Document:

Exhibit
4.9

CONVERTIBLE PROMISSORY NOTE

	
  $1,000,000

  	
  September
  2, 2005

  

 

National Storm Management, Inc., a Nevada corporation
(the “Company”), for value received, hereby promises to pay to the order of
Trucolor, Inc. or its registered assigns (“Holder”), the principal sum of
$1,000,000, and interest thereon at the rate or rates provided in
Section 1, until the principal amount hereof is paid in full.

This Convertible Promissory Notes (“Note”) issued in
the aggregate principal amount of $1,000,000 is convertible into the Company’s
common stock in accordance with the provisions of Section 5, below.

Section
1.  Interest.

1.1            Interest Rate. All
principal due and owing on or with respect to this Note shall bear interest at
a rate equal to 5% per annum.

1.2            Computation of Interest. Interest
on this Note shall be computed on a rate per annum based on a year of 365 days
or 366 days, as the case may be, and for the actual number of days (including
the first day, but excluding the last day) elapsed.

Section 2.  Payment.

(a)  Interest.  All
interest accrued hereunder shall be due and payable on the Due date (as defined
below).

(b)  Principal.  All
principal and interest due and owing under this Note, and all interest
remaining unpaid as of such date, shall be due and payable in full, on the
later of October 31, 2005 or on the effective date of the Nevada registration
statement (provided the Company uses its best efforts to obtain the Nevada
Securities Division approval of the contemplated registration statement) (“Due
Date”).

Section
3.  Default.

3.1            Events of Default. The occurrence
of one or more of the following shall constitute an “Event of Default”:

(a)             Failure to Pay Principal or Interest.
The Company fails to pay when due any principal of or interest on this Note or
any other amount payable hereunder;

(b)            Assignment for Benefit of Creditors or Non-payment
of

 

Debts. The Company makes an assignment for the benefit of
creditors or admits in writing its inability to pay its debts as such debts become
due;

(c)             Voluntary Bankruptcy. The company
petitions or applies to any tribunal for, or consents to the appointment of, or
taking possession by, a trustee, receiver, custodian, liquidator or similar
official, of it or any substantial part of its assets, or commences any
proceedings relating to it under any bankruptcy, reorganization, arrangement,
insolvency, readjustment of debt, dissolution or other liquidation law of any
jurisdiction or takes corporate action authorizing any of the foregoing;

(d)            Involuntary Bankruptcy. Any
petition or application of the type referred to in paragraph (c) above is
filed, or any such proceedings are commenced, against the Company and the
consent thereto or acquiescence therein, or an order for relief is entered in
an involuntary case under the bankruptcy law of the United States, or an order,
judgment or decree is entered appointing a trustee, receiver, custodian,
liquidator or similar official or adjudicating the Company bankrupt or
insolvent, or approving the petition in any such proceedings, and such order,
judgment, decree remains unstayed and in effect for 90 days; or

(e)             Dissolution. Any order is entered
in any proceeding against the Company decreeing the dissolution or split-up of
the Company and such order remains unstayed and in effect for 30 days.

3.2            Remedies. Upon the occurrence of an
Event of Default, Holder shall have the right, by written notice to the
Company, to declare the Note and all interest accrued thereon and all
liabilities of the Company hereunder to be immediately due and payable, and the
same shall thereupon become and be immediately due and payable without
presentment, demand, protest, notice of intent to accelerate, or other notice
of any kind, all of which are hereby waived by the Company.

Section 4.  Prepayment.

4.1            Prepayment. This Note may be
prepaid in whole or in part without penalty.

Section 5.  Conversion
Option.

The Holder shall have the election upon written notice
to the Company to require the

 2
 

 

Company to satisfy the
then outstanding principal of the Note by issuing to Holder fully paid and
non-assessable shares of the Company’s common stock, subject to the following
terms and conditions:

a.                 Holder’s
right to convert this Note, for all principal due and owing hereunder, to the
Company’s common stock, shall become enforceable upon delivery of the entire
principal to the Company. Holder’s right to convert this Note to the Company’s
common stock shall continue unabated after the Due Date for a period of two
years.

b.                Conversion
Ration. The principal due and owing hereunder shall be convertible at the rate
of one share of the Company’s common stock for each $.20 of principal, with
cash to be paid in lieu of fractional shares.

c.                 The
Company agrees that it shall bear at its sole expense all expenses relating to
the issuance and registration of the shares of the Company’s common stock
issued hereunder.

d.                The
Company represents and warrants to Holder that:

                          The shares of the Company’s
common stock issued hereunder shall be: (i) fully paid and non-assessable; and
(ii) issued in compliance with the provisions of the Securities Act of 1933 and
any applicable state securities laws;

e.                 Certificates
representing shares of the Company’s common stock shall be delivered to the Holder
against surrender of the Note.

Section 6.  Miscellaneous.

6.1           Specific Performance. Each party
acknowledges that any breach of the agreements and covenants contained in this
Note would cause irreparable injury to the other party for which such party
would have no adequate remedy at law. In addition to any other remedy that such
party may be entitled to, each party agrees that temporary and permanent
injunctive relief and other equitable relief and specific performance may be
granted without proof of actual damages or inadequacy of legal remedy in any
proceeding that may be brought to enforce any provision of this Note.

6.2           Further Assurances. Each party
agrees to use its best efforts to take, or cause to be taken, and to do, or
cause to be done, all things that may be necessary or appropriate to consummate
and make effective the transactions contemplated by this Note.

6.3           Amendment. This Note may not be
modified or amended without the prior consent of the Company and the Holder.

 3
 

 

6.4           Waivers. The observance of any term
of this Note may not be waived (either generally or in a particular instance
and either retroactively or prospectively) without the prior consent of the
Company and the Holder. Unless otherwise expressly provided herein, no delay or
omission on the part of any party in exercising any right, power or privilege
hereunder shall operate as a waiver thereof, no shall any waiver or omission on
the part of any party of any right, power or privilege hereunder operate as a
waiver of any other right, power or privilege hereunder nor shall any single or
partial exercise of any right, power or privilege hereunder preclude any other
or further exercise thereof or the exercise of any other right, power or privilege
hereunder. All remedies, either under this Note or by law or otherwise afforded
to any party, shall be cumulative and not alternative.

6.5           Severability. Any provision of this
Note which is held by a court of competent jurisdiction to be prohibited or
unenforceable shall be ineffective to the extent of such prohibition or unenforceability,
without invalidating or rendering unenforceable the remaining provisions of
this Note.

6.6           Notices. All notices, approvals,
consents, requests, demands, and other communications pursuant to this Note
shall be in writing and shall be deemed to have been duly given (i) when
delivered personally, (ii) two days after deposit in the U.S. Mail (registered
or certified mail), postage prepaid, or (iii) when sent by facsimile machine as
follows:

                          If to the Company:

                          National Storm Management,
Inc.

999 N. Main Street, Suite 202

Glen Ellyn, IL 60137

Fax: (630) 446-4400

                          If to Holder:

                          Trucolor, Inc.

c/o G. David Gordon

7633 East 63rd Place, Ste. 210

Tulsa, OK 74133

Fax: (918) 254-2988

                          Any party to this Note may
change its address herein for notice hereunder by notice to the other parties
in accordance with this Section 6.6

6.7           Governing Law. This Note shall be
governed by, and construed in accordance with the laws of the State of Nevada.

 4
 

 

6.8           Successors and Assigns. This Note
is not assignable by either party without the prior consent of the other party
hereto.

6.9           Headings. The section headings in
this Unit are for reference purposes and are not intended to affect the meaning
or construction of this Note.

IN WITNESS WHEREOF, this Note
has been duly executed and delivered under its corporate seal as of the date
first above written.

	
  

  	
  NATIONAL STORM MANAGEMENT, INC.

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ Mark V. Noffke

  	
   

  
	
   

  	
   

  	
  Mark V. Noffke—Chief Financial Officer

  	
   

  

 

 5Exhibit 10.1

NATIONAL STORM MANAGEMENT, INC.

2005 EQUITY INCENTIVE PLAN

1.                                       Purpose of the Plan

The National Storm Management, Inc. 2005 Equity Incentive Plan
(hereinafter referred to as the “Plan”) is intended to provide a means whereby
selected individuals providing services to National Storm Management, Inc.
and its Related Corporations (hereinafter referred to as the “Company”) may sustain
a sense of proprietorship and personal involvement in the continued development
and financial success of the Company, and to encourage them to remain with and
devote their best efforts to the business of the Company, thereby advancing the
interests of the Company and its shareholders. Accordingly, the Company may permit
selected individuals to acquire common stock of the Company (hereinafter
referred to as “Common Stock” or “Shares”) or otherwise participate in the
financial success of the Company, on the terms and conditions established
herein.

2.                                       Definitions

The following terms shall be
defined as set forth below:

a.                                       Board.             Shall mean the Board of
Directors of the Company.

b.                                      Cause.            Shall have the meaning
provided under an employment agreement between a Participant and the Company,
or if there is no such agreement, the meaning provided under the Participant’s
award agreement under the Plan, or if not defined therein, shall mean the
commitment of fraud, the misappropriation of or intentional material damage to
the property or business of the Company or the conviction of a felony.

c.                                       Broker Exercise
Notice. Shall mean a written notice from a Participant to the Company at its
principal executive office (Attention: President), made on a form and in
the manner as the Committee may from time to time determine, pursuant to
which the Participant irrevocably elects to exercise all or any portion of an
option and irrevocably directs the Company to deliver the Participant’s stock
certificates to be issued to such Participant upon such option exercise
directly to a broker or dealer. A Broker Exercise Notice must be accompanied by
or contain irrevocable instructions to the broker or dealer (i) to
promptly sell a sufficient number of Shares or to loan the Participant a
sufficient amount of money to pay the exercise price for the options and, if
not otherwise satisfied by the Participant, to fund any related employment and
withholding tax obligations due upon such exercise, and (ii) to promptly
remit such sums to the Company upon the broker’s or dealer’s receipt of the
stock certificates.

d.                                      Code. Shall mean
the Internal Revenue Code of 1986, and any amendments thereto.

e.                                       Committee. Shall mean
the Committee appointed pursuant to Section 3 hereof.

f.                                         Compete. Shall have
the meaning provided under an employment or other agreement between a
Participant and the Company, or if there is no such agreement, the meaning
provided under the Participant’s award agreement under the Plan, or if not
defined therein, shall mean within a period of one (1) year after the
termination of service, the direct or indirect solicitation of customers or
competition with the business of the Company, including, but not by way of
limitation, the direct or indirect owning, managing, operating, controlling,
financing or serving as an officer, employee, director or consultant to,

 

or by soliciting, or inducing, or attempting to solicit or induce, any
employee, dealer or agent of the Company to terminate employment or service and
become employed by or provide services for any person, firm, partnership,
corporation, trust or other entity which owns or operates a business similar to
the business of the Company, except with the express prior written consent of
the Company.

g.                                      Disability. Shall have
the meaning provided under: (i) an employment agreement between a
Participant and the Company; (ii) a Participant’s award agreement under
the Plan; (iii) the long-term disability plan maintained by the Company;
or (iv) if no such agreements or plan exist, permanent and total
disability within the meaning of Section 22(e)(3) of the Code.

h.                                      ERISA. Shall mean
the Employee Retirement Income Security Act of 1974, and any amendment thereto.

i.                                          Fair Market
Value. “Fair Market Value” means, with respect to the Common Stock, the
following:

(i)                                    If the Common
Stock is listed or admitted to unlisted trading privileges on any national
securities exchange (which for purposes hereof shall include the National
Market System and Small Cap Market maintained by NASDAQ), the mean between the
reported high and low sale prices of the Common Stock on such exchange or by
the NASDAQ National Market System as of such date (or, if no shares were traded
on such day, as of the next preceding day on which there was such a trade).

(ii)                                 If the Common
Stock is not so listed or admitted to unlisted trading privileges or reported
on the NASDAQ National Market System, and bid and asked prices therefore in the
over-the-counter market are reported by the NASDAQ National Market System or
the National Quotation Bureau, Inc. (or any comparable reporting service),
the mean of the closing bid and asked prices as of such date, as so reported by
the NASDAQ National Market System, or, if not so reported thereon, as reported
by the National Quotation Bureau, Inc. (or such comparable reporting
service).

(iii)                              If the Common
Stock is not so listed or admitted to unlisted trading privileges, or reported
on the NASDAQ National Market System, and such bid and asked prices are not so
reported, such price as the Committee determines in good faith in the exercise
of its reasonable discretion.

j.                                          Incentive Stock
Option. Shall mean an award under the Plan that satisfies the general
requirements of Code Section 422, namely: (i) grantees must be
employees; (ii) the exercise price may not be less than the Fair
Market Value of the underlying Shares at the date of grant; (iii) no more
than $100,000 worth of Shares may become exercisable in any year; (iv) the
maximum duration of an award may be ten (10) years; (v) awards
must be exercised within three (3) months after termination of employment;
and (vi) Shares received upon exercise must be retained for the greater of
two (2) years from the date of grant and one (1) year from the date
of exercise.

k.                                       Net Issuance. Shall mean a
process under which the Company will issue to the optionee the lesser of (i) that
number of Shares requested to be issued by the optionee or (ii) the
maximum number of vested option Shares which may be purchased with the “Net
Equity” of vested options. “Net Equity” of an option means the then current
Fair Market Value of the underlying Shares minus the exercise price.

 

Upon
any such Net Issuance, the Company shall cancel all options exercised and all
options the Net Equity of which were utilized as payment of the Exercise Price,
and the Company shall promptly issue to the optionee an amended Stock Option
Agreement representing the remaining number of Shares purchasable thereunder.

l.                                          Nonqualified
Option. Shall mean an award under the Plan that is not an Incentive Stock
Option.

m.                                    Option. Shall mean an
award under the Plan that is an Incentive Stock Option or a Nonqualified
Option.

n.                                      Participant. Shall mean a
director, officer or employee, selected by the Committee to receive awards
under the Plan.

o.                                      Registration. Shall mean
that the Shares shall have been registered under the ‘33 Act and approved for
listing on a national securities exchange.

p.                                      Related
Corporation. Shall mean a corporation which would be a parent
or subsidiary corporation with respect to the Company as defined in Section 424(e) or
(t), respectively, of the Code.

q.                                      Retirement. Shall mean
retirement pursuant to and in accordance with the regular or, if approved by
the Board for purposes of the Plan, any early retirement plan or practice of
the Company.

r.                                         Securities Act. Shall mean
the Securities Act of 1933, and any amendments thereto.

3.                                       Administration of the Plan

The Plan shall be administered by the Committee which shall be
comprised of at least two (2) directors appointed by the Board, or if
none, by the whole Board. The Committee shall have sole authority to:

(i)                                    select the
Participants from among those eligible to whom Shares shall be sold under the
Plan;

(ii)                                 establish the
number of such Shares for each Participant, the option price, option vesting,
option term and the time when certificates for such Shares shall be issued;

(iii)                               interpret the
Plan; and

(iv)                             adopt such
rules, regulations, forms and agreements, not inconsistent with the provisions
of the Plan, as it may deem advisable to carry out the Plan.

All decisions made by the Committee in administering the Plan shall be
conclusive and binding for all purposes under the Plan

4.                                       Shares Subject to the Plan

The aggregate number of Shares that may be available for
acquisition by Participants under the Plan shall be 20,000,000 Shares. Any
Shares that remain unissued at the termination of the Plan shall cease to be subject
to the Plan, but until termination of the Plan, the Company shall at all times
make available sufficient Shares to meet the requirements of the Plan.

 

5.                                       Stock Options

a.                                       Type of Options. The Company may issue
options that constitute Incentive Stock Options to employees, and Nonqualified
Options to Participants under the Plan. The grant of each option shall be
confirmed by a stock option agreement that shall be executed by the Company and
the optionee as soon as practicable after such grant. The stock option
agreement shall expressly state or incorporate by reference the provisions of
the Plan and state whether the option is an Incentive Option or a Nonqualified
Option.

b.                                      Terms of
Options. Except as provided in Subsections (c) and (d) below, each
option granted under the Plan shall be subject to the terms and conditions set
forth by the Committee in the stock option agreement including, but not limited
to, price, vesting and term. Unless provided otherwise in the stock option
agreement, an option shall vest one-third (113) on each anniversary of the
grant thereof until fully vested provided he or she continues to provide
service to the Company or Related Corporation.

c.                                       Additional
Terms Applicable to All Options. Each option shall be
subject to the following terms and conditions:

(i)                                    Written Notice. An option may be
exercised only by giving written notice to the Company specifying the number of
Shares to be purchased.

(ii)                                 Method of
Exercise. The aggregate option price may be paid in
anyone or a combination of cash, personal check, Shares already owned for at
least six (6) months, a Broker Exercise Notice, or a Net Issuance, as
determined by the Committee.

(iii)                              Term of Option. No option may be
exercised more than ten (10) years after the date of grant. Unless
otherwise provided by the Committee, no option may be exercised more than
three (3) months after the optionee’s service with the Company terminates.

(iv)                             Transferability. No option may be
transferred, assigned or encumbered by an optionee, except: (A) by will or
the laws of descent and distribution; (B) by gifting for the benefit of
descendants for estate planning purposes; or (C) pursuant to a certified
domestic relations order.

d.                                      Additional
Terms Applicable to Incentive Stock Options. Each Incentive Stock
Option shall be subject to the following terms and conditions:

(i)                                    Option Price. The option
price per Share shall be 100% of the Fair Market Value of such Share on the
date the option is granted. Notwithstanding the preceding sentence, the option
price per Share granted to an individual (hereinafter referred to as a “10%
Shareholder”) who, at the time such option is granted, owns stock possessing
more than 10% of the total combined voting power of all classes of stock of the
Company shall not be less than 110% of the Fair Market Value of such Share on
the date the option is granted.

(ii)                                 Term of Option. No Incentive
Stock Option granted to a 10% Shareholder may be exercised more than five (5) years
after the date of

 

grant. Notwithstanding any
other provisions hereof, no option may be exercised more than three (3) months
after the optionee terminates employment with the Company, except in the event
of Disability or death as provided in Subsection (d)(iii) below.

(iii)                              Disability or
Death of Optionee. If an optionee terminates employment due to
Disability or death prior to exercise in full of any options, he or she or his
or her beneficiary, executor, administrator or personal representative shall
have the right to exercise the options within a period of twelve (12) months
after the date of such termination to the extent that the right was exercisable
at the date of such termination as provided in the stock option agreement, or
subject to such other terms as may be determined by the Committee.

(iv)                             Annual Exercise
Limit. The aggregate Fair Market Value of Shares which become exercisable
during any calendar year shall not exceed $100,000. For purposes of the
preceding sentence, the Fair Market Value of each Share shall be determined on
the date the option with respect to such Share is granted.

(v)                                Transferability. No option may be
transferred, assigned or encumbered by an optionee, except by will or the laws
of descent and distribution and during the optionee’s lifetime and option may only
be exercised by him or her.

6.                                       Securities Law Restrictions

a.                                       Share Issuances. Notwithstanding
any other provision of the Plan or any agreements entered into pursuant hereto,
the Company will not be required to issue or deliver any certificate for Shares
under this Plan, and an option will not be considered to be exercised
notwithstanding the tender by the optionee of any consideration therefor,
unless and until each of the following conditions has been fulfilled:

(i)                                    There is in
effect with respect to such shares a registration statement under the
Securities Act and any applicable state securities laws if the Committee or
Board, in their sole discretion, has determined to file, cause to become
effective and maintain the effectiveness of such registration statement; or

(ii)                                 if the
Committee or Board has determined not to so register the shares of Common Stock
to be issued under the Plan, (A) exemptions from registration under the
Securities Act and applicable state securities laws are available for such
issuance (as determined by counsel to the Company) and (B) there has been
received from the Participant (or, in the event of death or disability, the
Participant’s heir(s) or legal representative(s» any representations or
agreements requested by the Company in order to permit such issuance to be made
pursuant to such exemptions; and

(iii)                              There has been
obtained any other consent, approval or permit from any state or federal
governmental agency which the Committee or Board, in

 

their sole discretion upon
the advice of counsel, deems necessary or advisable.

b.                                      Share Transfers. Shares issued
pursuant to Options granted under the Plan may not be sold, assigned,
transferred, pledged, encumbered or otherwise disposed of, whether voluntarily
or involuntarily, directly or indirectly, by operation of law or otherwise,
except pursuant to registration under the Securities Act and applicable state
securities laws or pursuant to exemptions from such registrations. The Company may condition
the sale, assignment, transfer, pledge, encumbrance or other disposition of
such shares not issued pursuant to an effective and current registration
statement under the Securities Act and all applicable state securities laws on
the receipt from the party to whom the Shares are to be so transferred to any representations
or agreements requested by the Company in order to permit such transfer to be
made pursuant to exemptions from registration under the Securities Act and
applicable state securities laws.

c.                                       Legends. Unless a
registration statement under the Securities Act and applicable state securities
laws is in effect with respect to the issuance or transfer of Shares under the
Plan, each certificate representing any such Shares may be endorsed with
such legend as the Board or the Committee may, in the exercise of their sole
discretion, deem appropriate.

7.                                       Amendment or Termination of the Plan

The Board may amend, suspend or terminate the Plan or any portion
thereof at any time, but (except as provided in Section 11 hereof) no
amendment shall be made without approval of the stockholders of the Company
which shall: (i) materially increase the aggregate number of Shares with
respect to which awards may be made under the Plan; (ii) materially
increase the aggregate number of Shares which may be subject to awards to
individuals who are not employees or directors; or (iii) change the class of
persons eligible to participate in the Plan; provided, however, that no such
amendment, suspension or termination shall impair the rights of any individual,
without his or her consent, in any award theretofore made pursuant to the Plan.

8.                                       Term of Plan

The Plan shall be effective upon the date of its adoption by the Board;
provided that, Incentive Stock Options may be granted only if the Plan is
approved by the shareholders within twelve (12) months before or after the date
of adoption. Unless sooner terminated under the provisions of Section 6,
Shares shall not be granted under the Plan after the expiration of ten (10) years
from the effective date of the Plan. However, awards may be exercisable
after the end of the term of the Plan.

9.                                       Rights as Shareholder

Upon delivery of any Share to a Participant, such Participant shall
have all of the rights of a shareholder of the Company with respect to such
Share, including the right to vote such Share and to receive all dividends or
other distributions paid with respect to such Share. Notwithstanding anything
to the contrary contained in the Plan, the Committee may require that, as
a condition to the Company’s issuance and delivery of Shares under the Plan,
the Participant must execute and deliver a shareholder agreement or a stock
restriction agreement with respect to the Shares in the form prescribed by
the Board.

10.                                 Merger, Consolidation or Sale

In the event the Company is merged or consolidated with another
corporation and the Company is not the surviving corporation, or substantially
all of the Company common stock or assets are sold, the surviving corporation
or purchaser may agree to exchange options issued under this Plan for options
(with the same aggregate option price) to acquire and participate in that
number of shares in the surviving corporation that

 

have
a fair market value equal to the Fair Market Value (determined on the date of
such merger or consolidation) of Shares that the grantee is entitled to acquire
and participate in under this Plan on the date of such merger, consolidation or
sale, and if so, the grantees will be required to exchange options issued under
this Plan for options issued by such surviving corporation. Otherwise, the
Company or purchaser may, within sixty (60) days of such merger, consolidation
or sale, terminate awards under the Plan and pay the Fair Market Value, as
determined under this section, less any exercise price for each award Share.

11.                                 Changes in Capital and Corporate Structure

The aggregate number of Shares awarded and which may be awarded
under the Plan shall be adjusted to reflect a change in the outstanding capital
of the Company by reason of a stock split, reverse stock split, combination of
shares, stock dividend or similar transaction. The aggregate number of Shares
and interests awarded and which may be awarded under the Plan may be
adjusted to reflect a change in the outstanding capital of the Company by
reason of a recapitalization, reclassification or reorganization, at the
discretion of the Committee. Any adjustment shall be made in an equitable
manner, which will cause the awards to remain unchanged as a result of the
applicable transaction.

12.                                 Service

A Participant shall be considered to be in the service of the Company
or Related Corporation as long as he or she continues to provide service to the
Company or Related Corporation. Nothing herein shall confer on any Participant
the right to continued service with the Company or Related Corporation or
affect the right of the Company or Related Corporation to terminate such
service.

13.                                 Withholding of Tax

To the extent the award, issuance or exercise of Shares results in the
receipt of compensation by a Participant, the Company is authorized to withhold
from any other cash compensation then or thereafter payable to such Participant
any tax required to be withheld by reason of the receipt of the compensation.
Alternatively, the Participant may tender a personal check or authorize
the withholding of Shares in the amount of tax required to be withheld.

14.                                 Delivery and Registration of Stock

The Company’s obligation to deliver Shares with respect to an award
shall, if the Committee so requests, be conditioned upon the receipt of a
representation as to the investment intention of the individual to whom such
Shares are to be delivered, in such form as the Committee shall determine
to be necessary or advisable to comply with the provisions of the Securities
Act or any other federal, state or local securities legislation or regulation.
It may be provided that any representation requirement shall become
inoperative upon a Registration or other action eliminating the necessity of
such representation under securities legislation.

15.                                 Governing Law

The Plan and awards hereunder shall be governed by, construed and
enforced in accordance with the laws of the State of Illinois without regard to
its conflicts of law doctrine, except to the extent they are superseded by the
laws of the United States.

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