permitted pursuant to Section 3(c) or (d).
    

    
      
        

        

      

      
        
          16
        

        
          

        

      

      
        

        

      

    

    
      SECTION 19.  STATUS OF PLAN
    

    
      With respect to the portion of any Award that has not been exercised and
      any payments in cash, Stock or other consideration not received by a
      grantee, a grantee shall have no rights greater than those of a general
      creditor of the Company unless the Administrator shall otherwise
      expressly determine in connection with any Award or Awards. In its sole
      discretion, the Administrator may authorize the creation of trusts or
      other arrangements to meet the Company’s obligations to deliver Stock or
      make payments with respect to Awards hereunder, provided that the
      existence of such trusts or other arrangements is consistent with the
      foregoing sentence.
    

    
      SECTION 20.  GENERAL PROVISIONS
    

    
      (a)       No Distribution;
      Compliance with Legal Requirements.   The Administrator may require
      each person acquiring Stock pursuant to an Award to represent to and
      agree with the Company in writing that such person is acquiring the
      shares without a view to distribution thereof.
    

    
      (b)       Delivery of Stock
      Certificates.   Stock certificates to grantees under this Plan shall
      be deemed delivered for all purposes when the Company or a stock
      transfer agent of the Company shall have mailed such certificates in the
      United States mail, addressed to the grantee, at the grantee’s last
      known address on file with the Company.  Uncertificated Stock shall be
      deemed delivered for all purposes when the Company or a Stock transfer
      agent of the Company shall have given to the grantee by electronic mail
      (with proof of receipt) or by United States mail, addressed to the
      grantee, at the grantee’s last known address on file with the Company,
      notice of issuance and recorded the issuance in its records (which may
      include electronic “book entry” records).  Notwithstanding anything
      herein to the contrary, the Company shall not be required to issue or
      deliver any certificates evidencing shares of Stock pursuant to the
      exercise of any Award, unless and until the Administrator has
      determined, with advice of counsel (to the extent the Administrator
      deems such advice necessary or advisable), that the issuance and
      delivery of such certificates is in compliance with all applicable laws,
      regulations of governmental authorities and, if applicable, the
      requirements of any exchange on which the shares of Stock are listed,
      quoted or traded.  All Stock certificates delivered pursuant to the Plan
      shall be subject to any stop-transfer orders and other restrictions as
      the Administrator deems necessary or advisable to comply with federal,
      state or foreign jurisdiction, securities or other laws, rules and
      quotation system on which the Stock is listed, quoted or traded.  The
      Administrator may place legends on any Stock certificate to reference
      restrictions applicable to the Stock.  In addition to the terms and
      conditions provided herein, the Administrator may require that an
      individual make such reasonable covenants, agreements, and
      representations as the Administrator, in its discretion, deems necessary
      or advisable in order to comply with any such laws, regulations, or
      requirements.  The Administrator shall have the right to require any
      individual to comply with any timing or other restrictions with respect
      to the settlement or exercise of any Award, including a window-period
      limitation, as may be imposed in the discretion of the Administrator.  
    

    
      (c)       Stockholder Rights.  Until
      Stock is deemed delivered in accordance with Section 21(b), no right to
      vote or receive dividends or any other rights of a stockholder will
      exist with respect to shares of Stock to be issued in connection with an
      Award, notwithstanding the exercise of a Stock Option or any other
      action by the grantee with respect to an Award.
    

    
      
        

        

      

      
        
          17
        

        
          

        

      

      
        

        

      

    

    
      (d)       Other Compensation
      Arrangements; No Employment Rights.     Nothing contained in this
      Plan shall prevent the Board from adopting other or additional
      compensation arrangements, including trusts, and such arrangements may
      be either generally applicable or applicable only in specific cases. The
      adoption of this Plan and the grant of Awards do not confer upon any
      employee any right to continued employment with the Company or any
      Subsidiary.
    

    
      (e)       Trading Policy
      Restrictions.   Option exercises and other Awards under the Plan
      shall be subject to such Company’s insider trading policy and
      procedures, as in effect from time to time.
    

    
      (f)       Forfeiture of Awards
      under Sarbanes-Oxley Act.  If the Company is required to prepare an
      accounting restatement due to the material noncompliance of the Company,
      as a result of misconduct, with any financial reporting requirement
      under the securities laws, then any grantee who is one of the
      individuals subject to automatic forfeiture under Section 304 of the
      Sarbanes-Oxley Act of 2002 shall reimburse the Company for the amount of
      any Award received by such individual under the Plan during the 12-month
      period following the first public issuance or filing with the United
      States Securities and Exchange Commission, as the case may be, of the
      financial document embodying such financial reporting requirement.
    

    
      SECTION 21.  EFFECTIVE DATE OF PLAN
    

    
      This Plan shall become effective upon stockholder approval in accordance
      with applicable state law, the Company’s bylaws and articles of
      incorporation and applicable stock exchange rules. No grants of Stock
      Options and other Awards may be made hereunder after the tenth
      anniversary of the Effective Date and no grants of Incentive Stock
      Options may be made hereunder after the tenth anniversary of the date
      the amended and restated Plan is approved by the Board.
    

    
      SECTION 22.  GOVERNING LAW
    

    
      This Plan and all Awards and actions taken thereunder shall be governed
      by, and construed in accordance with, the laws of the Commonwealth of
      Massachusetts, applied without regard to conflict of law principles.
    

    	
          DATE APPROVED BY BOARD OF DIRECTORS: April 4, 2003.
        
	
          AMENDED AND RESTATED APPROVED BY THE BOARD OF DIRECTORS: April 23,
          2009.
        
	
          SECOND AMENDED AND RESTATED APPROVED BY THE BOARD OF DIRECTORS:
          April 5, 2011.
        
	
          DATE APPROVED BY STOCKHOLDERS: June 4, 2003.
        
	
          AMENDED AND RESTATED APPROVED BY STOCKHOLDERS: June 5, 2009.
        
	
          
            SECOND AMENDED AND RESTATED APPROVED BY STOCKHOLDERS: June 7, 2011.
          

        

    

    
      18

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