Document:

Filed by Automated Filing Services Inc. (604) 609-0244 - Dynamotive Energy Systems Corporation - Exhibit

NEGOTIATION COMMITMENT AND LOAN AGREEMENT

THIS AGREEMENT is made this 14th day of
November, 2007 

AMONG: 

DYNAMOTIVE ENERGY SYSTEMS
CORPORATION, a British Colombia, Canada corporation 

(the “Investor”) 

AND: 

BIOMASS WORLDWIDE Limited, an
England and Wales company 

(the “Borrower”) 

AND: 

ANTHONY PIUS NOLL, businessman
and principal of Borrower 

(the “Guarantor”) 

WHEREAS: 

(A)                  
The Borrower has requested of the Investor to loan it up to Seven Hundred and
Twenty Thousand US dollars (US$720,000.00) (the “Loan”) in five tranches on the
understanding that if the parties are able to reach a definitive agreement in
respect of an equity investment by the Investor in the Borrower, all of the Loan
will be converted into equity of the Borrower; 

(B)                  
The Investor has agreed to make an initial tranche of the Loan of US$173,333 on
signing hereof (with the making of any further tranches being in the Investor’s
sole discretion), however, if the Investor concludes in its sole discretion that
it will be unable to conclude an equity conversion agreement with Borrower as
aforesaid, 72% of the Loan shall be repaid together with interest thereon
calculated at the rate of 6 percent (6%) per annum compounded semi-annually and
calculated monthly from the date of each advancement of each tranche Loan until
the 72% is repaid in full. The other 28% of the Loan (together with interest
thereon calculated at the rate of 6 percent (6%) per annum compounded
semi-annually and calculated monthly from the date of each advancement of each
tranche) will either be either at the Borrower’s election (i) converted into
equity of the Borrower or (ii) shall purchase a royalty on gross sales of any
products or services of the Borrower or the Guarantor which use or incorporate
the Borrower’s or the Guarantor’s intellectual property until the amount is
repaid. The due date for repayment of the Loan (in cash, as to 72%, and as to
equity or a royalty, 28%) shall be “on demand” which the Investor may make any
time on or after March 7, 2008. 

- 2 - 

(C)                  
Acknowledging that as a principal shareholder of the Borrower the Loan is of
significant benefit to him, Anthony P. Noll ( herein the “Guarantor”), as
principal of the Borrower hereby agrees to unconditionally guarantee the due
repayment of the Loan (by way of cash as to 72% and equity or royalty as to 28%)
and agrees to pledge and hypothecate all of the shares, loan amounts and other
interests he has or controls in the Borrower standing in his name on the books
of the Borrower or which are otherwise beneficially owned by him. 

(D)                  
In further consideration of the making of the Loan or any part of it, the
Borrower and Guarantor agree to negotiate exclusively and in good faith with the
Investor towards reaching and effecting a business arrangement between the
Borrower and the Investor whereby the Investor would own not less than a thirty
percent (30%) interest in the Borrower for the Loan. 

NOW THEREFORE THIS AGREEMENT WITNESSES that to induce
the Investor to make the initial tranche of the Loan and for other good and
valuable consideration and the sum of $1.00 now paid by the Investor to the
Guarantor (receipt of which is hereby acknowledged) it is hereby agreed as
follows:

1.                  
The Investor will lend the following amounts to the Borrower if in the
Investor’s sole discretion the equity conversion negotiations are proceeding
satisfactorily and providing it does not have material concerns with the title
or efficacy of the Borrower’ intellectual property rights: 

(a)           on
execution hereof, after 30 days and 60 days thereafter, $173,333 and $173,334
respectively (total $520,000); and 

(b)           an
additional $100,000 on the dates that are 120 days and 150 days after execution
respectively ( aggregate maximum $720,000). 

2.                  
The Borrower hereby promises to the Investor the full, and punctual discharge of
the Loan on the 72%/28% terms herein provided, to the extent the Loan is
actually made, all interest from time to time occurring thereon and any and all
amounts which may be or become owing by the Borrower to the Investor when same
becomes due (collectively the “Obligations”). Against receipt of each tranche of
the Loan the Borrower shall execute two promissory notes (the “Notes”), one for
72% and one for 28%, to the Investor substantively in the form attached as
Schedule A hereto. The Borrower also hereby grants a charge on its present and
after-acquired assets to the Investor, and agrees to execute on request a
general security interest, with power to appoint a receiver, in the form
requested by the Investor. 

3.                  
It is agreed that the Obligations will be satisfied by one of:

(a)         
 conversion into the Borrower’s equity on terms satisfactory to both the
Parties; 

(b)          
repayment of 100% of the Loan with interest in full; or

(c)          
repayment of 72% of the Loan (and 72% of interest) through repayment in cash and
repayment of 28% of the Loan (and 28% of Interest) in either (at Borrower’s
election) Borrower’s common equity stock at its then prevailing fair value or a
3% 

- 3 - 

royalty on gross sales of products of
Borrower and Guarantor which use or incorporate the intellectual property of the
Guarantor or the Borrower payable until such time as the 28% of Loan and
Interest (continuing until full repayment of all Obligations) has been
repaid.

Investor shall only be obligated to
accept equity in Borrower if it is at the time a solvent going-concern
corporation. Any dispute as to the fair value of the Borrower’s equity, its
status as a solvent going concern or the terms of a royalty agreement will be
referred to binding arbitration if the parties are unable to agree terms. The
royalty will be calculated and paid quarterly, 60 days in arrears and the
Investor shall have a right of audit. 

4.                  
The Guarantor hereby pledges his shares in the capital stock of the Borrower
(the “Pledged Shares”), his loans or other interest and any substitutions
therefore as a consequence of any merger or like event, additions thereto and
proceeds thereof and all rights and claims of the Guarantor in respect of the
same or evidenced thereby ( collectively the “Pledged Interests”) which are
hereby assigned to the Investor as general and continuing collateral security
for the due and punctual payment to the Investor by the Borrower of the
Obligations (and notwithstanding that the Obligations may be settled under the
differe3nt terms in respect of the 72% and 28% portions).

5.                  
The Investor may on request require from the Guarantor of one or more
certificates or other evidences representing the Pledged Interests duly endorsed
in blank for transfer and accompanied by a duly signed power of attorney for
transfer in blank. The Investor shall hold the certificates representing the
Pledged Interests but shall permit the Pledged Interests to remain registered in
the name of the Guarantor in the books of the Borrower until the security hereby
constituted shall have become enforceable pursuant to Section 5, whereupon the
Investor may, in its sole discretion, effect the registration of, and obtain a
certificate for, the Pledged Interests or any of them in its name or in the name
of its nominee. The Investor is hereby appointed the irrevocable attorney of the
Guarantor with full power of substitution to endorse and/or transfer the Pledged
Interests or any of them to the Investor or its nominee. The Borrower represents
and covenants that the potential transfer of the Pledged Interests from the
Guarantor to the Investor has already been approved by the Borrower’s board of
directors. 

6.                  
Until the security hereby constituted shall have become enforceable pursuant to
§5, the Guarantor shall be entitled to:

(a)          
exercise all voting and other rights in respect of the Pledged Shares; and

(b)         
 receive all dividends, whether in cash or stock, interest or other
distributions in respect of the Pledged Interests for the Guarantor’s own use
and benefit.

7.                  
The security hereby constituted shall become immediately enforceable in the
event any Note is dishonoured. In the event of such default, the Investor may,
in its sole discretion do any or all of the following :

(a)          
Seize and realize on the assets of the Borrower and appoint a receiver or
receiver-manager over the Borrower; 

- 4 - 

(b)          
vote any or all of the Pledged Interests (whether or not transferred into the
name of the Investor) and exercise all other rights and powers and perform all
acts of ownership in respect thereof as the Guarantor might do;

(c)          
realize upon or sell or otherwise dispose of the Pledged Interests in whole or
in part for such price in money or other consideration and upon such terms and
conditions as the Investor deems best, acting reasonably, the whole without
advertisement or notice to the Guarantor or others (except as required by
law);

(c)          
receive and hold all dividends, whether in cash or stock, interest and other
distributions from time to time upon or in respect of the Pledged Interests as
security as aforesaid; and

(d)          
generally act in relation to the Pledged Interests in such manner and on such
terms as the Investor may deem expedient to its own interest;

provided, however, that the Investor shall not be bound to deal
with the Pledged Interests as aforesaid and shall not be liable for any loss
which may be occasioned by any failure so to do.

8.                  
In the event of any realization upon or sale or disposition of the Pledged
Interests as aforesaid, the Investor shall apply the proceeds of any such
realization, sale or disposition, together with any other monies at the time
held by it under the provisions of this Agreement, after deducting all costs and
expenses of collection, sale and delivery (including, without limitation,
reasonable legal fees and expenses) incurred by the Investor in connection
therewith, to the payment of the Obligations in such order as the Investor in
its sole discretion may determine, and the balance of such proceeds, if any,
shall be paid to the Guarantor, all without prejudice to the Investor’s claims
upon the Guarantor or Borrower for any deficiency.

9.                  
Borrower represents to investor that Borrower owns an innovative, proprietary
municipal solid waste treatment known as PROcessTM. The Guarantor represents that
he owns ____% of the common shares of the Borrower. Each of Guarantor and
Borrower jointly and severally represent that this agreement is binding and
enforceable against each of them and that Borrower is a validly subsisting
corporation and has taken all necessary corporate proceedings to execute and
deliver this agreement. 

10.                  
No delay or omission on the part of the Investor in exercising any right
hereunder shall operate as a waiver of such right or any other right hereunder.
A waiver on any one occasion shall not be construed as a bar or waiver of any
right or remedy on any future occasion.

11.                  
The Investor may grant extensions of time or other indulgences, take and give up
securities, accept compositions, grant releases and discharges and otherwise
deal with the Borrower and the Pledged Interests as the Investor may see fit
without prejudice to any of its rights hereunder. The Investor may register this
agreement as a security charge in any jurisdiction in which the Borrower or the
Guarantor has assets and each will execute any required PPSA or UCC or similar
public charge registry documents as the Investor may request be executed to
perfect the charges against the Borrower or the Guarantor contemplated
herein.

- 5 - 

12.                  
Notices and other communications may be given by any party to another by
delivery or by email.

If to Noll 

	 	(a) 	
      Eastwood House 
2207 Eastern Ave. 
Covington, KY
      41014 USA

	 		859 581 5596 (office)
	 		859 653 0470 (cell)
	 		
      tonynoll@biomassworldwide.com

	 	 	 
	 	(b) 	
      if to Borrower:

	 		2 Swinton Square
	 		
      Knutsford, Cheshire 
WA16 2HH

	 		
      UK

	 		
      Tel: +44 7711 418080 contact@biomassworldwide.com ( attention Andrew
      Garcia)

	 	 	 
	 	(c) 	
      If to Investor

	 		
      Angus Corporate Centre 
1700 West 75th Avenue
      
Suite 230 
Vancouver BC

	 		
      Canada V6P 6G2 laura.santos@Dynamotive.com

13.                  
The Investor shall be bound to exercise in keeping the Pledged Interests only
the same degree of care as it would exercise with respect to its own
securities.

14.                  
This Agreement shall terminate and be of no further force and effect and the
Pledged Interests, to the extent in Investor’s possession, shall be returned to
the Guarantor by the Investor when all Obligations have been paid by the
Borrower to the Investor in full.

15.                  
The parties agree that disputes arising hereunder in connection with the 28% of
the Loan which is subject to alternative repayment arrangements is subject to
binding arbitration under the Commercial Arbitration Act of British Columbia.
For greater certainty, the 72% of the Loan amounts which not subject to such
arrangements shall not be subject to arbitration nor any other defences and the
Notes in respect thereof shall be treated for all purposes as negotiable
instruments. 

16.                  
This Agreement shall be binding upon and enure to the benefit of the respective
heirs, executors, administrators, successors and assigns of the parties
hereto.

17.                  
This Agreement shall for all purposes be construed in accordance with and
governed by the laws of the Province of British Columbia. 

- 6 - 

IN WITNESS WHEREOF this Agreement has been executed by
the parties hereto as of the day and year first above written. 

By the Borrower: 

BIOMASS WORLDWIDE LIMITED 

Per:     /s/ Anthony Pius Noll                                                 

              Authorized
  Signatory 

By the Guarantor/Guarantor: 

	Signed, Sealed and Delivered by ANTHONY 	) 	  
	P. NOLL in the presence of: 	) 	  
	  	) 	  
	/s/ Marilyn Noll 	) 	  
	Witness (Signature) 	) 	/s/ Anthony
      Pius Noll 
	 	) 	ANTHONY PIUS NOLL
	Marilyn Noll 	) 	  
	Name (please print) 	) 	  
	 	) 	  
	2207 Eastern Avenue
    	) 	  
	Address 	) 	  
	  	) 	  
	Covington Kentucky
    	) 	  
	City, Province 	) 	  
	  	) 	  
	  	) 	  
	Occupation 	) 	  

 

By the Investor 
DYNAMOTIVE ENERGY SYSTEMS
CORPORATION 

 

	Per:     /s/ R Andrew Kingston                                                                         	 	/s/ Richard
      Lin 
	               
         Authorized Signatory 	 	Authorized Signatory 

PROMISSORY NOTE (form for each tranche one note for 72%
and one note for 28%) 

AMOUNT: US$ 173,333[ or $100,000] 

Date Made: November 14, 2007

FOR VALUE RECEIVED Biomass Worldwide Limited
(“Borrower”) of <>, hereby promises to pay to Dynamotive Energy
Systems Corp. (“Lender”) ON DEMAND made anytime after the 7 day of March, 2008,
the sum of [$150,000.00] DOLLARS of lawful currency of the United States
together with interest as hereinafter provided and together with any expenses
incurred by the Lender in connection with enforcing payment hereunder. The
Principal Amount of this Note from time to time outstanding both before and
after maturity, default or judgment shall bear simple interest at the rate of
6,% per annum, compounded semi-annually and calculated monthly. 

The Principal Amount and all accrued interest thereon will
become due and immediately payable after written demand for payment has been
made of the Borrower by delivery by or on behalf of the Lender of a written
demand by personal delivery or registered mail to the Borrower at the above
address. Interest shall continue to accrue on any amounts unpaid hereunder until
all amounts due under this Note have been fully discharged by the Borrower. The
Borrower hereby waives presentment of this Note for payment, protest and notice
of any other kind except for the demand notice. This Note may be prepaid by the
Borrower in whole or in part at any time without premium or penalty upon notice
to the Lender at its principal office in Vancouver, BC. This Note is assignable
by the Lender. The Lender shall give the Borrower notice of any assignment
hereof. 

This note is not assignable by the Borrower. Subject to the
foregoing, this Note will be binding upon successors of the Borrower and will
enure to the benefit of the Lender and its successors and assigns. This Note
shall be deemed to be made in the Province of British Columbia and governed by
and construed in accordance with the laws of the Province of British Columbia.

IN WITNESS WHEREOF the Borrower has caused this Note to
be executed and delivered to the Lender the date first above written. 

Biomass Worldwide Limited 

 

Per:     /s/ Anthony Pius Noll                                

             Authorized SignatoryFiled by Automated Filing Services Inc. (604)609-0244 - Banyan Corporation - Exhibit 10.1

BANYAN CORPORATION 
2008 STOCK AWARD PLAN

          This
  Banyan Corporation 2008 Stock Award Plan (the "Plan") is designed to retain
  directors, executives and selected employees and reward them for making major
  contributions to the success of the Company. These objectives are accomplished
  by making long-term incentive awards under the Plan thereby providing Participants
  with a proprietary interest in the growth and performance of the Company.

          1.
  Definitions.

(a) "Board" - The Board of Directors of the Company.

(b) "Code" - The Internal Revenue Code of 1986, as amended from
time to time.

(c) "Committee" - The Compensation Committee of the Company's
Board, or such other committee of the Board that is designated by the Board to
administer the Plan, composed of not less than two members of the Board all of
whom are disinterested persons, as contemplated by Rule 16b-3 ("Rule 16b-3")
promulgated under the Securities Exchange Act of 1934, as amended (the "Exchange
Act").

(d) "Company" - Banyan Corporation and its subsidiaries
including subsidiaries of subsidiaries.

(e) "Exchange Act" - The Securities Exchange Act of 1934, as
amended from time to time.

(f) "Fair Market Value" - The fair market value of the
Company's issued and outstanding Stock as determined in good faith by the Board
or Committee.

(g) "Participant" - A director, officer, or employee of the
Company to whom an Award has been made under the Plan.

(h) "Securities Act" - The Securities Act of 1933, as amended
from time to time.

(i) "Stock Award Agreement" - An agreement between the Company
and a Participant that sets forth the terms, conditions and limitations
applicable to a Stock Award.

(j) "Stock" - Authorized and issued or unissued shares of
Common Stock, no par value of the Company.

(k) "Stock Award" - A Stock Award made under the Plan in stock
or denominated in units of stock for which the Participant is not obligated to
pay additional consideration.

          2.
  Administration. The Plan shall be administered by the Board; provided
  however, that the Board may delegate such administration to the Committee.
  Subject to the provisions of the Plan, the Board and/or the Committee shall
  have authority to (a) grant, in its discretion, Stock Awards; (b) determine
  in good faith the Fair Market Value of the Stock covered by any Stock Award;
  (c) determine which eligible persons shall receive Stock Awards and the number
  of shares, restrictions, terms and conditions to be included in such Stock Awards;
  (d) construe and interpret the Plan; (e) promulgate, amend and rescind rules
  and regulations relating to its administration, and correct defects, omissions
  and inconsistencies in the Plan or any Stock Award; (f) consistent with the
  Plan and with the consent of the Participant, as appropriate, amend any outstanding
  Stock Award or amend the date thereof; (g) determine the duration and purpose
  of leaves of absence which may be granted to Participants without constituting
  termination of their employment for the purpose of the Plan or any Stock Award;
  and (h) make all other determinations necessary or advisable for the Plan's
  administration. The interpretation and construction by the Board of any provisions
  of the Plan or selection of Participants shall be conclusive and final. No member
  of the Board or the Committee shall be liable for any action or determination
  made in good faith with respect to the Plan or any Stock Award made thereunder.

          3.
  Eligibility.

          (a)
  General. Any director, officer, or employee of the Company is eligible
  to receive a Stock Award.

          (b)
  Consultants. Any Consultant to the Company may be a Participant; provided,
  however, that the Consultant is a natural person, provides bona fide services
  to the Company that are not in connection with the offer or sale of securities
  in a capital-raising transaction and do not directly or indirectly promote or
  maintain a market for the Company’s securities; and, provided, further,
  the Consultant otherwise is an “employee” as defined in Section A
  1 (a) of the General Instructions to Form S-8 under the Securities Act.

          4.
  Stock.

          (a)
  Authorized Stock. Stock subject to Stock Awards may be either unissued
  or reacquired Stock.

          (b)
  Number of Shares. Subject to adjustment as provided in Section 5(i) of
  the Plan, the total number of shares of Stock which may be granted directly
  by Stock Awards shall not exceed Eighty Million (80,000,000) shares. If any
  Stock Award shall for any reason terminate or expire, any shares allocated thereto
  upon such expiration or termination shall again be available for Stock Awards
  with respect thereto under the Plan as though no Stock Award had previously
  occurred with respect to such shares. 

-2-

          (c)
  Reservation of Shares. The Company shall reserve and keep available at
  all times during the term of the Plan such number of shares as shall be sufficient
  to satisfy the requirements of the Plan. If, after reasonable efforts, which
  efforts shall not include the registration of the Plan or Stock Awards under
  the Securities Act, the Company is unable to obtain authority from any applicable
  regulatory body, which authorization is deemed necessary by legal counsel for
  the Company for the lawful issuance of shares hereunder, the Company shall be
  relieved of any liability with respect to its failure to issue and sell the
  shares for which such requisite authority was so deemed necessary unless and
  until such authority is obtained.

          5.
  Stock Awards.

          (a)
  General Conditions. All or part of any Stock Award under the Plan may
  be subject to conditions established by the Board or the Committee, and set
  forth in the Stock Award Agreement, which may include, but are not limited to,
  continuous service with the Company, achievement of specific business objectives,
  increases in specified indices, attaining growth rates and other comparable
  measurements of Company performance. Such Awards may be based on Fair Market
  Value or other specified valuation. All Stock Awards will be made pursuant to
  the execution of a Stock Award Agreement substantially in the form attached
  hereto as Exhibit A.

          (b)
  Insiders; Control Securities. Any Participant subject to Section 16(a)
  of the Exchange Act (generally any dirctor, officer or principal shareholder)
  shall comply with the requirements of Section 16(b) of the Exchange Act (generally
  by holding the Stock subject a Stock Award for at least six months from the
  date of the Stock Award). The amount of securities of the Company that may be
  sold by any Participant that holds “control securities” and any other
  person with whom he or she is acting in concert for the purpose of selling securities
  of the Company, may not exceed, during any three month period, the amount specified
  in Rule 144(e) of the General Rules and Regulations under the Securities Act
  (generally one percent of the shares outstanding as shown by the most recent
  report or statement published by the Company). The Participant shall have the
  burden of proving to the satisfaction of the Company, at Participant’s
  cost, any exemption to the requirements of this paragraph, including any exemption
  pursuant to Rule 16b-3 of the General Rules and Regulations under the Exchange
  Act and any exception to Rule 144(e). 

          (c)
  Cancellation and Rescission of Stock Awards. Unless the Stock Award Agreement
  specifies otherwise, the Board or Committee, as applicable, may cancel any unexpired,
  unpaid, or deferred Stock Awards at any time if the Participant is not in compliance
  with all other applicable provisions of the Stock Award Agreement, the Plan
  and with the following conditions:

          (i)
  A Participant shall not render services for any organization or engage directly
  or indirectly in any business which, in the judgment of the chief executive
  officer of the Company or other senior officer designated by the Board or Committee,
  is or becomes competitive with the Company, or which organization or business,
  or the 

-3-

rendering of services to such organization or business, is or
becomes otherwise prejudicial to or in conflict with the interests of the
Company. For Participants whose employment has terminated, the judgment of the
chief executive officer shall be based on the Participant's position and
responsibilities while employed by the Company, the Participant's
post-employment responsibilities and position with the other organization or
business, the extent of past, current and potential competition or conflict
between the Company and the other organization or business, the effect on the
Company's customers, suppliers and competitors and such other considerations as
are deemed relevant given the applicable facts and circumstances. A Participant
who has retired shall be free, however, to purchase as an investment or
otherwise, stock or other securities of such organization or business so long as
they are listed upon a recognized securities exchange or traded
over-the-counter, and such investment does not represent a substantial
investment to the Participant or a greater than ten percent (10%) equity
interest in the organization or business.

          (ii)
  A Participant shall not, without prior written authorization from the Company,
  disclose to anyone outside the Company, or use in other than the Company's business,
  any confidential information or material, as defined in the Company's Proprietary
  Information and Invention Agreement or similar agreement regarding confidential
  information and intellectual property, relating to the business of the Company,
  acquired by the Participant either during or after employment with the Company.

          (iii)
  A Participant, pursuant to the Company's Proprietary Information and Invention
  Agreement, shall disclose promptly and assign to the Company all right, title
  and interest in any invention or idea, patentable or not, made or conceived
  by the Participant during employment by the Company, relating in any manner
  to the actual or anticipated business, research or development work of the Company
  and shall do anything reasonably necessary to enable the Company to secure a
  patent where appropriate in the United States and in foreign countries.

          (iv)
  In performing its duties, the Participant agrees to adhere to and to act in
  accordance with all applicable laws, rules and regulations, the policies and
  procedures of the Company in effect from time to time, all written and oral
  instructions received from an authorized officer or employee of the Company,
  and high ethical standards.

          (v)
  Upon delivery of a Stock Award, the Participant shall certify on a form acceptable
  to the Committee that he or she is in compliance with the terms and conditions
  of the Plan. Failure to comply with all of the provisions of this Section 5
  prior to, or during the six months after, any Stock Award shall cause such Stock
  Award to be rescinded. The Company shall notify the Participant in writing of
  any such rescission within two years after such exercise, payment or delivery.
  Within ten days after receiving such a notice from the Company, the Participant
  shall pay to the Company the amount of any gain realized or payment received
  as a result of the rescinded Stock Award. Such payment shall be made either
  in cash or by returning to the Company the number of 

-4-

shares of Stock that the Participant received in connection
with the rescinded exercise, payment or delivery.

          (d)
  Nonassignability.

          (i)
  Except pursuant to Section 5(e)(iii) and except as set forth in Section 5(d)(ii),
  no Stock Award or any other benefit under the Plan shall be assignable or transferable,
  or payable to or exercisable by, anyone other than the Participant.

          (ii)
  Where a Participant terminates employment and retains a Stock Award pursuant
  to Section 5(e)(ii) in order to assume a position with a governmental, charitable
  or educational institution, the Board or Committee, in its discretion and to
  the extent permitted by law, may authorize a third party (including but not
  limited to the trustee of a "blind" trust), acceptable to the applicable governmental
  or institutional authorities, the Participant and the Board or Committee, to
  act on behalf of the Participant with regard to such Stock Award.

          (e)
  Termination of Employment. If the employment or service to the Company
  of a Participant terminates, other than pursuant to any of the following provisions
  under this Section 5(e), all unexercised, deferred and unpaid Stock Awards shall
  be cancelled immediately, unless the Stock Award Agreement provides otherwise.

          (i)
  Retirement Under a Company Retirement Plan. When a Participant's employment
  terminates as a result of retirement in accordance with the terms of a Company
  retirement plan, the Board or Committee may permit the Participant’s Stock
  Award to continue in effect beyond the date of retirement in accordance with
  the applicable Stock Award Agreement and the exercisability and vesting of any
  such Stock Award may be accelerated.

          (ii)
  Rights in the Best Interests of the Company. When a Participant resigns
  from the Company and, in the judgment of the Board or Committee, the acceleration
  and/or continuation of outstanding Stock Awards would be in the best interests
  of the Company, the Board or Committee may (A) authorize, where appropriate,
  the acceleration and/or continuation of all or any part of any Stock Award issued
  prior to such termination and (B) permit the exercise, vesting and payment of
  such Stock Award for such period as may be set forth in the applicable Stock
  Award Agreement, subject to earlier cancellation pursuant to Section 8 or at
  such time as the Board or Committee shall deem the continuation of all or any
  part of the Participant's Stock Award is not in the Company's best interest.

          (iii)
  Death or Disability of a Participant.

          (A)
  In the event of a Participant's death, the Participant's estate or beneficiaries
  shall have a period up to the expiration date specified in the Stock Award Agreement
  within which to receive or exercise any outstanding Stock Award held by the
  Participant under such terms as may be specified in the applicable Stock Award
  Agreement. Rights 

-5-

to any such outstanding Stock Award shall pass by will or the
laws of descent and distribution in the following order: (I) to beneficiaries so
designated by the Participant; if none, then (II) to a legal representative of
the Participant; if none, then (III) to the persons entitled thereto as
determined by a court of competent jurisdiction. Any Stock Award so passing
shall be made at such times and in such manner as if the Participant were
living.

          (B)
  In the event a Participant is deemed by the Board or Committee to be unable
  to perform his or her usual duties by reason of mental disorder or medical condition
  which does not result from facts which would be grounds for termination for
  cause, a Stock Award and rights to any such Stock Award may be paid to or exercised
  by the Participant, if legally competent, or a committee or other legally designated
  guardian or representative if the Participant is legally incompetent by virtue
  of such disability.

          (C)
  After the death or disability of a Participant, the Board or Committee may in
  its sole discretion at any time terminate restrictions in a Stock Award Agreement.

          (D)
  In the event of uncertainty as to interpretation of or controversies concerning
  this Section 5, the determinations of the Board or Committee, as applicable,
  shall be binding and conclusive.

          6.
  Investment Intent. All Stock Awards under the Plan are intended to be
  exempt from registration under the Securities Act provided by Rule 701 thereunder.
  Unless and until the issuance of Stock subject to the Plan are registered under
  the Securities Act or shall be exempt pursuant to the rules promulgated thereunder,
  each Stock Award under the Plan shall provide that the purchases or other acquisitions
  of Stock thereunder shall be for investment purposes and not with a view to,
  or for resale in connection with, any distribution thereof. Further, unless
  the issuance and sale of the Stock have been registered under the Securities
  Act, each Stock Award shall provide that no shares shall be issued under such
  Stock Award unless and until (a) all then applicable requirements of state and
  federal laws and regulatory agencies shall have been fully complied with to
  the satisfaction of the Company and its counsel, and (b) if requested to do
  so by the Company, the person exercising the rights under the Stock Award shall
  (i) give written assurances as to knowledge and experience of such person (or
  a representative employed by such person) in financial and business matters
  and the ability of such person (or representative) to evaluate the merits and
  risks of exercising the Option, and (ii) execute and deliver to the Company
  a letter of investment intent and/or such other form related to applicable exemptions
  from registration, all in such form and substance as the Company may require.
  If shares are issued upon exercise of any rights under a Stock Award without
  registration under the Securities Act, subsequent registration of such shares
  shall relieve the purchaser thereof of any investment restrictions or representations
  made upon the exercise of such rights. 

          7.
  Amendment, Modification, Suspension or Discontinuance of the Plan.

The Board may, insofar as permitted by law, from time to time,
with respect to any shares at the time not subject to outstanding Stock Award,
suspend or terminate the Plan or revise or amend it in any respect whatsoever,
except that no such revision or amendment 

-6-

shall (a) increase the number of shares subject to the Plan,
(b) materially increase the benefits to Participants, or (c) change the class of
persons eligible to receive a Stock Award under the Plan; provided,
however, no such action shall alter or impair the rights and obligations
under any Stock Award outstanding as of the date thereof without the written
consent of the Participant thereunder. No Stock Award may be issued while the
Plan is suspended or after it is terminated, but the rights and obligations
under any Stock Award issued while the Plan is in effect shall not be impaired
by suspension or termination of the Plan.

          In
  the event of any change in the outstanding Stock by reason of a stock split,
  stock dividend, combination or reclassification of shares, recapitalization,
  merger, or similar event, the Board or the Committee may adjust proportionally:
  (a) the number of shares of Stock (i) reserved under the Plan, and (ii) covered
  by outstanding Stock Awards; (b) the Stock prices related to outstanding Stock
  Awards; and, (c) the appropriate Fair Market Value and other price determinations
  for such Stock Awards. In the event of any other change affecting the Stock
  or any distribution (other than normal cash dividends) to holders of Stock,
  such adjustments as may be deemed equitable by the Board or the Committee, including
  adjustments to avoid fractional shares, shall be made to give proper effect
  to such event. In the event of a corporate merger, consolidation, acquisition
  of property or stock, separation, reorganization or liquidation, the Board or
  the Committee shall be authorized to issue or assume stock options, whether
  or not in a transaction to which Section 424(a) of the Code applies, and other
  Stock Awards by means of substitution of new Stock Award Agreements for previously
  issued Stock Awards or an assumption of previously issued Stock Awards.

          8.
  Tax Withholding. The Company shall have the right to deduct applicable
  taxes from any Stock Award withhold, at the time of delivery or exercise of
  a Stock Award or vesting of shares under such Stock Award, an appropriate number
  of shares for payment of taxes required by law or to take such other action
  as may be necessary in the opinion of the Company to satisfy all obligations
  for withholding of such taxes. If Stock is used to satisfy tax withholding,
  such stock shall be valued based on the Fair Market Value when the tax withholding
  is required to be made.

          9.
  Notice. Any written notice to the Company required by any of the provisions
  of the Plan shall be addressed to the chief personnel officer or to the chief
  executive officer of the Company, and shall become effective when the office
  of the chief personnel officer or the chief executive officer receives it.

          10.
  Governing Law. The Plan and all determinations made and actions taken
  pursuant hereto, to the extent not otherwise governed by the Code or the securities
  laws of the United States, shall be governed by the law of the State of Oregon
  and construed accordingly.

          11.
  Effective and Termination Dates. The Plan shall become effective on the
  date it is approved by Board. The Plan shall terminate ten years later, subject
  to earlier termination by the Board pursuant to Section 7.

-7-

          The
  undersigned certifies that the foregoing is a true and correct copy of the Banyan
  Corporation 2008 Stock Award Plan as adopted by its Board of Directors on April
  30, 2008.

___________________________________
Michael Gelmon, Chief
Executive Officer

-8-

EXHBIT A 
FORM OF
STOCK AWARD AGREEMENT

          Banyan
  Corporation (the "Company") hereby grants to ___________(“Employee”),
  _____________shares of the Common Stock, no par value of the Company (the “Stock”).
  This Stock Award is subject to the restrictions as set forth below and to all
  the terms and conditions of the Banyan Corporation 2008 Stock Award Plan, (the
  “Plan”) which are incorporated herein by this reference, and neither
  this Stock Award nor the Stock may be assigned or transferred except as provided
  in the Plan.

          This
  Stock Award is subject to following additional restrictions: 

[Any additional restrictions to be inserted here]

          By
  signing below, Employee certifies that Employee is in compliance with the terms
  and conditions of the Plan.

Dated: __________, _______

	 	"Company" 
	 	 
	 	By: ________________________________ 
	 	[Type name and title of Authorized Officer]
  
	 	 
	 	"Employee" 
	 	 
	 	By: ________________________________ 
	 	                   [Type
      name of Participant] 

-9-

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